Cynectics Limited

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cynectics limited Company Information

Live

EstablishedSmallDeclining

Company Number

07388461

Website

Registered Address

suite 2378, 37 westminster build, theatre square, nottingham, nottinghamshire, NG1 6LG

Industry

Computer consultancy activities

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

Suraj Amin14 Years

Shareholders

suraj amin 100%

cynectics limited Estimated Valuation

£276.9k

Pomanda estimates the enterprise value of CYNECTICS LIMITED at £276.9k based on a Turnover of £520.3k and 0.53x industry multiple (adjusted for size and gross margin).

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Cynectics Limited is a live company located in nottingham, NG1 6LG with a Companies House number of 07388461. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2010, it's largest shareholder is suraj amin with a 100% stake. Cynectics Limited is a established, small sized company, Pomanda has estimated its turnover at £520.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Cynectics Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £520.3k, make it smaller than the average company (£950.1k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.6%)

EXPORT

Cynectics Limited's latest turnover from September 2023 is estimated at £520.3 thousand and the company has net assets of £93.7 thousand. According to their latest financial statements, Cynectics Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Turnover	520,341	507,807	563,311	613,694	695,570	1,079,640	698,063	743,121	1,019,103	791,445	874,956	652,222	224,316
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	382,724	365,141	416,638	433,638	489,068	763,277	488,497	502,199	705,514	533,647	572,519	420,833	148,944
Gross Profit	137,617	142,666	146,674	180,056	206,502	316,363	209,566	240,922	313,589	257,798	302,436	231,390	75,372
Admin Expenses	128,153	200,716	223,302	241,151	194,694	440,350	47,693	91,672	302,990	266,450	311,458	155,416	-55,968
Operating Profit	9,464	-58,050	-76,628	-61,095	11,808	-123,987	161,873	149,250	10,599	-8,652	-9,022	75,974	131,340
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	26	17	34	52	8	34	297	270
Pre-Tax Profit	9,464	-58,050	-76,628	-61,095	11,809	-123,961	161,890	149,284	10,651	-8,644	-8,988	76,271	131,609
Tax	-2,366	0	0	0	-2,244	0	-30,759	-29,857	-2,130	0	0	-18,305	-34,218
Profit After Tax	7,098	-58,050	-76,628	-61,095	9,565	-123,961	131,131	119,427	8,521	-8,644	-8,988	57,966	97,391
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,098	-58,050	-76,628	-61,095	9,565	-123,961	131,131	119,427	8,521	-8,644	-8,988	57,966	97,391
Employee Costs	54,090	50,069	46,927	44,069	50,564	324,166	50,398	57,839	286,500	229,237	272,109	217,441	106,966
Number Of Employees	1	1	1	1	1	6	1	1	5	4	5	4	2
EBITDA*	9,464	-58,050	-76,628	-61,095	11,808	-123,426	162,527	150,121	11,593	-8,652	-9,022	76,068	131,465

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Tangible Assets	2,893	3,825	3,534	2,616	1,749	1,682	1,962	2,616	2,982	539	539	281	375
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	1	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	2,893	3,825	3,534	2,616	1,749	1,682	1,962	2,616	2,983	539	539	281	375
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	276,360	279,032	340,368	399,076	448,408	505,056	485,627	322,630	233,082	216,111	235,000	180,155	54,890
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	40	7,020	6,845	20,202	631	2,582	10,913	107,985
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	276,360	279,032	340,368	399,076	448,408	505,096	492,647	329,475	253,284	216,742	237,582	191,068	162,875
total assets	279,253	282,857	343,902	401,692	450,157	506,778	494,609	332,091	256,267	217,281	238,121	191,349	163,250
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	183,480	194,542	197,897	179,419	167,149	192,643	97,504	62,895	0	79,555	91,751	35,991	65,858
Group/Directors Accounts	0	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
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	0	0	0	0	0	0	0
total current liabilities	183,480	194,542	197,897	179,419	167,149	192,643	97,504	62,895	0	79,555	91,751	35,991	65,858
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	2,040	1,680	1,320	960	600	40,600	300	3,522	0	0	0	0	0
other liabilities	0	0	0	0	0	691	0	0	110,020	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,040	1,680	1,320	960	600	41,291	300	3,522	110,020	0	0	0	0
total liabilities	185,520	196,222	199,217	180,379	167,749	233,934	97,804	66,417	110,020	79,555	91,751	35,991	65,858
net assets	93,733	86,635	144,685	221,313	282,408	272,844	396,805	265,674	146,247	137,726	146,370	155,358	97,392
total shareholders funds	93,733	86,635	144,685	221,313	282,408	272,844	396,805	265,674	146,247	137,726	146,370	155,358	97,392

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011
Operating Activities
Operating Profit	9,464	-58,050	-76,628	-61,095	11,808	-123,987	161,873	149,250	10,599	-8,652	-9,022	75,974	131,340
Depreciation	0	0	0	0	0	561	654	871	994	0	0	94	125
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,366	0	0	0	-2,244	0	-30,759	-29,857	-2,130	0	0	-18,305	-34,218
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-2,672	-61,336	-58,708	-49,332	-56,648	19,429	162,997	89,548	16,971	-18,889	54,845	125,265	54,890
Creditors	-11,062	-3,355	18,478	12,270	-25,494	95,139	34,609	62,895	-79,555	-12,196	55,760	-29,867	65,858
Accruals and Deferred Income	360	360	360	360	-40,000	40,300	-3,222	3,522	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-932	291	918	867	718	-7,416	158	97,133	-87,063	-1,959	-8,107	-97,369	108,215
Investing Activities
capital expenditure	932	-291	-918	-867	-67	-281	0	-505	-3,437	0	-258	0	-500
Change in Investments	0	0	0	0	0	0	0	-1	1	0	0	0	0
cash flow from investments	932	-291	-918	-867	-67	-281	0	-504	-3,438	0	-258	0	-500
Financing Activities
Bank loans	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	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-691	691	0	-110,020	110,020	0	0	0	0
share issue	0	0	0	0	-1	0	0	0	0	0	0	0	1
interest	0	0	0	0	0	26	17	34	52	8	34	297	270
cash flow from financing	0	0	0	0	-692	717	17	-109,986	110,072	8	34	297	271
cash and cash equivalents
cash	0	0	0	0	-40	-6,980	175	-13,357	19,571	-1,951	-8,331	-97,072	107,985
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-40	-6,980	175	-13,357	19,571	-1,951	-8,331	-97,072	107,985

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CYNECTICS LIMITED group structure

Cynectics Limited has no subsidiary companies.

Ultimate parent company

CYNECTICS LIMITED

07388461

CYNECTICS LIMITED Shareholders

suraj amin

100%

Cynectics Limited currently has 1 director, Mr Suraj Amin serving since Sep 2010.

officer	country	age	start	end	role
Mr Suraj Amin	England	45 years	Sep 2010	-	Director

P&L

September 2023

turnover

520.3k

+2%

operating profit

9.5k

gross margin

26.5%

-5.86%

turnover

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

Balance Sheet

September 2023

net assets

93.7k

+0.08%

total assets

279.3k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

07388461

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

September 2010

ultimate parent company

None

previous names

N/A

address

suite 2378, 37 westminster build, theatre square, nottingham, nottinghamshire, NG1 6LG

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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cynectics limited Company Information

cynectics limited Estimated Valuation

cynectics limited Estimated Valuation

cynectics limited Estimated Valuation

Cynectics Limited Overview

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