cynergy bank plc

5

cynergy bank plc Company Information

Share CYNERGY BANK PLC
Live 
MatureMegaRapid

Company Number

04728421

Registered Address

4th floor one new change, london, EC4M 9AF

Industry

Banks

 

Telephone

03458505555

Next Accounts Due

June 2025

Group Structure

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Directors

Nicholas Fahy8 Years

Euan Hamilton8 Years

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Shareholders

cynergy capital limited 100%

cynergy bank plc Estimated Valuation

£847.9m

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

£5.8m

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

£1.7b

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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

1 Weak

size

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

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

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

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Cynergy Bank Plc

- - Industry AVG

employees

Employees

with 363 employees, this is above the industry average (166)

363 - Cynergy Bank Plc

166 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £889k, this is more efficient (£400.8k)

£889k - Cynergy Bank Plc

£400.8k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cynergy Bank Plc

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover322,712,000173,265,000106,385,000105,240,00085,346,00070,161,00055,339,00046,391,00038,576,00035,186,00039,919,00022,853,000445,000696,143766,356
Other Income Or Grants000000000000000
Cost Of Sales94,397,00736,415,40326,120,16129,531,19431,821,84123,895,41318,296,58420,642,92621,704,78722,730,00320,478,94611,365,221300,012696,143766,356
Gross Profit228,314,993136,849,59780,264,83975,708,80653,524,15946,265,58737,042,41625,748,07416,871,21312,455,99719,440,05411,487,779144,98800
Admin Expenses228,314,993136,849,59780,264,83948,363,35435,993,40240,797,52735,703,41633,620,78112,257,5758,679,25320,088,05616,214,844-148,773-626,783-333,022
Operating Profit00027,345,45217,530,7575,468,0601,339,000-7,872,7074,613,6383,776,744-648,002-4,727,065293,761626,783333,022
Interest Payable01,418,7301,862,8751,810,8771,996,4141,993,3091,936,9351,878,8441,954,0301,953,8351,991,5681,014,748293,76100
Interest Receivable31,269,92515,364,808714,048179,0051,155,7802,204,2611,660,898731,5511,845,3932,355,5732,127,570836,813000
Pre-Tax Profit55,157,00050,489,00030,400,00027,016,00016,571,0006,157,0001,916,000-8,112,0004,583,0004,189,000115,000-6,517,000000
Tax-14,544,000-10,233,000-5,471,000-6,188,000-3,052,000-1,557,000-1,055,000-908,000-979,000-888,000-627,0001,612,000000
Profit After Tax40,613,00040,256,00024,929,00020,828,00013,519,0004,600,000861,000-9,020,0003,604,0003,301,000-512,000-4,905,000000
Dividends Paid0000300,0000000000000
Retained Profit40,307,00040,213,00024,929,00020,828,00013,219,0004,600,000861,000-9,020,0003,604,0003,301,000-512,000-4,905,000000
Employee Costs49,464,00038,334,00028,874,00023,715,00026,015,00022,221,00018,689,00013,260,00010,042,0009,273,0008,086,0003,272,000000
Number Of Employees363323224235246242248225178173167157230
EBITDA*396,000378,0001,018,00028,646,45218,303,7575,468,0601,339,000-7,872,7074,613,6383,776,744-648,002-4,727,065293,761626,783333,022

