synchemicals limited
synchemicals limited Company Information
Company Number
00368448
Next Accounts
May 2025
Shareholders
elizabeth ann gooding
stephen douglas gooding & victoria regina gooding
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
owen street, coalville, leicestershire, LE67 3DE
Website
http://nutrelgroup.co.uksynchemicals limited Estimated Valuation
Pomanda estimates the enterprise value of SYNCHEMICALS LIMITED at £23.8m based on a Turnover of £28.6m and 0.83x industry multiple (adjusted for size and gross margin).
synchemicals limited Estimated Valuation
Pomanda estimates the enterprise value of SYNCHEMICALS LIMITED at £35.9m based on an EBITDA of £5.4m and a 6.59x industry multiple (adjusted for size and gross margin).
synchemicals limited Estimated Valuation
Pomanda estimates the enterprise value of SYNCHEMICALS LIMITED at £72.8m based on Net Assets of £34.6m and 2.11x industry multiple (adjusted for liquidity).
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Synchemicals Limited Overview
Synchemicals Limited is a live company located in leicestershire, LE67 3DE with a Companies House number of 00368448. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 1941, it's largest shareholder is elizabeth ann gooding with a 17.1% stake. Synchemicals Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.6m with healthy growth in recent years.
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Synchemicals Limited Health Check
Pomanda's financial health check has awarded Synchemicals Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £28.6m, make it larger than the average company (£19.6m)
£28.6m - Synchemicals Limited
£19.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.5%)
6% - Synchemicals Limited
5.5% - Industry AVG
Production
with a gross margin of 31.4%, this company has a comparable cost of product (33.5%)
31.4% - Synchemicals Limited
33.5% - Industry AVG
Profitability
an operating margin of 15.4% make it more profitable than the average company (5.8%)
15.4% - Synchemicals Limited
5.8% - Industry AVG
Employees
with 142 employees, this is above the industry average (110)
142 - Synchemicals Limited
110 - Industry AVG
Pay Structure
on an average salary of £34k, the company has a lower pay structure (£47.2k)
£34k - Synchemicals Limited
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £201.2k, this is equally as efficient (£197k)
£201.2k - Synchemicals Limited
£197k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (45 days)
53 days - Synchemicals Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (44 days)
16 days - Synchemicals Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 95 days, this is more than average (49 days)
95 days - Synchemicals Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 336 weeks, this is more cash available to meet short term requirements (16 weeks)
336 weeks - Synchemicals Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.2%, this is a lower level of debt than the average (56.2%)
9.2% - Synchemicals Limited
56.2% - Industry AVG
SYNCHEMICALS LIMITED financials
Synchemicals Limited's latest turnover from August 2023 is £28.6 million and the company has net assets of £34.6 million. According to their latest financial statements, Synchemicals Limited has 142 employees and maintains cash reserves of £22.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,568,000 | 30,157,000 | 28,683,000 | 24,198,000 | 23,495,000 | 27,799,000 | 28,526,000 | 27,577,000 | 25,792,000 | 24,340,000 | 22,906,000 | 24,015,000 | 22,962,000 | 22,698,000 | 22,542,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 19,589,000 | 21,257,000 | 19,212,000 | 16,204,000 | 15,804,000 | 20,201,000 | 20,787,000 | 19,452,000 | 18,263,000 | 17,467,000 | 16,624,000 | 17,371,000 | 16,055,000 | 15,837,000 | 15,359,000 |
