Pomanda estimates the enterprise value of SYNECORE LTD at £2.8m based on a Turnover of £5m and 0.56x industry multiple (adjusted for size and gross margin).
synecore ltdEstimated Valuation
£1.9m
Pomanda estimates the enterprise value of SYNECORE LTD at £1.9m based on an EBITDA of £527.1k and a 3.69x industry multiple (adjusted for size and gross margin).
synecore ltdEstimated Valuation
£3m
Pomanda estimates the enterprise value of SYNECORE LTD at £3m based on Net Assets of £1.5m and 1.96x industry multiple (adjusted for liquidity).
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Synecore LtdOverview
Synecore Ltd is a live company located in kent, ME10 5BH with a Companies House number of 05420500. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 2005, it's largest shareholder is
andwis group limited
with a 100% stake. Synecore Ltd is a mature,
mid sized company, Pomanda has estimated its turnover at
£5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Synecore Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
6 Strong
1 Regular
5 Weak
Size
annual sales of £8.3m, make it larger than the average company (£890.6k)
£8.3m - Synecore Ltd
£890.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (5.8%)
58% - Synecore Ltd
5.8% - Industry AVG
Production
with a gross margin of 29.9%, this company has a higher cost of product (41.2%)
29.9% - Synecore Ltd
41.2% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (6.6%)
4.5% - Synecore Ltd
6.6% - Industry AVG
Employees
with 52 employees, this is above the industry average (14)
52 - Synecore Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.3k, the company has an equivalent pay structure (£30.3k)
£30.3k - Synecore Ltd
£30.3k - Industry AVG
Efficiency
resulting in sales per employee of £159.4k, this is more efficient (£87.1k)
£159.4k - Synecore Ltd
£87.1k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (30 days)
56 days - Synecore Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (39 days)
54 days - Synecore Ltd
39 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (37 days)
2 days - Synecore Ltd
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 20 weeks, this is less cash available to meet short term requirements (46 weeks)
20 weeks - Synecore Ltd
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.4%, this is a higher level of debt than the average (44.7%)
50.4% - Synecore Ltd
44.7% - Industry AVG
SYNECORE LTD financials
EXPORT
Synecore Ltd's latest turnover from December 2023 is estimated at £5 million and the company has net assets of £1.5 million. According to their latest financial statements, Synecore Ltd has 58 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Turnover
5,037,994
8,289,246
9,457,654
3,621,529
2,109,551
4,702,241
3,749,181
5,201,699
4,292,889
2,987,108
1,769,962
1,396,204
1,932,210
1,101,595
562,882
Other Income Or Grants
Cost Of Sales
3,999,876
5,814,894
6,922,152
2,983,049
1,699,917
3,804,406
3,016,931
4,136,035
3,380,301
2,331,867
1,402,864
1,086,897
1,516,765
855,834
431,098
Gross Profit
1,038,118
2,474,352
2,535,502
638,479
409,634
897,835
732,250
1,065,665
912,588
655,241
367,098
309,307
415,445
245,760
131,784
Admin Expenses
573,188
2,101,860
1,839,963
777,174
517,474
581,450
351,469
299,251
640,849
608,447
102,543
290,990
371,410
245,178
118,232
Operating Profit
464,930
372,492
695,539
-138,695
-107,840
316,385
380,781
766,414
271,739
46,794
