We Are Convie Ltd

We Are Convie Ltd is a small, active company based in London, UK, founded two years ago. With just £482 in assets and a virtual address shared by thousands of other businesses, it’s a lean operation managed by two directors and two owners. The company operates an e-commerce site focused on beauty products, with a strong emphasis on community and cocreation.

The website, Convi, positions itself as a unique "community beauty brand." It's not just about selling products; it's about involving customers in the development process, from concept to packaging. The site features a range of products, including glosses, serums, and scarves, and actively encourages customer feedback and participation. There's a clear focus on clean beauty and sustainable practices, with blog posts detailing the benefits of ingredients like coconut oil and sunflower wax. The site also offers a membership program with exclusive experiences and rewards.

Financially, We Are Convie Ltd presents a concerning picture. While the company is small, meeting two of three criteria for a small company, its net assets are a negative £48,000, a substantial loss. Cash bank on hand remains at a modest £450, and creditors are a significant £31,000. Trade debtors are only £32, suggesting customers are paying promptly, but the overall financial situation is precarious. The company’s property, plant, and equipment are minimal, with a total of £680, and depreciation is consistent. The lack of employees (zero reported) indicates a very lean operation. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The company's reliance on a virtual address, coupled with the negative equity and minimal cash reserves, suggests it’s burning through money faster than it’s generating revenue. While the community-driven approach and focus on clean beauty are appealing, the financial challenges are significant. Whether We Are Convie Ltd can sustain its growth and turn its community engagement into profitability remains to be seen.

Registered in England/Wales under the registration number 14407686, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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