Con-vend Ltd

Con-Vend Ltd is a small, active company based in London, UK, founded nine years ago in December 2015. Employing forty people, it holds £672,372 in assets and generates £672,372 in revenue annually. The company operates from a virtual address – thirteen other companies are registered at the same location – and is led by one director and two owners, who had their lists updated recently. It's a solo founder story, too.

The company’s activities span a diverse range: construction of domestic buildings, non-specialised wholesale trade, retail sale via mail order houses or via internet, and other business support services. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees.

Looking at the financials, Con-Vend Ltd’s situation is a bit complex. While turnover increased by 11% to £670,000, profits plummeted -100% to just £1. Cash reserves have also taken a hit, falling -100% to a mere £1. Bank borrowings increased significantly, and trade debtors grew substantially, suggesting potential issues with customer payments. Creditors, however, decreased slightly, indicating better debt management. The company's administrative expenses decreased by 3.4%, which is good, but the sharp decline in equity is concerning. The cost of sales increased by 150%, which could be due to increased material costs or a change in product mix.

It’s worth noting that the company is exempt from an audit as a small company, so these figures are unaudited. The recent changes to the director and owner lists could signal a shift in strategy or ownership structure, but it's hard to say for sure.

Registered in England/Wales under the registration number 09932588, with a registered address at W12 9EE, England, London, Unit 14 63 Jeddo Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.