Convertex Limited

Convertex Ltd, based in Chesterfield, UK, is a small, active company established 26 years ago. With five employees and £490,038 in assets, it operates from a real address and is managed by two directors and a solo founder. The company regularly imports basic metal tools and utensils (3 months of imports, last in April 2024) and occasionally exports paper and paperboard products (1 month of exports, last in August 3024).

The company's website, Cristina Marrone, showcases a wide range of designer upholstery fabrics, catering to both commercial and domestic interiors. It’s clear that the business operates as an online retailer, offering a vast collection of fabrics, including jacquards, plains, contract materials, and faux leathers. The site emphasizes high-quality sourcing, designer aesthetics, and premium quality, with collections named after Italian cities and regions. The website also features a blog and case studies, highlighting the fabrics in hotel and commercial projects.

Financially, Convertex Ltd’s report shows some concerning trends. Cash reserves declined by 57% to £110,000, while bank borrowings increased by 42% to £14,000. Current assets decreased by 10% to £490,000, and trade debtors surged by a substantial 56% to £280,000. Despite this, creditors decreased by 80%, suggesting improved debt management. The company meets the criteria for a small business—with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and, as such, the report is unaudited.

The significant increase in trade debtors could indicate challenges in collecting payments from customers, or perhaps a deliberate strategy to extend credit terms to boost sales. The decline in cash reserves, however, warrants closer attention, and the company may need to carefully manage its expenses and working capital. It’s worth noting that the company's auditor is not mentioned, which is common for small, exempt companies.

Registered in England/Wales under the registration number 03711350, with a registered address at S40 1LH, United Kingdom, Chesterfield, 41 Clarence Road.

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