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets220,620,000163,392,000162,527,00018,701,00022,218,00015,662,00016,173,00016,845,00011,578,00012,631,00010,952,00012,236,000000
Intangible Assets60,856,00039,360,00026,513,00019,712,0009,804,0001,010,0001,623,000840,000640,000683,000510,000426,000000
Investments & Other000000000000000
Debtors (Due After 1 year)00000000000009,012,60010,215,885
Total Fixed Assets281,476,000202,752,000189,040,00038,413,00032,022,00016,672,00017,796,00017,685,00012,218,00013,314,00011,462,00012,662,00009,012,60010,215,885
Stock & work in progress000000000000000
Trade Debtors3,631,965,0003,368,954,0003,004,161,0002,658,777,0002,328,128,0001,724,922,0001,432,426,0001,108,871,000841,934,000627,531,000560,410,000680,723,0007,506,0002,796,5422,761,337
Group Debtors000000000000011
Misc Debtors000000000000000
Cash697,790,000553,007,000324,982,000246,256,000111,754,000196,454,000391,349,000273,010,000312,231,000425,926,000516,303,000334,725,000000
misc current assets000001,249,000000000035,04538,165
total current assets4,329,755,0003,922,153,0003,329,143,0002,905,033,0002,439,882,0001,938,348,0001,859,322,0001,385,292,0001,156,645,0001,055,729,0001,079,375,0001,016,357,0007,506,0002,831,5882,799,503
total assets4,611,231,0004,124,905,0003,518,183,0002,943,446,0002,471,904,0001,955,020,0001,877,118,0001,402,977,0001,168,863,0001,069,043,0001,090,837,0001,029,019,0007,506,00011,844,18813,015,388
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 4,150,078,0003,730,450,0003,233,118,0002,693,144,0002,253,414,0001,763,574,0001,683,580,0001,285,784,0001,062,571,000968,597,000995,421,000931,572,0007,506,00000
Group/Directors Accounts00000000000002,805,3942,768,547
other short term finances0029,868,00029,744,00029,629,00029,524,00029,537,00030,061,00030,062,00030,062,00030,056,00031,223,000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities4,150,078,0003,730,450,0003,262,986,0002,722,888,0002,283,043,0001,804,773,0001,722,884,0001,322,210,0001,099,043,0001,002,827,0001,031,254,000968,924,0007,506,0002,805,3942,768,547
loans00000000000009,038,79310,246,840
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities111,717,00084,817,00034,332,00024,771,00022,211,00012,916,00041,516,00014,910,000000009,038,79310,246,840
total liabilities4,261,795,0003,815,267,0003,297,318,0002,747,659,0002,305,254,0001,817,689,0001,764,400,0001,337,120,0001,099,043,0001,002,827,0001,031,254,000968,924,0007,506,00011,844,18713,015,387
net assets349,436,000309,638,000220,865,000195,787,000166,650,000137,331,000112,718,00065,857,00069,820,00066,216,00059,583,00060,095,000011
total shareholders funds349,436,000309,638,000220,865,000195,787,000166,650,000137,331,000112,718,00065,857,00069,820,00066,216,00059,583,00060,095,000011
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit00027,345,45217,530,7575,468,0601,339,000-7,872,7074,613,6383,776,744-648,002-4,727,065293,761626,783333,022
Depreciation396,000378,0001,018,0001,301,000773,0000000000000
Amortisation000000000000000
Tax-14,544,000-10,233,000-5,471,000-6,188,000-3,052,000-1,557,000-1,055,000-908,000-979,000-888,000-627,0001,612,000000
Stock000000000000000
Debtors263,011,000364,793,000345,384,000330,649,000603,206,000292,496,000323,555,000266,937,000214,403,00067,121,000-120,313,000673,217,000-4,303,143-1,168,08012,977,223
Creditors419,628,000497,332,000539,974,000439,730,000489,840,00079,994,000397,796,000223,213,00093,974,000-26,824,00063,849,000924,066,0007,506,00000
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations142,469,000122,684,000190,137,000131,539,452-98,114,243-208,590,94074,525,000-52,504,707-116,794,362-91,056,256182,886,998247,733,93512,102,9041,794,863-12,644,201
Investing Activities
capital expenditure-79,120,000-14,090,000-151,645,000-7,692,000-16,123,0001,124,000-111,000-5,467,0001,096,000-1,852,0001,200,000-12,662,000000
Change in Investments000000000000000
cash flow from investments-79,120,000-14,090,000-151,645,000-7,692,000-16,123,0001,124,000-111,000-5,467,0001,096,000-1,852,0001,200,000-12,662,000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000-2,805,39436,8472,768,547
Other Short Term Loans 0-29,868,000124,000115,000105,000-13,000-524,000-1,00006,000-1,167,00031,223,000000
Long term loans000000000000-9,038,793-1,208,04710,246,840
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-509,00048,560,000149,0008,309,00016,100,00020,013,00046,000,0005,057,00003,332,000065,000,000-101
interest31,269,92513,946,078-1,148,827-1,631,872-840,634210,952-276,037-1,147,293-108,637401,738136,002-177,935-293,76100
cash flow from financing30,760,92532,638,078-875,8276,792,12815,364,36620,210,95245,199,9633,908,707-108,6373,739,738-1,030,99896,045,065-12,137,949-1,171,20013,015,388
cash and cash equivalents
cash144,783,000228,025,00078,726,000134,502,000-84,700,000-194,895,000118,339,000-39,221,000-113,695,000-90,377,000181,578,000334,725,000000
overdraft000000000000000
change in cash144,783,000228,025,00078,726,000134,502,000-84,700,000-194,895,000118,339,000-39,221,000-113,695,000-90,377,000181,578,000334,725,000000

cynergy bank plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cynergy Bank Plc Competitor Analysis

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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.

CYNERGY BANK PLC Shareholders

cynergy capital limited 100%

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).

officercountryagestartendrole
Mr Nicholas FahyEngland57 years Jan 2016- Director
Mr Euan HamiltonEngland63 years Mar 2016- Director
Mrs Kim RebecchiEngland58 years Jul 2017- Director
Mr Balbinder SohalEngland49 years Sep 2018- Director
Mr Pradip DhamechaEngland65 years Sep 2018- Director
Mr Michael NewmanUnited Kingdom63 years Sep 2019- Director
Mr Neil FullerEngland57 years Apr 2023- Director
Mrs Catherine MoroneyEngland62 years Nov 2023- Director

P&L

December 2023

turnover

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 2023

net 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.

charges

cynergy bank plc Companies House Filings - See Documents

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