| Gross Profit | 8,979,000 | 8,900,000 | 9,471,000 | 7,994,000 | 7,691,000 | 7,598,000 | 7,739,000 | 8,125,000 | 7,529,000 | 6,873,000 | 6,282,000 | 6,644,000 | 6,907,000 | 6,861,000 | 7,183,000 |
| Admin Expenses | 4,573,000 | 5,762,000 | 6,151,000 | 5,653,000 | 5,704,000 | 8,475,000 | 6,303,000 | 6,069,000 | 6,128,000 | 6,073,000 | 5,281,000 | 5,801,000 | 5,661,000 | 5,617,000 | 5,892,000 |
| Operating Profit | 4,406,000 | 3,138,000 | 3,320,000 | 2,341,000 | 1,987,000 | -877,000 | 1,436,000 | 2,056,000 | 1,401,000 | 800,000 | 1,001,000 | 843,000 | 1,246,000 | 1,244,000 | 1,291,000 |
| Interest Payable | |||||||||||||||
| Interest Receivable | 476,000 | 90,000 | 243,000 | 110,000 | 113,000 | 113,000 | 52,000 | 84,000 | 182,000 | 225,000 | 205,000 | 210,000 | 211,000 | 139,000 | 188,000 |
| Pre-Tax Profit | 4,882,000 | 3,228,000 | 3,563,000 | 2,451,000 | 2,100,000 | -764,000 | 1,488,000 | 2,140,000 | 1,583,000 | 1,025,000 | 1,206,000 | 1,053,000 | 1,457,000 | 1,624,000 | 1,440,000 |
| Tax | -727,000 | -630,000 | -674,000 | -453,000 | -197,000 | -284,000 | -320,000 | -558,000 | -414,000 | -296,000 | -342,000 | -207,000 | -443,000 | -547,000 | -609,000 |
| Profit After Tax | 4,155,000 | 2,598,000 | 2,889,000 | 1,998,000 | 1,903,000 | -1,048,000 | 1,168,000 | 1,582,000 | 1,169,000 | 729,000 | 864,000 | 846,000 | 1,014,000 | 1,077,000 | 831,000 |
| Dividends Paid | 1,199,000 | 1,103,000 | 1,026,000 | 576,000 | 288,000 | 288,000 | 479,000 | 479,000 | 264,000 | 192,000 | 240,000 | 240,000 | 240,000 | 288,000 | 96,000 |
| Retained Profit | 2,956,000 | 1,495,000 | 1,863,000 | 1,422,000 | 1,615,000 | -1,336,000 | 689,000 | 1,103,000 | 905,000 | 537,000 | 624,000 | 606,000 | 774,000 | 789,000 | 735,000 |
| Employee Costs | 4,833,000 | 4,937,000 | 4,949,000 | 4,663,000 | 4,424,000 | 5,833,000 | 5,609,000 | 5,436,000 | 4,683,000 | 4,388,000 | 4,321,000 | 4,361,000 | 4,176,000 | 4,597,000 | 4,754,000 |
| Number Of Employees | 142 | 141 | 137 | 133 | 135 | 204 | 198 | 210 | 201 | 172 | 169 | 167 | 177 | 174 | 196 |
| EBITDA* | 5,443,000 | 3,878,000 | 4,155,000 | 3,342,000 | 2,643,000 | -215,000 | 2,682,000 | 2,986,000 | 2,198,000 | 1,387,000 | 1,715,000 | 1,581,000 | 1,819,000 | 1,788,000 | 2,168,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,407,000 | 4,291,000 | 4,281,000 | 4,118,000 | 3,974,000 | 5,181,000 | 5,978,000 | 6,378,000 | 6,168,000 | 6,040,000 | 6,033,000 | 6,303,000 | 5,592,000 | 6,710,000 | 6,855,000 |
| Intangible Assets | 469,000 | 670,000 | 120,000 | 10,000 | 200,000 | 300,000 | |||||||||
| Investments & Other | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 100,000 | 100,000 | 100,000 | 160,000 | 210,000 | 116,000 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 5,407,000 | 5,291,000 | 5,281,000 | 5,118,000 | 4,974,000 | 5,181,000 | 6,078,000 | 6,947,000 | 6,938,000 | 6,200,000 | 6,243,000 | 6,423,000 | 5,602,000 | 6,910,000 | 7,271,000 |
| Stock & work in progress | 5,140,000 | 6,677,000 | 4,125,000 | 3,011,000 | 3,329,000 | 2,848,000 | 3,657,000 | 3,336,000 | 3,435,000 | 2,947,000 | 2,971,000 | 2,916,000 | 2,939,000 | 2,260,000 | 2,891,000 |
| Trade Debtors | 4,213,000 | 5,380,000 | 5,331,000 | 6,023,000 | 5,040,000 | 4,751,000 | 6,089,000 | 5,614,000 | 5,782,000 | 4,615,000 | 3,663,000 | 4,146,000 | 3,423,000 | 3,386,000 | 3,147,000 |
| Group Debtors | 28,000 | ||||||||||||||
