STONE TECHNOLOGIES LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. STONE TECHNOLOGIES LIMITED 2020-11-23 → present
2. STONE COMPUTERS LIMITED 2002-12-05 → 2020-11-23
3. OMEGA ELECTRONIC EQUIPMENT (EUROPE) LIMITED 1996-12-20 → 2002-12-05
4. OMEGA COMPUTING LIMITED 1991-10-29 → 1996-12-20

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Significant events

• “The award-winning Stone 360° app has simplified the process of secure IT asset disposal for companies large and small.”
• “During the year the Company joined the UN Global Compact and gained international recognition by achieving Gold CSR Accreditation.”
• “The Company made a dividend of £8,679,000 (2023: £Nil) to the immediate parent undertaking, Granite One Hundred Holdings Limited.”
• “On 22 April 2025 the parent company (Converge Technology Solutions Corp) was acquired by an affiliate of H.I.G. Capital, a leading global alternative investment firm. Converge will merge with Mainline Information Systems, LLC and the combined company has been rebranded as Pellera Technologies.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -9%

  £162,399,000 → £147,838,000

• Cash

  -20.5%

  £9,723,000 → £7,731,000

• Net assets

  -37.1%

  £19,861,000 → £12,494,000

• Employees

  -5.2%

  496 → 470

• Operating profit

  -35.8%

  £1,941,000 → £1,246,000

• Profit before tax

  -25.9%

  £1,820,000 → £1,349,000

• Wages

  -0.1%

  £18,910,000 → £18,883,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers