Convelio Ltd

Convelio Ltd, based in London, UK, is a holding company with an active status, established six years ago in June 2018. The company employs 33 people and holds assets totaling £1,110,191. While it has a registered address, it’s likely a virtual one, as 271 companies share the same location. Two directors and two owners manage the business, and it boasts a stellar Google rating of 5.0 based on 54 reviews. Convelio is an irregular importer of art and antiques, with just one month of imports recorded, and a regular exporter, with six months of export activity.

The company’s website suggests a service-oriented platform, requiring users to update their browsers and enable JavaScript. This indicates a digital-first approach, likely facilitating transactions or providing access to a platform for art logistics. It's not clear if the company is e-commerce, but the website’s focus on browser compatibility points to a digital service.

Financially, Convelio Ltd presents a mixed picture. While current assets decreased by 16% to £1,100,000, net assets plunged 73% to -£1,500,000. Bank borrowings increased by 520%, reaching £2,100,000, and cash reserves fell 18% to £290,000. Creditors also increased significantly by 90%, reaching £4,000,000. The company’s administrative expenses rose by 35% to £2,500,000. The decrease in average employees during the period, from 33 to 27, could be a result of restructuring or cost-cutting measures. The lack of an auditor mentioned suggests the company is exempt as a small company.

The sharp decline in equity is a concern, and the increase in borrowings suggests the company is relying on external financing. However, the continued export activity and positive Google rating indicate a functioning business. The company’s focus on art and antiques, coupled with its holding company structure, suggests a complex operation potentially involving multiple subsidiaries or partnerships.

Registered in England/Wales under the registration number 11392892, with a registered address at WC2R 0EX, United Kingdom, London, 7 Savoy Court.

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