synlab laboratory services limited
synlab laboratory services limited Company Information
Company Number
03216065
Next Accounts
Sep 2025
Shareholders
labco uk group limited
Group Structure
View All
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
gavenny court brecon road, abergavenny, NP7 7RX
Website
www.synlab.co.uksynlab laboratory services limited Estimated Valuation
Pomanda estimates the enterprise value of SYNLAB LABORATORY SERVICES LIMITED at £9.7m based on a Turnover of £9.5m and 1.02x industry multiple (adjusted for size and gross margin).
synlab laboratory services limited Estimated Valuation
Pomanda estimates the enterprise value of SYNLAB LABORATORY SERVICES LIMITED at £3m based on an EBITDA of £440k and a 6.79x industry multiple (adjusted for size and gross margin).
synlab laboratory services limited Estimated Valuation
Pomanda estimates the enterprise value of SYNLAB LABORATORY SERVICES LIMITED at £3.2m based on Net Assets of £1.4m and 2.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Synlab Laboratory Services Limited Overview
Synlab Laboratory Services Limited is a live company located in abergavenny, NP7 7RX with a Companies House number of 03216065. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in June 1996, it's largest shareholder is labco uk group limited with a 100% stake. Synlab Laboratory Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.5m with low growth in recent years.
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Synlab Laboratory Services Limited Health Check
Pomanda's financial health check has awarded Synlab Laboratory Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £9.5m, make it larger than the average company (£2.9m)
£9.5m - Synlab Laboratory Services Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (7.2%)
2% - Synlab Laboratory Services Limited
7.2% - Industry AVG
Production
with a gross margin of 74.3%, this company has a lower cost of product (44.9%)
74.3% - Synlab Laboratory Services Limited
44.9% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (5.6%)
1.6% - Synlab Laboratory Services Limited
5.6% - Industry AVG
Employees
with 177 employees, this is above the industry average (23)
177 - Synlab Laboratory Services Limited
23 - Industry AVG
Pay Structure
on an average salary of £23.3k, the company has a lower pay structure (£53.6k)
£23.3k - Synlab Laboratory Services Limited
£53.6k - Industry AVG
Efficiency
resulting in sales per employee of £53.7k, this is less efficient (£126.3k)
£53.7k - Synlab Laboratory Services Limited
£126.3k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is near the average (56 days)
67 days - Synlab Laboratory Services Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is slower than average (31 days)
36 days - Synlab Laboratory Services Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is more than average (30 days)
52 days - Synlab Laboratory Services Limited
30 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Synlab Laboratory Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.5%, this is a higher level of debt than the average (53.3%)
77.5% - Synlab Laboratory Services Limited
53.3% - Industry AVG
SYNLAB LABORATORY SERVICES LIMITED financials
Synlab Laboratory Services Limited's latest turnover from December 2023 is £9.5 million and the company has net assets of £1.4 million. According to their latest financial statements, Synlab Laboratory Services Limited has 177 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,507,000 | 8,233,000 | 16,310,000 | 9,008,000 | 7,539,000 | 8,367,000 | 9,566,000 | 6,608,000 | 8,490,955 | 6,937,458 | 5,245,087 | 5,093,666 | 5,175,455 | 4,987,523 | 4,535,370 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 2,441,000 | 2,701,000 | 7,297,000 | 3,221,000 | 1,309,000 | 1,706,000 | 2,055,000 | 1,450,000 | 4,130,306 | 3,476,948 | 2,702,755 | 2,646,593 | 2,660,356 | 2,800,967 | 2,484,205 |