264,555
18,317
44,035
582
13,552
Interest Payable
20,832
32,266
10,032
Interest Receivable
60,389
64
1,850
1,467
8,323
4,569
1,468
1,717
1,251
951
596
16
16
Pre-Tax Profit
504,488
340,226
685,571
-136,846
-106,373
324,707
385,351
767,881
273,456
48,045
265,506
18,913
44,051
599
13,553
Tax
-126,122
-55,767
-190,420
-61,694
-73,217
-145,897
-54,691
-9,609
-55,756
-4,350
-10,572
-156
-3,795
Profit After Tax
378,366
284,459
495,151
-136,846
-106,373
263,013
312,134
621,984
218,765
38,436
209,750
14,563
33,479
443
9,758
Dividends Paid
430,000
Retained Profit
378,366
-145,541
495,151
-136,846
-106,373
263,013
312,134
621,984
218,765
38,436
209,750
14,563
33,479
443
9,758
Employee Costs
2,000,725
1,577,119
1,419,358
1,053,351
1,068,358
945,336
798,293
670,658
688,942
474,394
288,628
234,060
308,036
177,684
98,303
Number Of Employees
58
52
49
38
40
35
31
27
26
18
11
9
12
7
4
EBITDA*
527,105
503,709
822,816
-14,475
8,632
442,684
448,211
839,498
314,208
94,523
300,940
32,433
49,956
3,963
17,450
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Tangible Assets
398,763
486,168
488,072
381,293
329,792
397,787
226,174
273,649
203,665
185,923
128,309
56,684
30,878
14,887
16,279
Intangible Assets
1,875
2,250
2,625
3,000
3,375
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
398,763
488,043
490,322
383,918
332,792
401,162
226,174
273,649
203,665
185,923
128,309
56,684
30,878
14,887
16,279
Stock & work in progress
55,730
39,976
28,093
17,221
15,055
16,125
12,342
10,450
25,789
17,541
Trade Debtors
1,606,195
1,274,772
1,409,530
1,179,451
491,930
1,701,058
1,342,889
1,794,423
925,130
597,620
428,624
268,616
471,098
271,575
131,125
Group Debtors
Misc Debtors
523,012
610,773
362,914
4,196
Cash
1,081,048
519,029
1,219,490
2,002,395
1,696,604
1,237,417
981,989
845,676
328,441
358,401
142,139
238,417
2
6,336
181
misc current assets
30,774
7,112
1,956
7,784
total current assets
3,265,985
2,444,550
3,020,027
3,181,846
2,188,534
2,986,470
2,347,045
2,642,055
1,261,355
956,021
586,888
519,375
481,550
303,700
153,043
total assets
3,664,748
2,932,593
3,510,349
3,565,764
2,521,326
3,387,632
2,573,219
2,915,704
1,465,020
1,141,944
715,197
576,059
512,428
318,587
169,322
Bank overdraft
Bank loan
Trade Creditors
1,468,518
873,666
1,428,504
1,407,835
824,562
1,546,534
1,042,634
1,662,266
867,928
737,651
392,478
497,750
451,131
306,291
157,469
Group/Directors Accounts
75,284
34,169
other short term finances
hp & lease commitments
51,372
74,908
other current liabilities
418,382
360,653
314,345
total current liabilities
2,013,556
1,343,396
1,742,849
1,407,835
824,562
1,546,534
1,042,634
1,662,266
867,928
737,651
392,478
497,750
451,131
306,291
157,469
loans
370,339
hp & lease commitments
31,528
Accruals and Deferred Income
17,021
15,750
11,747
2,747
other liabilities
56,831
134,167
635,641
56,264
70,196
40,014
72,026
46,100
61,143
32,371
7,807
10,538
provisions
71,036
77,645
92,732
42,177
23,543
30,551
14,504
21,482
22,046
35,716
21,350
11,254
6,074
1,090
1,090
total long term liabilities
102,564
134,476
597,238
677,818
79,807
117,768
70,268
105,255
70,893
96,859
53,721
19,061
16,612
1,090
1,090
total liabilities
2,116,120
1,477,872
2,340,087
2,085,653
904,369
1,664,302
1,112,902
1,767,521
938,821
834,510
446,199
516,811
467,743
307,381
158,559
net assets
1,548,628
1,454,721
1,170,262
1,480,111
1,616,957
1,723,330
1,460,317
1,148,183
526,199
307,434
268,998
59,248
44,685
11,206
