cynergy bank plc Company Information
Company Number
04728421
Registered Address
4th floor one new change, london, EC4M 9AF
Industry
Banks
Telephone
03458505555
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
cynergy capital limited 100%
cynergy bank plc Estimated Valuation
Pomanda estimates the enterprise value of CYNERGY BANK PLC at £847.9m based on a Turnover of £322.7m and 2.63x industry multiple (adjusted for size and gross margin).
cynergy bank plc Estimated Valuation
Pomanda estimates the enterprise value of CYNERGY BANK PLC at £5.8m based on an EBITDA of £396k and a 14.72x industry multiple (adjusted for size and gross margin).
cynergy bank plc Estimated Valuation
Pomanda estimates the enterprise value of CYNERGY BANK PLC at £1.7b based on Net Assets of £349.4m and 4.73x industry multiple (adjusted for liquidity).
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Cynergy Bank Plc Overview
Cynergy Bank Plc is a live company located in london, EC4M 9AF with a Companies House number of 04728421. It operates in the banks sector, SIC Code 64191. Founded in April 2003, it's largest shareholder is cynergy capital limited with a 100% stake. Cynergy Bank Plc is a mature, mega sized company, Pomanda has estimated its turnover at £322.7m with rapid growth in recent years.
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Cynergy Bank Plc Health Check
Pomanda's financial health check has awarded Cynergy Bank Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
1 Weak
Size
annual sales of £322.7m, make it larger than the average company (£88.1m)
£322.7m - Cynergy Bank Plc
£88.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (19.2%)
45% - Cynergy Bank Plc
19.2% - Industry AVG
Production
with a gross margin of 70.8%, this company has a comparable cost of product (70.8%)
70.8% - Cynergy Bank Plc
70.8% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Cynergy Bank Plc
- - Industry AVG
Employees
with 363 employees, this is above the industry average (166)
363 - Cynergy Bank Plc
166 - Industry AVG
Pay Structure
on an average salary of £136.3k, the company has a higher pay structure (£97.6k)
£136.3k - Cynergy Bank Plc
£97.6k - Industry AVG
Efficiency
resulting in sales per employee of £889k, this is more efficient (£400.8k)
£889k - Cynergy Bank Plc
£400.8k - Industry AVG
Debtor Days
it gets paid by customers after 4107 days, this is earlier than average (5479 days)
4107 days - Cynergy Bank Plc
5479 days - Industry AVG
Creditor Days
its suppliers are paid after 16046 days, this is slower than average (86 days)
16046 days - Cynergy Bank Plc
86 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cynergy Bank Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is average cash available to meet short term requirements (10 weeks)
8 weeks - Cynergy Bank Plc
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.4%, this is a similar level of debt than the average (90.6%)
92.4% - Cynergy Bank Plc
90.6% - Industry AVG
CYNERGY BANK PLC financials
Cynergy Bank Plc's latest turnover from December 2023 is £322.7 million and the company has net assets of £349.4 million. According to their latest financial statements, Cynergy Bank Plc has 363 employees and maintains cash reserves of £697.8 million 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 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 322,712,000 | 173,265,000 | 106,385,000 | 105,240,000 | 85,346,000 | 70,161,000 | 55,339,000 | 46,391,000 | 38,576,000 | 35,186,000 | 39,919,000 | 22,853,000 | 445,000 | 696,143 | 766,356 |
Other Income Or Grants | 0 | 0 | |||||||||||||
Cost Of Sales | 696,143 | 766,356 | |||||||||||||
Gross Profit | 0 | 0 | |||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | 0 | 0 | 0 | ||||||||||||
Interest Payable | 0 | 0 | |||||||||||||
Interest Receivable | 0 | 0 | |||||||||||||
Pre-Tax Profit | 55,157,000 | 50,489,000 | 30,400,000 | 27,016,000 | 16,571,000 | 6,157,000 | 1,916,000 | -8,112,000 | 4,583,000 | 4,189,000 | 115,000 | -6,517,000 | 0 | 0 | 0 |
