Convergence Group

Convergence Group was formed in 2004 to address the rapidly growing IP and network requirements of national and international business organisations. Convergence Group, ten years on, still only focusses on the design of scalable, cost effective, flexible, integrated network access solutions across the Wide Area Network (WAN). These solutions now always consist of multiple network providers’ along with multiple products, services and vendor hardware. Current revenues of £27m mean that we have the scale to design and maintain a ‘Carrier Inter-connect' platform’ by joining together a national and international supply chain of 'Tier 1' network carriers including BT, Virgin Media, Vodafone, COLT, Verizon Business, SSE, AT&T, Telstra and others. This platform gave us the capability to provide customer data solutions to any part of the UK or world with optimum efficiency, product flexibility and cost effectiveness.
Company Growth (employees)
Shirley, GB
Size (employees)
90 (est)
Convergence Group was founded in 2004 and is headquartered in Shirley, GB

Convergence Group Office Locations

Convergence Group has an office in Shirley
Shirley, GB (HQ)
Cranmore Place Cranmore Dr
Show all (1)

Convergence Group Financials and Metrics

Summary Metrics

Founding Date


Convergence Group Financials

Convergence Group's revenue was reported to be £27.3 m in FY, 2017 which is a 21% decrease from the previous period.

Revenue (FY, 2017)

27.3 m

Gross profit (FY, 2017)

8.6 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

2.3 m

EBITDA (FY, 2017)

4 m

EBIT (FY, 2017)

3.2 m

Cash (31-Mar-2017)

3.1 m
GBPFY, 2012FY, 2013FY, 2014FY, 2016FY, 2017


17.9 m23.5 m24.2 m34.6 m27.3 m

Cost of goods sold

13.3 m17.4 m17.5 m23.9 m18.7 m

Gross profit

4.6 m6.1 m6.7 m10.7 m8.6 m

Gross profit Margin, %

GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2016FY, 2017


322 k260.2 k109.7 k117.7 k855.5 k2.7 m4.1 m3.8 m3.2 m3.1 m

Accounts Receivable

178 k429 k1 m2.2 m3 m5.2 m3.8 m5 m7.1 m4.1 m


42.5 k143.1 k79.8 k

Current Assets

542.4 k832.3 k1.2 m2.3 m4.5 m9.2 m9 m8.8 m13.5 m8.1 m
    GBPFY, 2011FY, 2012FY, 2013FY, 2014FY, 2016FY, 2017

    Net Income

    1.2 m1.2 m1.7 m2.3 m2.3 m

    Cash From Operating Activities

    1.2 m2.6 m2.9 m1.4 m5 m

    Dividends Paid

    140 k161.7 k1 m3 m

    Cash From Financing Activities

    (6.7 k)(119.6 k)(164.6 k)(150.4 k)7.2 m
      GBPY, 2017


      389.7 k


      0.3 x


      0.1 x

      Financial Leverage

      4.3 x
      Show all financial metrics

      Convergence Group's Web-traffic and Trends

      Convergence Group Online and Social Media Presence

      Convergence Group Company Life and Culture

      You may also be interested in