10,763
total shareholders funds
1,548,628
1,454,721
1,170,262
1,480,111
1,616,957
1,723,330
1,460,317
1,148,183
526,199
307,434
268,998
59,248
44,685
11,206
10,763
Dec 2023
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
May 2016
May 2015
May 2014
May 2013
May 2012
May 2011
May 2010
Operating Activities
Operating Profit
464,930
372,492
695,539
-138,695
-107,840
316,385
380,781
766,414
271,739
46,794
264,555
18,317
44,035
582
13,552
Depreciation
61,957
130,842
126,902
123,845
116,097
125,924
67,430
73,084
42,469
47,729
36,385
14,116
5,921
3,381
3,898
Amortisation
218
375
375
375
375
375
Tax
-126,122
-55,767
-190,420
-61,694
-73,217
-145,897
-54,691
-9,609
-55,756
-4,350
-10,572
-156
-3,795
Stock
27,637
11,883
28,093
-17,221
2,166
15,055
-16,125
3,783
1,892
-15,339
8,248
17,541
Debtors
356,763
113,101
592,993
687,521
-1,209,128
358,169
-451,534
869,293
327,510
168,996
160,008
-202,482
199,523
136,254
135,321
Creditors
40,014
-554,838
20,669
583,273
-721,972
503,900
-619,632
794,338
130,277
345,173
-105,272
46,619
144,840
148,822
157,469
Accruals and Deferred Income
104,037
46,308
314,345
-17,021
1,271
4,003
9,000
2,747
Deferred Taxes & Provisions
-21,696
-15,087
50,555
18,634
-7,008
16,047
-6,978
-564
-13,670
14,366
10,096
5,180
4,984
1,090
Cash flow from operations
138,938
-200,659
396,879
-100,089
488,980
541,873
188,866
627,082
51,361
291,582
-13,783
280,472
5,024
8,127
19,352
Investing Activities
capital expenditure
29,384
-128,938
-233,681
-175,346
-48,102
-301,287
-19,955
-143,068
-60,211
-105,343
-108,010
-39,922
-21,912
-1,989
-20,177
Change in Investments
cash flow from investments
29,384
-128,938
-233,681
-175,346
-48,102
-301,287
-19,955
-143,068
-60,211
-105,343
-108,010
-39,922
-21,912
-1,989
-20,177
Financing Activities
Bank loans
Group/Directors Accounts
75,284
34,169
Other Short Term Loans
Long term loans
-370,339
-370,339
370,339
Hire Purchase and Lease Commitments
82,900
74,908
other long term liabilities
-134,167
-77,336
-501,474
579,377
-13,932
30,182
-32,012
25,926
-15,043
28,772
24,564
-2,731
10,538
share issue
430,000
-805,000
1,005
interest
39,557
-32,266
-9,968
1,850
1,467
8,323
4,569
1,468
1,717
1,251
951
596
16
16
cash flow from financing
-306,765
59,136
-946,103
581,227
-12,465
38,505
-27,443
27,394
-13,326
30,023
25,515
-2,135
10,554
16
1,005
cash and cash equivalents
cash
-138,442
-700,461
-782,905
305,791
459,187
255,428
136,313
517,235
-29,960
216,262
-96,278
238,415
-6,334
6,155
181
overdraft
change in cash
-138,442
-700,461
-782,905
305,791
459,187
255,428
136,313
517,235
-29,960
216,262
-96,278
238,415
-6,334
6,155
181
synecore ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for synecore ltd. Get real-time insights into synecore ltd's credit score, group structure and payment trends.
Perform a competitor analysis for synecore ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in ME10 area or any other competitors across 12 key performance metrics.
unit 1 conqueror court, sittingbourne, kent, ME10 5BH
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synecore ltd 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 3 charges/mortgages relating to synecore ltd. Currently there are 1 open charges and 2 have been satisfied in the past.
synecore ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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synecore ltdCompanies House Filings - See Documents
