Synergy Wealth Management Limited

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synergy wealth management limited Company Information

Company Number

07002314

Next Accounts

May 2025

Directors

Catherine Yates

Shareholders

catherine wendy yates

Group Structure

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Industry

Activities of insurance agents and brokers

Registered Address

3 eastland close, west cross, swansea, SA3 5NJ

Website

www.synergy.tppowered.com

synergy wealth management limited Estimated Valuation

£59.8k

Pomanda estimates the enterprise value of SYNERGY WEALTH MANAGEMENT LIMITED at £59.8k based on Net Assets of £31.5k and 1.9x industry multiple (adjusted for liquidity).

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Synergy Wealth Management Limited is a live company located in swansea, SA3 5NJ with a Companies House number of 07002314. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in August 2009, it's largest shareholder is catherine wendy yates with a 100% stake. Synergy Wealth Management Limited is a established, micro sized company, Pomanda has estimated its turnover at £64.5k with low growth in recent years.

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Pomanda's financial health check has awarded Synergy Wealth Management Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £64.5k, make it smaller than the average company (£2.6m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.8%)

EXPORT

Synergy Wealth Management Limited's latest turnover from August 2023 is estimated at £64.5 thousand and the company has net assets of £31.5 thousand. According to their latest financial statements, Synergy Wealth Management Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Turnover	64,495	61,319	60,169	60,988	59,147	54,797	14,572	0	385	2,449	605	520	20,158
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	22,900	22,377	24,395	24,025	27,903	22,588	6,830	0	182	1,216	354	301	11,826
Gross Profit	41,595	38,942	35,775	36,963	31,244	32,209	7,742	0	203	1,233	251	219	8,332
Admin Expenses	35,934	33,780	34,423	33,442	32,347	27,168	-11,937	458	130	1,563	-467	5,733	1,351
Operating Profit	5,661	5,162	1,352	3,521	-1,103	5,041	19,679	-458	73	-330	718	-5,514	6,981
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	50	21	12	28	22	15	24	0
Pre-Tax Profit	5,661	5,162	1,352	3,521	-1,103	5,091	19,700	-446	101	-308	732	-5,490	6,981
Tax	-1,415	-981	-257	-669	0	-967	-3,743	0	-20	0	-168	0	-1,270
Profit After Tax	4,246	4,181	1,095	2,852	-1,103	4,124	15,957	-446	81	-308	564	-5,490	5,711
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,246	4,181	1,095	2,852	-1,103	4,124	15,957	-446	81	-308	564	-5,490	5,711
Employee Costs	48,679	49,086	50,204	48,440	46,492	43,804	43,129	0	42,517	40,959	40,465	39,510	39,651
Number Of Employees	1	1	1	1	1	1	1	0	1	1	1	1	1
EBITDA*	5,661	5,162	1,352	3,521	-1,103	5,041	19,787	-350	181	-216	870	-5,311	7,251

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Tangible Assets	0	520	250	500	0	0	18	126	234	342	455	607	810
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	0	520	250	500	0	0	18	126	234	342	455	607	810
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	34,230	28,523	24,098	23,105	25,415	32,366	6,700	0	0	1,431	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	13,318	3,235	6,099	5,086	3,521	2,363	7,171
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	34,230	28,523	24,098	23,105	25,415	32,366	20,018	3,235	6,099	6,517	3,521	2,363	7,171
total assets	34,230	29,043	24,348	23,605	25,415	32,366	20,036	3,361	6,333	6,859	3,976	2,970	7,981
Bank overdraft	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
Trade Creditors	2,766	1,825	1,311	1,663	6,325	12,173	0	0	5,774	6,381	3,190	2,748	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	309
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	3,966	3,248	0	0	0	0	1,960
total current liabilities	2,766	1,825	1,311	1,663	6,325	12,173	3,966	3,248	5,774	6,381	3,190	2,748	2,269
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	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
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	2,766	1,825	1,311	1,663	6,325	12,173	3,966	3,248	5,774	6,381	3,190	2,748	2,269
net assets	31,464	27,218	23,037	21,942	19,090	20,193	16,070	113	559	478	786	222	5,712
total shareholders funds	31,464	27,218	23,037	21,942	19,090	20,193	16,070	113	559	478	786	222	5,712

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Operating Activities
Operating Profit	5,661	5,162	1,352	3,521	-1,103	5,041	19,679	-458	73	-330	718	-5,514	6,981	0
Depreciation	0	0	0	0	0	0	108	108	108	114	152	203	270	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,415	-981	-257	-669	0	-967	-3,743	0	-20	0	-168	0	-1,270	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	5,707	4,425	993	-2,310	-6,951	25,666	6,700	0	-1,431	1,431	0	0	0	0
Creditors	941	514	-352	-4,662	-5,848	12,173	0	-5,774	-607	3,191	442	2,748	0	0
Accruals and Deferred Income	0	0	0	0	0	-3,966	718	3,248	0	0	0	-1,960	1,960	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-520	270	-250	500	0	-13,385	10,062	-2,876	985	1,544	1,144	-4,523	7,941	0
Investing Activities
capital expenditure	520	-270	250	-500	0	18	0	0	0	-1	0	0	-1,080	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	520	-270	250	-500	0	18	0	0	0	-1	0	0	-1,080	0
Financing Activities
Bank loans	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	-309	309	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	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
share issue	0	0	0	0	0	-1	0	0	0	0	0	0	1	0
interest	0	0	0	0	0	50	21	12	28	22	15	24	0	0
cash flow from financing	0	0	0	0	0	49	21	12	28	22	15	-285	310	0
cash and cash equivalents
cash	0	0	0	0	0	-13,318	10,083	-2,864	1,013	1,565	1,158	-4,808	7,171	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-13,318	10,083	-2,864	1,013	1,565	1,158	-4,808	7,171	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SYNERGY WEALTH MANAGEMENT LIMITED group structure

Synergy Wealth Management Limited has no subsidiary companies.

Ultimate parent company

SYNERGY WEALTH MANAGEMENT LIMITED

07002314

SYNERGY WEALTH MANAGEMENT LIMITED Shareholders

catherine wendy yates

100%

Synergy Wealth Management Limited currently has 1 director, Ms Catherine Yates serving since Aug 2009.

officer	country	age	start	end	role
Ms Catherine Yates		70 years	Aug 2009	-	Director

P&L

August 2023

turnover

64.5k

+5%

operating profit

5.7k

gross margin

64.5%

+1.55%

turnover

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

Balance Sheet

August 2023

net assets

31.5k

+0.16%

total assets

34.2k

+0.18%

cash

net assets

Total assets minus all liabilities

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company number

07002314

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

August 2009

ultimate parent company

None

previous names

N/A

address

3 eastland close, west cross, swansea, SA3 5NJ

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.

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synergy wealth management limited Company Information

synergy wealth management limited Estimated Valuation

synergy wealth management limited Estimated Valuation

synergy wealth management limited Estimated Valuation

Synergy Wealth Management Limited Overview

Synergy Wealth Management Limited Health Check

SYNERGY WEALTH MANAGEMENT LIMITED financials

synergy wealth management limited Credit Report and Business Information

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synergy wealth management limited Ownership

synergy wealth management limited directors

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