Tax | -14,544,000 | -10,233,000 | -5,471,000 | -6,188,000 | -3,052,000 | -1,557,000 | -1,055,000 | -908,000 | -979,000 | -888,000 | -627,000 | 1,612,000 | 0 | 0 | 0 |
Profit After Tax | 40,613,000 | 40,256,000 | 24,929,000 | 20,828,000 | 13,519,000 | 4,600,000 | 861,000 | -9,020,000 | 3,604,000 | 3,301,000 | -512,000 | -4,905,000 | 0 | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 40,307,000 | 40,213,000 | 24,929,000 | 20,828,000 | 13,219,000 | 4,600,000 | 861,000 | -9,020,000 | 3,604,000 | 3,301,000 | -512,000 | -4,905,000 | 0 | 0 | 0 |
Employee Costs | 49,464,000 | 38,334,000 | 28,874,000 | 23,715,000 | 26,015,000 | 22,221,000 | 18,689,000 | 13,260,000 | 10,042,000 | 9,273,000 | 8,086,000 | 3,272,000 | 0 | 0 | 0 |
Number Of Employees | 363 | 323 | 224 | 235 | 246 | 242 | 248 | 225 | 178 | 173 | 167 | 157 | |||
EBITDA* | 396,000 | 378,000 | 1,018,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 220,620,000 | 163,392,000 | 162,527,000 | 18,701,000 | 22,218,000 | 15,662,000 | 16,173,000 | 16,845,000 | 11,578,000 | 12,631,000 | 10,952,000 | 12,236,000 | 0 | 0 | 0 |
Intangible Assets | 60,856,000 | 39,360,000 | 26,513,000 | 19,712,000 | 9,804,000 | 1,010,000 | 1,623,000 | 840,000 | 640,000 | 683,000 | 510,000 | 426,000 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,012,600 | 10,215,885 |
Total Fixed Assets | 281,476,000 | 202,752,000 | 189,040,000 | 38,413,000 | 32,022,000 | 16,672,000 | 17,796,000 | 17,685,000 | 12,218,000 | 13,314,000 | 11,462,000 | 12,662,000 | 0 | 9,012,600 | 10,215,885 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 3,631,965,000 | 3,368,954,000 | 3,004,161,000 | 2,658,777,000 | 2,328,128,000 | 1,724,922,000 | 1,432,426,000 | 1,108,871,000 | 841,934,000 | 627,531,000 | 560,410,000 | 680,723,000 | 7,506,000 | 2,796,542 | 2,761,337 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 697,790,000 | 553,007,000 | 324,982,000 | 246,256,000 | 111,754,000 | 196,454,000 | 391,349,000 | 273,010,000 | 312,231,000 | 425,926,000 | 516,303,000 | 334,725,000 | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 1,249,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,045 | 38,165 |
total current assets | 4,329,755,000 | 3,922,153,000 | 3,329,143,000 | 2,905,033,000 | 2,439,882,000 | 1,938,348,000 | 1,859,322,000 | 1,385,292,000 | 1,156,645,000 | 1,055,729,000 | 1,079,375,000 | 1,016,357,000 | 7,506,000 | 2,831,588 | 2,799,503 |
total assets | 4,611,231,000 | 4,124,905,000 | 3,518,183,000 | 2,943,446,000 | 2,471,904,000 | 1,955,020,000 | 1,877,118,000 | 1,402,977,000 | 1,168,863,000 | 1,069,043,000 | 1,090,837,000 | 1,029,019,000 | 7,506,000 | 11,844,188 | 13,015,388 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
Trade Creditors | 4,150,078,000 | 3,730,450,000 | 3,233,118,000 | 2,693,144,000 | 2,253,414,000 | 1,763,574,000 | 1,683,580,000 | 1,285,784,000 | 1,062,571,000 | 968,597,000 | 995,421,000 | 931,572,000 | 7,506,000 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,805,394 | 2,768,547 |
other short term finances | 0 | 0 | 29,868,000 | 29,744,000 | 29,629,000 | 29,524,000 | 29,537,000 | 30,061,000 | 30,062,000 | 30,062,000 | 30,056,000 | 31,223,000 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 4,150,078,000 | 3,730,450,000 | 3,262,986,000 | 2,722,888,000 | 2,283,043,000 | 1,804,773,000 | 1,722,884,000 | 1,322,210,000 | 1,099,043,000 | 1,002,827,000 | 1,031,254,000 | 968,924,000 | 7,506,000 | 2,805,394 | 2,768,547 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,038,793 | 10,246,840 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 111,717,000 | 84,817,000 | 34,332,000 | 24,771,000 | 22,211,000 | 12,916,000 | 41,516,000 | 14,910,000 | 0 | 0 | 0 | 0 | 0 | 9,038,793 | 10,246,840 |
total liabilities | 4,261,795,000 | 3,815,267,000 | 3,297,318,000 | 2,747,659,000 | 2,305,254,000 | 1,817,689,000 | 1,764,400,000 | 1,337,120,000 | 1,099,043,000 | 1,002,827,000 | 1,031,254,000 | 968,924,000 | 7,506,000 | 11,844,187 | 13,015,387 |
net assets | 349,436,000 | 309,638,000 | 220,865,000 | 195,787,000 | 166,650,000 | 137,331,000 | 112,718,000 | 65,857,000 | 69,820,000 | 66,216,000 | 59,583,000 | 60,095,000 | 0 | 1 | 1 |
