Convergence Management Consultants Limited
06294670
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Khalid Mahmood
British · England · Age 60
61 (Suite 302), Praed Street, London, W2 1NS
Notified 27/06/2016
Former PSCs
Mr Majid Ali Choudhary
Ceased 23/08/2024
CompanyRankvs 8544+ SIC 62020 peers67
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 30/06/2025
Turnover
£2.6M
Annual revenue
Net Worth
£2.7M
Balance sheet strength
Cash
£2k
Cash in the bank
Profit Before Tax
£1.2M
Bottom line earnings
Net Current Assets
£2.7M
Working capital
Current Assets
£3.3M
Current Liabilities
£605k
Fixed Assets
-£436
Debtors
£3.3M
Operating Profit
£1.2M
Profit After Tax
£0
Tax at Year End(2023)
Director Loans(2023)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.49 | +£1.2M |
| 2024 | 5.49 | -£12k |
| 2023 | 5.63 | -£5k |
| 2022 | 5.69 | -£6k |
| 2021 | Infinity | -£5.4M |
| 2020 | 6.05 | +£5.8M |
| 2019 | 5.63 | -£11k |
| 2018 | 183.12 | — |
Derived from filed accounts. Not audited figures.