| Gross Profit | 7,066,000 | 5,532,000 | 9,013,000 | 5,787,000 | 6,230,000 | 6,661,000 | 7,511,000 | 5,158,000 | 4,360,649 | 3,460,510 | 2,542,332 | 2,447,073 | 2,515,099 | 2,186,556 | 2,051,165 |
| Admin Expenses | 6,918,000 | 7,306,000 | 9,316,000 | 5,093,000 | 4,927,000 | 5,113,000 | 5,382,000 | 3,625,000 | 2,711,754 | 2,532,637 | 1,864,726 | 1,717,643 | 1,909,937 | 1,734,534 | 1,395,891 |
| Operating Profit | 148,000 | -1,774,000 | -303,000 | 694,000 | 1,303,000 | 1,548,000 | 2,129,000 | 1,533,000 | 1,648,895 | 927,873 | 677,606 | 729,430 | 605,162 | 452,022 | 655,274 |
| Interest Payable | 56,000 | 14,000 | 18,000 | 6,000 | 8,000 | 2,344 | 3,535 | 2,797 | 11,523 | 33,664 | 48,870 | 57,421 | |||
| Interest Receivable | 43,000 | 69,000 | 71,000 | 463,000 | 274,000 | 92,000 | 23,000 | 2,993 | 17,084 | 7,501 | |||||
| Pre-Tax Profit | 92,000 | -1,745,000 | -252,000 | 759,000 | 1,758,000 | 1,822,000 | 2,221,000 | 1,556,000 | 1,649,544 | 1,163,210 | 674,809 | 717,907 | 571,498 | 420,236 | 605,354 |
| Tax | -111,000 | 375,000 | -57,000 | -130,000 | 61,000 | -368,038 | -239,490 | -213,192 | -220,859 | -188,432 | -179,666 | -4,909 | |||
| Profit After Tax | -19,000 | -1,745,000 | 123,000 | 759,000 | 1,758,000 | 1,765,000 | 2,091,000 | 1,617,000 | 1,281,506 | 923,720 | 461,617 | 497,048 | 383,066 | 240,570 | 600,445 |
| Dividends Paid | 3,285,000 | 8,132,000 | 397,000 | ||||||||||||
| Retained Profit | -3,304,000 | -1,745,000 | 123,000 | 759,000 | -6,374,000 | 1,765,000 | 2,091,000 | 1,617,000 | 1,281,506 | 923,720 | 461,617 | 497,048 | 383,066 | -156,430 | 600,445 |
| Employee Costs | 4,118,000 | 3,939,000 | 4,064,000 | 3,106,000 | 3,155,000 | 3,253,000 | 3,248,000 | 2,132,000 | 2,672,869 | 2,283,041 | 1,633,809 | 1,507,430 | 1,620,013 | 1,731,650 | 1,754,935 |
| Number Of Employees | 177 | 178 | 170 | 168 | 174 | 157 | 165 | 151 | 148 | 122 | 95 | 93 | 92 | 93 | 85 |
| EBITDA* | 440,000 | -1,146,000 | 107,000 | 1,095,000 | 1,678,000 | 1,867,000 | 2,569,000 | 1,772,000 | 1,914,527 | 1,311,031 | 1,048,610 | 1,116,746 | 1,004,075 | 849,410 | 830,973 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 179,000 | 186,000 | 2,880,000 | 1,269,000 | 716,000 | 364,000 | 462,000 | 706,000 | 341,889 | 192,873 | 267,713 | 286,843 | 426,603 | 572,446 | 491,695 |
| Intangible Assets | 1,825,000 | 1,888,000 | 1,719,000 | 3,249,000 | 3,339,000 | 3,377,000 | 5,245,000 | 5,305,000 | 5,434,613 | 3,727,315 | 3,602,597 | 3,847,196 | 4,091,796 | 4,336,395 | 4,570,193 |
| Investments & Other | 263,000 | 374,000 | |||||||||||||
| Debtors (Due After 1 year) | 1,530,000 | 1,731,000 | 824,000 | 774,000 | 5,563,000 | 2,883,000 | 1,300,089 | ||||||||
| Total Fixed Assets | 3,797,000 | 2,448,000 | 4,224,000 | 4,518,000 | 4,829,000 | 9,304,000 | 8,590,000 | 6,011,000 | 7,076,591 | 3,920,188 | 3,870,310 | 4,134,039 | 4,518,399 | 4,908,841 | 5,061,888 |
| Stock & work in progress | 353,000 | 404,000 | 274,000 | 492,000 | 329,000 | 159,000 | 222,000 | 392,000 | 292,374 | 351,954 | 264,614 | 197,198 | 272,562 | 238,597 | 243,125 |
| Trade Debtors | 1,747,000 | 1,775,000 | 3,185,000 | 2,808,000 | 1,348,000 | 1,656,000 | 2,047,000 | 1,883,000 | 1,830,567 | 1,666,379 | 968,755 | 898,198 | 852,758 | 840,437 | 1,099,477 |
| Group Debtors | 23,000 | 3,248,000 | 5,000 | 1,539,000 | 708,000 | 1,012 | 840,166 | 377,578 | |||||||
| Misc Debtors | 144,000 | 188,000 | 600,000 | 283,000 | 277,000 | 264,000 | 348,000 | 558,000 | 229,381 | 306,819 | 215,304 | 251,965 | 125,113 | 177,564 | 146,663 |
| Cash | 5,000 | 8,000 | 250,000 | 1,063,061 | 500 | 500 | 500 | 500 | 499 | ||||||