| Misc Debtors | 622,000 | 716,000 | 1,199,000 | 1,604,000 | 1,514,000 | 1,492,000 | 1,046,000 | 712,000 | 1,108,000 | 620,000 | 984,000 | 678,000 | 598,000 | 492,000 | 276,000 |
| Cash | 22,696,000 | 17,570,000 | 19,111,000 | 16,727,000 | 14,744,000 | 12,639,000 | 13,594,000 | 13,304,000 | 12,175,000 | 12,799,000 | 14,470,000 | 13,385,000 | 14,036,000 | 12,591,000 | 10,963,000 |
| misc current assets | 1,000,000 | 50,000 | 50,000 | 50,000 | |||||||||||
| total current assets | 32,671,000 | 30,343,000 | 29,766,000 | 27,365,000 | 24,627,000 | 22,730,000 | 24,386,000 | 23,016,000 | 22,550,000 | 21,059,000 | 22,088,000 | 21,125,000 | 20,996,000 | 18,729,000 | 17,277,000 |
| total assets | 38,078,000 | 35,634,000 | 35,047,000 | 32,483,000 | 29,601,000 | 27,911,000 | 30,464,000 | 29,963,000 | 29,488,000 | 27,259,000 | 28,331,000 | 27,548,000 | 26,598,000 | 25,639,000 | 24,548,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 883,000 | 1,953,000 | 1,795,000 | 1,185,000 | 807,000 | 634,000 | 1,393,000 | 1,308,000 | 1,908,000 | 1,356,000 | 1,856,000 | 1,433,000 | 1,674,000 | 1,460,000 | 1,159,000 |
| Group/Directors Accounts | 3,000 | 62,000 | 102,000 | 39,000 | |||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,624,000 | 2,066,000 | 3,132,000 | 3,041,000 | 1,959,000 | 2,057,000 | 2,515,000 | 2,788,000 | 2,816,000 | 2,041,000 | 3,091,000 | 3,417,000 | 2,832,000 | 2,759,000 | 2,821,000 |
| total current liabilities | 3,507,000 | 4,019,000 | 4,927,000 | 4,226,000 | 2,766,000 | 2,691,000 | 3,908,000 | 4,096,000 | 4,724,000 | 3,400,000 | 5,009,000 | 4,850,000 | 4,506,000 | 4,321,000 | 4,019,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 3,507,000 | 4,019,000 | 4,927,000 | 4,226,000 | 2,766,000 | 2,691,000 | 3,908,000 | 4,096,000 | 4,724,000 | 3,400,000 | 5,009,000 | 4,850,000 | 4,506,000 | 4,321,000 | 4,019,000 |
| net assets | 34,571,000 | 31,615,000 | 30,120,000 | 28,257,000 | 26,835,000 | 25,220,000 | 26,556,000 | 25,867,000 | 24,764,000 | 23,859,000 | 23,322,000 | 22,698,000 | 22,092,000 | 21,318,000 | 20,529,000 |
| total shareholders funds | 34,571,000 | 31,615,000 | 30,120,000 | 28,257,000 | 26,835,000 | 25,220,000 | 26,556,000 | 25,867,000 | 24,764,000 | 23,859,000 | 23,322,000 | 22,698,000 | 22,092,000 | 21,318,000 | 20,529,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 4,406,000 | 3,138,000 | 3,320,000 | 2,341,000 | 1,987,000 | -877,000 | 1,436,000 | 2,056,000 | 1,401,000 | 800,000 | 1,001,000 | 843,000 | 1,246,000 | 1,244,000 | 1,291,000 |
| Depreciation | 1,037,000 | 740,000 | 835,000 | 1,001,000 | 656,000 | 662,000 | 777,000 | 729,000 | 683,000 | 587,000 | 594,000 | 608,000 | 383,000 | 444,000 | 777,000 |
| Amortisation | 469,000 | 201,000 | 114,000 | 120,000 | 130,000 | 190,000 | 100,000 | 100,000 | |||||||
| Tax | -727,000 | -630,000 | -674,000 | -453,000 | -197,000 | -284,000 | -320,000 | -558,000 | -414,000 | -296,000 | -342,000 | -207,000 | -443,000 | -547,000 | -609,000 |
| Stock | -1,537,000 | 2,552,000 | 1,114,000 | -318,000 | 481,000 | -809,000 | 321,000 | -99,000 | 488,000 | -24,000 | 55,000 | -23,000 | 679,000 | -631,000 | 2,891,000 |
| Debtors | -1,261,000 | -434,000 | -1,097,000 | 1,073,000 | 311,000 | -892,000 | 809,000 | -564,000 | 1,627,000 | 616,000 | -177,000 | 803,000 | 143,000 | 455,000 | 3,423,000 |
| Creditors | -1,070,000 | 158,000 | 610,000 | 378,000 | 173,000 | -759,000 | 85,000 | -600,000 | 552,000 | -500,000 | 423,000 | -241,000 | 214,000 | 301,000 | 1,159,000 |
