Converging Solutions Limited

Converging Solutions Ltd from Alcester UK: a small holding company with an active status, has been operating for 24 years. The company employs 35 people and holds assets valued at £3,518,347. It has a real address, is managed by three directors, and is owned by one individual. The company regularly imports machinery, boilers, and mechanical appliances; parts (49 months imported), and exports the same (173 months exported). It operates in the manufacture of other special-purpose machinery n.e.c. industries.

The company’s website highlights its core business: providing converging and end-of-line stacking solutions for the packaging industry. It offers thermoformed converging machines capable of processing up to 100 parts per minute, alongside aftersales service and spare parts. The website emphasizes its ability to design machines for thermoforming applications, improve efficiency at the end of packing lines, and provide standard modular machines with next-day parts availability. Converging Solutions aims to be the first choice supplier, delivering machines on time and providing excellent aftersales support. It also boasts a team of skilled people, a key differentiator, and prioritizes hygiene in its product range.

Financially, Converging Solutions Ltd shows a mixed picture. Cash bank on hand increased by 47% to £2.3 million, and average employees during the period grew by 3% to 36. However, amounts owed to group undertakings surged by 58% to £1.6 million. Creditors also increased by 23% to £2.6 million, while debtors decreased by 13% to £1 million. Trade creditors decreased by 43% to £210,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in liabilities suggests a need for careful cash flow management. The accounts are unaudited, as is typical for small companies.

Registered in England/Wales under the registration number 04157012, with a registered address at B50 4JH, United Kingdom, Alcester, Warwickshire, Unit 6a Waterloo Industrial Estate, Bidford On Avon.

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