Sychem Limited

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sychem limited Company Information

Live

MatureMidRapid

Company Number

04698955

Website

www.sychem.co.uk

Registered Address

sutherland house, 1759 london road, leigh on sea, essex, SS9 2RZ

Industry

Wholesale of chemical products

Telephone

08456446824

Next Accounts Due

4 days late

Group Structure

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Directors

Colin Wreyford21 Years

Michael Barnes21 Years

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Shareholders

ts group international limited 99.4%

daniel aaron harding 0.4%

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sychem limited Estimated Valuation

£7.6m

Pomanda estimates the enterprise value of SYCHEM LIMITED at £7.6m based on a Turnover of £15.4m and 0.49x industry multiple (adjusted for size and gross margin).

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Sychem Limited is a live company located in leigh on sea, SS9 2RZ with a Companies House number of 04698955. It operates in the wholesale of chemical products sector, SIC Code 46750. Founded in March 2003, it's largest shareholder is ts group international limited with a 99.4% stake. Sychem Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Sychem Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £15.4m, make it smaller than the average company (£21.1m)

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (4.4%)

EXPORT

Sychem Limited's latest turnover from December 2022 is estimated at £15.4 million and the company has net assets of £2.1 million. According to their latest financial statements, Sychem Limited has 51 employees and maintains cash reserves of £256.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	15,352,404	7,519,122	6,922,989	5,909,811	5,322,730	6,054,221	3,008,785	2,420,707	3,383,829	1,617,807	2,005,709	1,819,878	3,356,115	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,397,528	6,067,646	5,610,695	4,793,759	4,367,901	4,971,546	2,420,379	1,945,172	2,746,039	1,322,451	1,648,826	1,491,904	2,737,756	0
Gross Profit	2,954,876	1,451,476	1,312,294	1,116,051	954,830	1,082,675	588,405	475,534	637,790	295,356	356,883	327,973	618,359	0
Admin Expenses	3,041,457	1,283,830	1,142,976	1,004,053	690,968	885,031	453,285	300,732	571,083	232,324	79,454	-86,415	599,084	-131,328
Operating Profit	-86,581	167,646	169,318	111,998	263,862	197,644	135,120	174,802	66,707	63,032	277,429	414,388	19,275	131,328
Interest Payable	23	0	0	113	113	0	0	0	0	0	0	0	0	0
Interest Receivable	14,529	1,686	484	1,103	2,030	1,403	239	276	202	106	6	97	359	262
Pre-Tax Profit	-72,075	169,332	169,802	112,988	265,779	199,047	135,359	175,078	66,909	63,138	277,436	414,485	19,633	131,590
Tax	0	-32,173	-32,262	-21,468	-50,498	-37,819	-27,072	-35,015	-14,051	-14,522	-66,585	-107,766	-5,497	-36,845
Profit After Tax	-72,075	137,159	137,540	91,520	215,281	161,228	108,287	140,062	52,858	48,616	210,851	306,719	14,136	94,745
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-72,075	137,159	137,540	91,520	215,281	161,228	108,287	140,062	52,858	48,616	210,851	306,719	14,136	94,745
Employee Costs	3,197,756	956,787	223,452	224,089	382,038	461,999	817,563	248,721	287,477	139,110	139,196	187,656	325,112	0
Number Of Employees	51	17	4	4	7	9	16	5	6	3	3	4	7	0
EBITDA*	434	255,141	259,001	193,680	317,885	247,212	178,647	209,861	101,439	94,348	308,612	446,945	56,430	159,447