| Accruals and Deferred Income | 558,000 | -1,066,000 | 91,000 | 1,082,000 | -98,000 | -458,000 | -273,000 | -28,000 | 775,000 | -1,050,000 | -326,000 | 585,000 | 73,000 | -62,000 | 2,821,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 7,002,000 | 222,000 | 4,165,000 | 3,594,000 | 1,729,000 | -15,000 | 1,044,000 | 2,463,000 | 996,000 | -1,051,000 | 1,592,000 | 938,000 | 841,000 | 1,656,000 | -775,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -837,000 | -70,000 | -911,000 | -1,537,000 | -592,000 | -283,000 | -1,305,000 | 827,000 | -36,000 | -620,000 | |||||
| Change in Investments | -1,000,000 | 1,000,000 | -100,000 | -60,000 | -50,000 | 210,000 | -116,000 | 116,000 | |||||||
| cash flow from investments | 1,000,000 | -1,000,000 | -737,000 | -70,000 | -911,000 | -1,477,000 | -542,000 | -493,000 | -1,305,000 | 827,000 | 80,000 | -736,000 | |||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -3,000 | -59,000 | 62,000 | -102,000 | 63,000 | 39,000 | |||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 476,000 | 90,000 | 243,000 | 110,000 | 113,000 | 113,000 | 52,000 | 84,000 | 182,000 | 225,000 | 205,000 | 210,000 | 211,000 | 139,000 | 188,000 |
| cash flow from financing | 476,000 | 90,000 | 243,000 | 110,000 | 113,000 | 113,000 | 52,000 | 84,000 | 179,000 | 166,000 | 267,000 | 210,000 | 109,000 | 202,000 | 20,021,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 5,126,000 | -1,541,000 | 2,384,000 | 1,983,000 | 2,105,000 | -955,000 | 290,000 | 1,129,000 | -624,000 | -1,671,000 | 1,085,000 | -651,000 | 1,445,000 | 1,628,000 | 10,963,000 |
| overdraft | |||||||||||||||
| change in cash | 5,126,000 | -1,541,000 | 2,384,000 | 1,983,000 | 2,105,000 | -955,000 | 290,000 | 1,129,000 | -624,000 | -1,671,000 | 1,085,000 | -651,000 | 1,445,000 | 1,628,000 | 10,963,000 |
synchemicals limited Credit Report and Business Information
Synchemicals Limited Competitor Analysis
Perform a competitor analysis for synchemicals limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in LE67 area or any other competitors across 12 key performance metrics.
synchemicals limited Ownership
SYNCHEMICALS LIMITED group structure
Synchemicals Limited has 11 subsidiary companies.
Ultimate parent company
SYNCHEMICALS LIMITED
00368448
11 subsidiaries
synchemicals limited directors
Synchemicals Limited currently has 4 directors. The longest serving directors include Mr Carl Welsh (Aug 2020) and Mrs Claire Buck (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Carl Welsh | 60 years | Aug 2020 | - | Director | |
| Mrs Claire Buck | England | 52 years | Sep 2021 | - | Director |
| Mrs Anja Gooding | 40 years | Sep 2023 | - | Director | |
| Mr Andrew Gurney | 44 years | Sep 2023 | - | Director |
P&L
August 2023turnover
28.6m
-5%
operating profit
4.4m
+40%
gross margin
31.5%
+6.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
34.6m
+0.09%
total assets
38.1m
+0.07%
cash
22.7m
+0.29%
net assets
Total assets minus all liabilities
synchemicals limited company details
company number
00368448
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 1941
age
84
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
MAZARS LLP
address
owen street, coalville, leicestershire, LE67 3DE
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
synchemicals limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to synchemicals limited. Currently there are 0 open charges and 2 have been satisfied in the past.
synchemicals limited Capital Raised & Share Issues BETA
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synchemicals limited Companies House Filings - See Documents
| date | description | view/download |
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