total shareholders funds | 349,436,000 | 309,638,000 | 220,865,000 | 195,787,000 | 166,650,000 | 137,331,000 | 112,718,000 | 65,857,000 | 69,820,000 | 66,216,000 | 59,583,000 | 60,095,000 | 0 | 1 | 1 |
Dec 2023 | 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 | 0 | 0 | 0 | ||||||||||||
Depreciation | 396,000 | 378,000 | 1,018,000 | 1,301,000 | 773,000 | 0 | 0 | ||||||||
Amortisation | 0 | 0 | |||||||||||||
Tax | -14,544,000 | -10,233,000 | -5,471,000 | -6,188,000 | -3,052,000 | -1,557,000 | -1,055,000 | -908,000 | -979,000 | -888,000 | -627,000 | 1,612,000 | 0 | 0 | 0 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 263,011,000 | 364,793,000 | 345,384,000 | 330,649,000 | 603,206,000 | 292,496,000 | 323,555,000 | 266,937,000 | 214,403,000 | 67,121,000 | -120,313,000 | 673,217,000 | -4,303,143 | -1,168,080 | 12,977,223 |
Creditors | 419,628,000 | 497,332,000 | 539,974,000 | 439,730,000 | 489,840,000 | 79,994,000 | 397,796,000 | 223,213,000 | 93,974,000 | -26,824,000 | 63,849,000 | 924,066,000 | 7,506,000 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,805,394 | 36,847 | 2,768,547 |
Other Short Term Loans | 0 | -29,868,000 | 124,000 | 115,000 | 105,000 | -13,000 | -524,000 | -1,000 | 0 | 6,000 | -1,167,000 | 31,223,000 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,038,793 | -1,208,047 | 10,246,840 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 0 | 0 | |||||||||||||
cash flow from financing | -1,171,200 | 13,015,388 | |||||||||||||
cash and cash equivalents | |||||||||||||||
cash | 144,783,000 | 228,025,000 | 78,726,000 | 134,502,000 | -84,700,000 | -194,895,000 | 118,339,000 | -39,221,000 | -113,695,000 | -90,377,000 | 181,578,000 | 334,725,000 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 144,783,000 | 228,025,000 | 78,726,000 | 134,502,000 | -84,700,000 | -194,895,000 | 118,339,000 | -39,221,000 | -113,695,000 | -90,377,000 | 181,578,000 | 334,725,000 | 0 | 0 | 0 |
cynergy bank plc Credit Report and Business Information
Cynergy Bank Plc Competitor Analysis
Perform a competitor analysis for cynergy bank plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC4M area or any other competitors across 12 key performance metrics.
cynergy bank plc Ownership
CYNERGY BANK PLC group structure
Cynergy Bank Plc has 4 subsidiary companies.
Ultimate parent company
1 parent
CYNERGY BANK PLC
04728421
4 subsidiaries
cynergy bank plc directors
Cynergy Bank Plc currently has 8 directors. The longest serving directors include Mr Nicholas Fahy (Jan 2016) and Mr Euan Hamilton (Mar 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Nicholas Fahy | England | 57 years | Jan 2016 | - | Director |
Mr Euan Hamilton | England | 63 years | Mar 2016 | - | Director |
Mrs Kim Rebecchi | England | 58 years | Jul 2017 | - | Director |
Mr Balbinder Sohal | England | 49 years | Sep 2018 | - | Director |
Mr Pradip Dhamecha | England | 65 years | Sep 2018 | - | Director |
Mr Michael Newman | United Kingdom | 63 years | Sep 2019 | - | Director |
Mr Neil Fuller | England | 57 years | Apr 2023 | - | Director |
Mrs Catherine Moroney | England | 62 years | Nov 2023 | - | Director |
P&L
December 2023turnover
322.7m
+86%
operating profit
0
0%
gross margin
70.8%
-10.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
349.4m
+0.13%
total assets
4.6b
+0.12%
cash
697.8m
+0.26%
net assets
Total assets minus all liabilities
cynergy bank plc company details
company number
04728421
Type
Public limited with Share Capital
industry
64191 - Banks
incorporation date
April 2003
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
cynergy bank limited (May 2024)
bank of cyprus uk limited (December 2018)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
4th floor one new change, london, EC4M 9AF
Bank
-
Legal Advisor
-
cynergy bank plc 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 1 charges/mortgages relating to cynergy bank plc. Currently there are 0 open charges and 1 have been satisfied in the past.
cynergy bank plc Companies House Filings - See Documents
date | description | view/download |
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