synectics medical limited
synectics medical limited Company Information
Company Number
09043744
Website
www.synmed.co.ukRegistered Address
48 fanshawe crescent, ware, hertfordshire, SG12 0AS
Industry
Manufacture of medical and dental instruments and supplies
Hospital activities
Telephone
01992782570
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
stuart blyth 50%
geoffrey blyth 50%
synectics medical limited Estimated Valuation
Pomanda estimates the enterprise value of SYNECTICS MEDICAL LIMITED at £2.2m based on a Turnover of £3.4m and 0.66x industry multiple (adjusted for size and gross margin).
synectics medical limited Estimated Valuation
Pomanda estimates the enterprise value of SYNECTICS MEDICAL LIMITED at £1.8m based on an EBITDA of £408.5k and a 4.48x industry multiple (adjusted for size and gross margin).
synectics medical limited Estimated Valuation
Pomanda estimates the enterprise value of SYNECTICS MEDICAL LIMITED at £1.9m based on Net Assets of £809.9k and 2.39x industry multiple (adjusted for liquidity).
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Synectics Medical Limited Overview
Synectics Medical Limited is a live company located in hertfordshire, SG12 0AS with a Companies House number of 09043744. It operates in the manufacture of medical and dental instruments and supplies sector, SIC Code 32500. Founded in May 2014, it's largest shareholder is stuart blyth with a 50% stake. Synectics Medical Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.
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Synectics Medical Limited Health Check
Pomanda's financial health check has awarded Synectics Medical Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £3.4m, make it smaller than the average company (£10.5m)
- Synectics Medical Limited
£10.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.3%)
- Synectics Medical Limited
6.3% - Industry AVG
Production
with a gross margin of 37.1%, this company has a comparable cost of product (37.1%)
- Synectics Medical Limited
37.1% - Industry AVG
Profitability
an operating margin of 10.8% make it more profitable than the average company (7.5%)
- Synectics Medical Limited
7.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (64)
12 - Synectics Medical Limited
64 - Industry AVG
Pay Structure
on an average salary of £39.3k, the company has an equivalent pay structure (£39.3k)
- Synectics Medical Limited
£39.3k - Industry AVG
Efficiency
resulting in sales per employee of £281.8k, this is more efficient (£123.6k)
- Synectics Medical Limited
£123.6k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (37 days)
- Synectics Medical Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (36 days)
- Synectics Medical Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 96 days, this is more than average (50 days)
- Synectics Medical Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (27 weeks)
21 weeks - Synectics Medical Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.4%, this is a similar level of debt than the average (46.9%)
47.4% - Synectics Medical Limited
46.9% - Industry AVG
synectics medical limited Credit Report and Business Information
Synectics Medical Limited Competitor Analysis
Perform a competitor analysis for synectics medical limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
synectics medical limited Ownership
SYNECTICS MEDICAL LIMITED group structure
Synectics Medical Limited has no subsidiary companies.
Ultimate parent company
SYNECTICS MEDICAL LIMITED
09043744
synectics medical limited directors
Synectics Medical Limited currently has 2 directors. The longest serving directors include Mr Stuart Blyth (May 2014) and Mr Geoffrey Blyth (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Blyth | England | 40 years | May 2014 | - | Director |
| Mr Geoffrey Blyth | England | 65 years | Aug 2014 | - | Director |
SYNECTICS MEDICAL LIMITED financials
Synectics Medical Limited's latest turnover from May 2023 is estimated at £3.4 million and the company has net assets of £809.9 thousand. According to their latest financial statements, Synectics Medical Limited has 12 employees and maintains cash reserves of £306 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 12 | 12 | 12 | 12 | 12 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 139,361 | 64,409 | 67,333 | 83,882 | 110,106 | 117,021 | 109,022 | 30,703 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 139,361 | 64,409 | 67,333 | 83,882 | 110,106 | 117,021 | 109,022 | 30,703 | 0 |
| Stock & work in progress | 559,431 | 605,315 | 619,193 | 1,351,060 | 342,400 | 0 | 0 | 0 | 0 |
| Trade Debtors | 515,016 | 373,683 | 324,528 | 234,419 | 264,271 | 773,835 | 1,205,880 | 931,386 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 20,127 | 22,657 | 24,971 | 18,398 | 14,934 | 0 | 0 | 0 | 0 |
| Cash | 305,979 | 390,542 | 746,268 | 402,845 | 303,629 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,400,553 | 1,392,197 | 1,714,960 | 2,006,722 | 925,234 | 773,835 | 1,205,880 | 931,386 | 0 |
| total assets | 1,539,914 | 1,456,606 | 1,782,293 | 2,090,604 | 1,035,340 | 890,856 | 1,314,902 | 962,089 | 0 |
| Bank overdraft | 0 | 0 | 45,874 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 544,130 | 564,727 | 639,361 | 694,391 | 489,124 | 591,637 | 1,069,280 | 840,702 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 185,897 | 366,975 | 302,738 | 644,810 | 145,262 | 0 | 0 | 0 | 0 |
| total current liabilities | 730,027 | 931,702 | 987,973 | 1,339,201 | 634,386 | 591,637 | 1,069,280 | 840,702 | 0 |
| loans | 0 | 0 | 203,126 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 300,000 | 470,614 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 503,126 | 470,614 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 730,027 | 931,702 | 1,491,099 | 1,809,815 | 634,386 | 591,637 | 1,069,280 | 840,702 | 0 |
| net assets | 809,887 | 524,904 | 291,194 | 280,789 | 400,954 | 299,219 | 245,622 | 121,387 | 0 |
| total shareholders funds | 809,887 | 524,904 | 291,194 | 280,789 | 400,954 | 299,219 | 245,622 | 121,387 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 44,243 | 18,873 | 20,612 | 33,585 | |||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | -45,884 | -13,878 | -731,867 | 1,008,660 | 342,400 | 0 | 0 | 0 | 0 |
| Debtors | 138,803 | 46,841 | 96,682 | -26,388 | -494,630 | -432,045 | 274,494 | 931,386 | 0 |
| Creditors | -20,597 | -74,634 | -55,030 | 205,267 | -102,513 | -477,643 | 228,578 | 840,702 | 0 |
| Accruals and Deferred Income | -181,078 | 64,237 | -342,072 | 499,548 | 145,262 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -203,126 | 203,126 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -300,000 | -170,614 | 470,614 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -84,563 | -355,726 | 343,423 | 99,216 | 303,629 | 0 | 0 | 0 | 0 |
| overdraft | 0 | -45,874 | 45,874 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -84,563 | -309,852 | 297,549 | 99,216 | 303,629 | 0 | 0 | 0 | 0 |
P&L
May 2023turnover
3.4m
+17%
operating profit
364.3k
0%
gross margin
37.2%
-5.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
809.9k
+0.54%
total assets
1.5m
+0.06%
cash
306k
-0.22%
net assets
Total assets minus all liabilities
synectics medical limited company details
company number
09043744
Type
Private limited with Share Capital
industry
32500 - Manufacture of medical and dental instruments and supplies
86101 - Hospital activities
incorporation date
May 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
48 fanshawe crescent, ware, hertfordshire, SG12 0AS
last accounts submitted
May 2023
synectics medical limited 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 did not find charges/mortgages relating to synectics medical limited.
synectics medical limited Companies House Filings - See Documents
| date | description | view/download |
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