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	414,501	288,695	296,304	243,521	211,058	152,853	135,632	74,026	77,294	61,453	54,515	58,099	65,963	78,936
Intangible Assets	46,203	491,819	519,918	554,061	593,047	616,008	638,969	658,878	681,749	704,408	726,897	591,925	264,315	153,060
Investments & Other	0	0	0	0	0	105,075	105,075	100,898	100,898	100,898	100,898	100,898	100,898	100,898
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	460,704	780,514	816,222	797,582	804,105	873,936	879,676	833,802	859,941	866,759	882,310	750,922	431,176	332,894
Stock & work in progress	957,133	408,561	602,322	126,763	37,732	0	156,076	84,814	126,577	86,750	117,592	75,625	96,268	96,268
Trade Debtors	2,156,703	1,221,047	1,206,364	1,331,282	1,291,395	1,276,608	384,586	564,476	589,286	283,173	313,038	301,382	599,928	196,410
Group Debtors	656,157	553,356	135,400	301,804	274,983	0	0	0	0	0	0	0	0	0
Misc Debtors	144,717	79,212	42,097	74,075	69,766	97,852	80,170	39,923	0	0	0	0	0	0
Cash	256,906	573,326	775,500	192,572	101,599	439,671	121,333	69,671	40,723	40,048	2,336	79	38,748	104,750
misc current assets	0	0	0	0	0	27,889	0	0	0	0	0	0	0	0
total current assets	4,171,616	2,835,502	2,761,683	2,026,496	1,775,475	1,842,020	742,165	758,884	756,586	409,971	432,966	377,086	734,944	397,428
total assets	4,632,320	3,616,016	3,577,905	2,824,078	2,579,580	2,715,956	1,621,841	1,592,686	1,616,527	1,276,730	1,315,276	1,128,008	1,166,120	730,322
Bank overdraft	477	0	0	0	3,349	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	883,822	1,034,701	1,305,572	970,950	796,665	520,610	336,687	278,092	631,066	245,566	306,208	331,780	703,878	534,314
Group/Directors Accounts	2,845	626	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	45,371	13,927	24,231	13,056	24,114	8,219	5,489	0	0	0	0	0	0	0
other current liabilities	1,498,898	324,703	129,688	318,826	251,884	842,339	82,255	241,268	0	0	0	0	0	0
total current liabilities	2,431,413	1,373,957	1,459,491	1,302,832	1,076,012	1,371,168	424,431	519,360	631,066	245,566	306,208	331,780	703,878	534,314
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	77,102	26,667	40,593	31,431	20,911	17,860	9,740	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	68,838	88,958	88,538	143,234	245,344	273,516	300,350	339,082	91,296
provisions	26,878	46,390	45,978	43,512	127,874	118,588	120,438	114,801	112,302	108,753	107,101	78,278	12,279	7,967
total long term liabilities	103,980	73,057	86,571	74,943	148,785	205,286	219,136	203,339	255,536	354,097	380,617	378,628	351,361	99,263
total liabilities	2,535,393	1,447,014	1,546,062	1,377,775	1,224,797	1,576,454	643,567	722,699	886,602	599,663	686,825	710,408	1,055,239	633,577
net assets	2,096,927	2,169,002	2,031,843	1,446,303	1,354,783	1,139,502	978,274	869,987	729,925	677,067	628,451	417,600	110,881	96,745
total shareholders funds	2,096,927	2,169,002	2,031,843	1,446,303	1,354,783	1,139,502	978,274	869,987	729,925	677,067	628,451	417,600	110,881	96,745