| misc current assets | |||||||||||||||
| total current assets | 2,267,000 | 5,615,000 | 4,064,000 | 3,583,000 | 1,954,000 | 3,623,000 | 2,625,000 | 3,791,000 | 3,415,383 | 2,326,164 | 1,449,173 | 1,347,861 | 1,250,933 | 2,097,264 | 1,867,342 |
| total assets | 6,064,000 | 8,063,000 | 8,288,000 | 8,101,000 | 6,783,000 | 12,927,000 | 11,215,000 | 9,802,000 | 10,491,974 | 6,246,352 | 5,319,483 | 5,481,900 | 5,769,332 | 7,006,105 | 6,929,230 |
| Bank overdraft | 389,990 | 353,692 | 1,190,222 | 1,787,816 | 3,003,091 | 2,985,436 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 242,000 | 265,000 | 636,000 | 858,000 | 547,000 | 463,000 | 279,000 | 1,012,000 | 330,986 | 237,168 | 320,665 | 271,314 | 509,287 | 249,554 | 112,563 |
| Group/Directors Accounts | 3,320,000 | 55,000 | 1,000 | 3,161,427 | 498,132 | 801,581 | 508,368 | 431,451 | 1,278,683 | 1,356,895 | |||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 153,000 | 131,000 | 140,000 | 41,000 | 123,000 | 1,139 | 13,515 | 11,513 | 11,513 | 11,055 | 10,320 | 12,314 | |||
| other current liabilities | 840,000 | 863,000 | 732,000 | 874,000 | 511,000 | 559,000 | 683,000 | 587,000 | 1,458,799 | 1,036,768 | 671,348 | 789,573 | 804,348 | 611,223 | 502,542 |
| total current liabilities | 4,555,000 | 1,314,000 | 1,508,000 | 1,773,000 | 1,181,000 | 1,022,000 | 963,000 | 1,599,000 | 4,952,351 | 2,175,573 | 2,158,799 | 2,770,990 | 3,543,957 | 5,152,871 | 4,969,750 |
| loans | 1,845,000 | ||||||||||||||
| hp & lease commitments | 236,000 | 71,000 | 2,278 | 15,903 | 27,746 | 39,259 | 50,184 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 146,000 | 367,000 | 38,000 | ||||||||||||
| provisions | 112,000 | 154,000 | 189,616 | ||||||||||||
| total long term liabilities | 146,000 | 2,081,000 | 367,000 | 38,000 | 71,000 | 112,000 | 154,000 | 189,616 | 2,278 | 15,903 | 27,746 | 39,259 | 50,184 | ||
| total liabilities | 4,701,000 | 3,395,000 | 1,875,000 | 1,811,000 | 1,252,000 | 1,022,000 | 1,075,000 | 1,753,000 | 5,141,967 | 2,177,851 | 2,174,702 | 2,798,736 | 3,583,216 | 5,203,055 | 4,969,750 |
| net assets | 1,363,000 | 4,668,000 | 6,413,000 | 6,290,000 | 5,531,000 | 11,905,000 | 10,140,000 | 8,049,000 | 5,350,007 | 4,068,501 | 3,144,781 | 2,683,164 | 2,186,116 | 1,803,050 | 1,959,480 |
| total shareholders funds | 1,363,000 | 4,668,000 | 6,413,000 | 6,290,000 | 5,531,000 | 11,905,000 | 10,140,000 | 8,049,000 | 5,350,007 | 4,068,501 | 3,144,781 | 2,683,164 | 2,186,116 | 1,803,050 | 1,959,480 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Apr 2012 | Apr 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 148,000 | -1,774,000 | -303,000 | 694,000 | 1,303,000 | 1,548,000 | 2,129,000 | 1,533,000 | 1,648,895 | 927,873 | 677,606 | 729,430 | 605,162 | 452,022 | 655,274 |
| Depreciation | 104,000 | 100,000 | 327,000 | 309,000 | 277,000 | 128,000 | 148,000 | 51,000 | 92,236 | 107,876 | 126,405 | 142,716 | 154,314 | 163,590 | 147,233 |
| Amortisation | 188,000 | 528,000 | 83,000 | 92,000 | 98,000 | 191,000 | 292,000 | 188,000 | 173,396 | 275,282 | 244,599 | 244,600 | 244,599 | 233,798 | 28,466 |
| Tax | -111,000 | 375,000 | -57,000 | -130,000 | 61,000 | -368,038 | -239,490 | -213,192 | -220,859 | -188,432 | -179,666 | -4,909 | |||
| Stock | -51,000 | 130,000 | -218,000 | 163,000 | 170,000 | -63,000 | -170,000 | 40,046 | -59,580 | 87,340 | 67,416 | -75,364 | 33,965 | -4,528 | 243,125 |
| Debtors | -1,767,000 | -310,000 | 1,606,000 | 1,516,000 | -6,623,000 | 3,744,000 | 2,129,000 | 1,174,790 | 1,385,827 | 790,151 | 33,896 | 172,292 | -880,296 | 234,449 | 1,623,718 |
| Creditors | -23,000 | -371,000 | -222,000 | 311,000 | 84,000 | 184,000 | -733,000 | 774,832 | 93,818 | -83,497 | 49,351 | -237,973 | 259,733 | 136,991 | 112,563 |
