Convergent-av Ltd.

Convergent-av Ltd is a small, active company based in Glasgow, UK, founded 22 years ago in 2002. It employs just one person and holds £29,511 in assets, operating from a virtual address shared by many other companies. Run by a single director and owner – Fraser Gordon Murray – it's a solo founder operation. The company regularly imports and exports electrical machinery and equipment, with 29 months of import activity and 9 months of export activity recorded. Its core business involves retail sale via mail order houses or via internet, and it's registered with Companies House as SC236660.

The company's website, Convergent-av Ltd, focuses on audio-visual consultancy and distribution. While the site doesn's offer direct e-commerce functionality, it serves as a digital brochure showcasing the company's services and expertise. It's clear the company is a B2B operation, rather than a direct-to-consumer retailer.

Financially, Convergent-av Ltd presents a mixed picture. Current assets have fallen by 17%, dropping to £30,000, while net assets have plummeted 49%, settling at £5,000. Operating profit has shifted dramatically, moving from £18,000 to a loss of £23,000. Cash bank on hand has suffered a significant decrease, falling 90% to just £1,700. Trade creditors have also decreased by 6.5%, to £29,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it's exempt from an audit, and the figures are unaudited.

The sharp decline in profitability and cash reserves suggests Convergent-av Ltd is facing financial headwinds. While its long-standing presence in the market and regular import/export activity indicate a degree of resilience, the company will need to address these challenges to ensure its long-term viability. It's a bit concerning, really, but hopefully they can turn things around.

Registered in Scotland under the registration number SC236660, with a registered address at G2 4JR, Scotland, Glasgow, 272 Bath Street.

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