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-86,581	167,646	169,318	111,998	263,862	197,644	135,120	174,802	66,707	63,032	277,429	414,388	19,275	131,328
Depreciation	78,795	59,396	55,540	38,596	31,062	26,607	20,657	12,188	12,073	9,821	9,687	11,062	15,660	19,899
Amortisation	8,220	28,099	34,143	43,086	22,961	22,961	22,870	22,871	22,659	21,495	21,496	21,495	21,495	8,220
Tax	0	-32,173	-32,262	-21,468	-50,498	-37,819	-27,072	-35,015	-14,051	-14,522	-66,585	-107,766	-5,497	-36,845
Stock	548,572	-193,761	475,559	89,031	37,732	-156,076	71,262	-41,763	39,827	-30,842	41,967	-20,643	0	96,268
Debtors	1,103,962	469,754	-323,300	71,017	261,684	909,704	-139,643	15,113	306,113	-29,865	11,656	-298,546	403,518	196,410
Creditors	-150,879	-270,871	334,622	174,285	276,055	183,923	58,595	-352,974	385,500	-60,642	-25,572	-372,098	169,564	534,314
Accruals and Deferred Income	1,174,195	195,015	-189,138	66,942	-590,455	760,084	-159,013	241,268	0	0	0	0	0	0
Deferred Taxes & Provisions	-19,512	412	2,466	-84,362	9,286	-1,850	5,637	2,499	3,549	1,652	28,823	65,999	4,312	7,967
Cash flow from operations	-648,296	-128,469	222,430	169,029	-337,143	397,922	125,175	92,289	130,497	81,543	191,655	352,269	-178,709	372,205
Investing Activities
capital expenditure	232,795	-51,787	-108,323	-75,159	-89,267	-43,828	-85,224	-8,920	-27,914	-15,765	-162,571	-352,303	-135,437	-260,115
Change in Investments	0	0	0	0	-105,075	0	4,177	0	0	0	0	0	0	100,898
cash flow from investments	232,795	-51,787	-108,323	-75,159	15,808	-43,828	-89,401	-8,920	-27,914	-15,765	-162,571	-352,303	-135,437	-361,013
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,219	626	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	81,879	-24,230	20,337	-538	18,946	10,850	15,229	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-68,838	-20,120	420	-54,696	-102,110	-28,172	-26,834	-38,732	247,786	91,296
share issue	0	0	448,000	0	0	0	0	0	0	0	0	0	0	2,000
interest	14,506	1,686	484	990	1,917	1,403	239	276	202	106	6	97	359	262
cash flow from financing	98,604	-21,918	468,821	452	-47,975	-7,867	15,888	-54,420	-101,908	-28,066	-26,828	-38,635	248,145	93,558
cash and cash equivalents
cash	-316,420	-202,174	582,928	90,973	-338,072	318,338	51,662	28,948	675	37,712	2,257	-38,669	-66,002	104,750
overdraft	477	0	0	-3,349	3,349	0	0	0	0	0	0	0	0	0
change in cash	-316,897	-202,174	582,928	94,322	-341,421	318,338	51,662	28,948	675	37,712	2,257	-38,669	-66,002	104,750

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for sychem limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in SS9 area or any other competitors across 12 key performance metrics.

SYCHEM LIMITED group structure

Sychem Limited has no subsidiary companies.

Ultimate parent company

TS GROUP INTERNATIONAL LIMITED

03841136

1 parent

SYCHEM LIMITED

04698955

SYCHEM LIMITED Shareholders

ts group international limited	99.36%
daniel aaron harding	0.43%
colin wreyford	0.21%

Sychem Limited currently has 7 directors. The longest serving directors include Mr Colin Wreyford (Mar 2003) and Mr Michael Barnes (Mar 2003).

officer	country	age	start	end	role
Mr Colin Wreyford	England	54 years	Mar 2003	-	Director
Mr Michael Barnes	England	59 years	Mar 2003	-	Director
Mrs Tania Barnes	England	56 years	Apr 2007	-	Director
Mr Daniel Harding	England	42 years	Jul 2009	-	Director
Mr Luke Barnes	United Kingdom	29 years	Jan 2022	-	Director
Mr Andrew Faulkner	United Kingdom	54 years	Jan 2024	-	Director
Mr Richard Clarke	United Kingdom	49 years	Jan 2024	-	Director

P&L

December 2022

turnover

15.4m

+104%

operating profit

-86.6k

gross margin

19.3%

-0.29%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

2.1m

-0.03%

total assets

4.6m

+0.28%

cash

256.9k

-0.55%

net assets

Total assets minus all liabilities

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company number

04698955

Type

Private limited with Share Capital

industry

46750 - Wholesale of chemical products

incorporation date

March 2003

accounts

Small Company

ultimate parent company

TS GROUP INTERNATIONAL LIMITED

previous names

N/A

last accounts submitted

December 2022

address

sutherland house, 1759 london road, leigh on sea, essex, SS9 2RZ

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 4 charges/mortgages relating to sychem limited. Currently there are 2 open charges and 2 have been satisfied in the past.

sychem limited Company Information

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sychem limited Estimated Valuation

sychem limited Estimated Valuation

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