| Accruals and Deferred Income | -23,000 | 131,000 | -142,000 | 363,000 | -48,000 | -124,000 | 96,000 | -449,768 | 422,031 | 365,420 | -118,225 | -14,775 | 193,125 | 108,681 | 502,542 |
| Deferred Taxes & Provisions | -112,000 | -42,000 | 154,000 | 189,616 | |||||||||||
| Cash flow from operations | 2,101,000 | -1,206,000 | -1,270,000 | 90,000 | 8,167,000 | -1,923,000 | -199,000 | 1,097,228 | 925,707 | 475,973 | 665,232 | 546,211 | 2,114,832 | 685,495 | -425,674 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -111,000 | 374,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 3,265,000 | 55,000 | -1,000 | 1,000 | -498,132 | 2,663,295 | -303,449 | 293,213 | 76,917 | -847,232 | -78,212 | 1,356,895 | |||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,845,000 | 1,845,000 | |||||||||||||
| Hire Purchase and Lease Commitments | -214,000 | 227,000 | 99,000 | -153,000 | 194,000 | -15,793 | -14,654 | -11,623 | -11,843 | -11,055 | -10,190 | 48,190 | 12,314 | ||
| other long term liabilities | 146,000 | -367,000 | 329,000 | 38,000 | |||||||||||
| share issue | |||||||||||||||
| interest | -56,000 | 29,000 | 51,000 | 65,000 | 455,000 | 274,000 | 92,000 | 23,000 | 649 | -3,535 | -2,797 | -11,523 | -33,664 | -31,786 | -49,920 |
| cash flow from financing | 1,295,000 | 1,789,000 | 479,000 | -50,000 | 649,000 | 273,000 | 93,000 | 1,872,574 | 2,649,290 | -318,607 | 278,573 | 54,339 | -891,086 | -61,808 | 2,678,324 |
| cash and cash equivalents | |||||||||||||||
| cash | -5,000 | -3,000 | -242,000 | 250,000 | 1,063,061 | -500 | 1 | 499 | |||||||
| overdraft | -389,990 | -389,990 | 36,298 | -836,530 | -597,594 | -1,215,275 | 17,655 | 2,985,436 | |||||||
| change in cash | -5,000 | -3,000 | -242,000 | 639,990 | 1,453,051 | -36,798 | 836,530 | 597,594 | 1,215,275 | -17,654 | -2,984,937 |
synlab laboratory services limited Credit Report and Business Information
Synlab Laboratory Services Limited Competitor Analysis
Perform a competitor analysis for synlab laboratory services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in NP7 area or any other competitors across 12 key performance metrics.
synlab laboratory services limited Ownership
SYNLAB LABORATORY SERVICES LIMITED group structure
Synlab Laboratory Services Limited has 1 subsidiary company.
Ultimate parent company
SYNLAB AG
#0131412
2 parents
SYNLAB LABORATORY SERVICES LIMITED
03216065
1 subsidiary
synlab laboratory services limited directors
Synlab Laboratory Services Limited currently has 2 directors. The longest serving directors include Mr Thomas Evans (Mar 2018) and Mr Adam Stretton (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Evans | England | 44 years | Mar 2018 | - | Director |
| Mr Adam Stretton | Wales | 48 years | Jan 2023 | - | Director |
P&L
December 2023turnover
9.5m
+15%
operating profit
148k
-108%
gross margin
74.4%
+10.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4m
-0.71%
total assets
6.1m
-0.25%
cash
0
0%
net assets
Total assets minus all liabilities
synlab laboratory services limited company details
company number
03216065
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
June 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
synergy health laboratory services limited (May 2017)
jmj laboratories limited (May 2009)
accountant
-
auditor
DELOITTE LLP
address
gavenny court brecon road, abergavenny, NP7 7RX
Bank
FORTIS BANK
Legal Advisor
-
synlab laboratory services 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 did not find charges/mortgages relating to synlab laboratory services limited.
synlab laboratory services limited Capital Raised & Share Issues BETA
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synlab laboratory services limited Companies House Filings - See Documents
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