sync technologies limited

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sync technologies limited Company Information

Share SYNC TECHNOLOGIES LIMITED

Company Number

10436069

Shareholders

flyway technologies inc

Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

c/o praxis 1 poultry, london, EC2R 8EJ

Website

-

sync technologies limited Estimated Valuation

£196

Pomanda estimates the enterprise value of SYNC TECHNOLOGIES LIMITED at £196 based on a Turnover of £229 and 0.85x industry multiple (adjusted for size and gross margin).

sync technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SYNC TECHNOLOGIES LIMITED at £0 based on an EBITDA of £0 and a 3.57x industry multiple (adjusted for size and gross margin).

sync technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SYNC TECHNOLOGIES LIMITED at £0 based on Net Assets of £-11.7k and 1.31x industry multiple (adjusted for liquidity).

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Sync Technologies Limited Overview

Sync Technologies Limited is a live company located in london, EC2R 8EJ with a Companies House number of 10436069. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2016, it's largest shareholder is flyway technologies inc with a 100% stake. Sync Technologies Limited is a young, micro sized company, Pomanda has estimated its turnover at £229.5 with declining growth in recent years.

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Sync Technologies Limited Health Check

Pomanda's financial health check has awarded Sync Technologies Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £229.5, make it smaller than the average company (£18.9m)

£229.5 - Sync Technologies Limited

£18.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -86%, show it is growing at a slower rate (10.5%)

-86% - Sync Technologies Limited

10.5% - Industry AVG

production

Production

with a gross margin of 21.4%, this company has a higher cost of product (36.3%)

21.4% - Sync Technologies Limited

36.3% - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Sync Technologies Limited

- - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (105)

1 - Sync Technologies Limited

105 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.7k, the company has an equivalent pay structure (£44.7k)

£44.7k - Sync Technologies Limited

£44.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £229.5, this is less efficient (£191.1k)

£229.5 - Sync Technologies Limited

£191.1k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Sync Technologies Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 151 days, this is slower than average (44 days)

151 days - Sync Technologies Limited

44 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Sync Technologies Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Sync Technologies Limited

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Sync Technologies Limited

- - Industry AVG

SYNC TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Sync Technologies Limited's latest turnover from December 2023 is estimated at £230 and the company has net assets of -£11.7 thousand. According to their latest financial statements, we estimate that Sync Technologies Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Oct 2019Oct 2018Oct 2017
Turnover23053,52183,24081,04482,35581,6076
Other Income Or Grants
Cost Of Sales18042,27766,55165,32366,30665,9085
Gross Profit4911,24416,68815,72116,04915,6991
Admin Expenses4915,34824,26515,72116,04915,699
Operating Profit-4,104-7,5771
Interest Payable
Interest Receivable
Pre-Tax Profit-4,104-7,5771
Tax
Profit After Tax-4,104-7,5771
Dividends Paid
Retained Profit-4,104-7,5771
Employee Costs44,67241,89239,76538,57136,65634,71633,323
Number Of Employees1111111
EBITDA*-4,104-7,5771

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Oct 2019Oct 2018Oct 2017
Tangible Assets2
Intangible Assets
Investments & Other1,6501,650221
Debtors (Due After 1 year)
Total Fixed Assets1,6501,650223
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors1,335111
Cash
misc current assets
total current assets1,335111
total assets2,9851,651333
Bank overdraft
Bank loan
Trade Creditors 75752
Group/Directors Accounts11,60411,60410,5601,650
other short term finances
hp & lease commitments
other current liabilities22
total current liabilities11,67911,67910,5601,650222
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities11,67911,67910,5601,650222
net assets-11,679-11,679-7,5751111
total shareholders funds-11,679-11,679-7,5751111
Dec 2023Dec 2022Dec 2021Dec 2020Oct 2019Oct 2018Oct 2017
Operating Activities
Operating Profit-4,104-7,5771
Depreciation
Amortisation
Tax
Stock
Debtors-1,3351,3341
Creditors75-22
Accruals and Deferred Income-22
Deferred Taxes & Provisions
Cash flow from operations-2,694-8,911-2-13
Investing Activities
capital expenditure2-2
Change in Investments-1,6501,64811
cash flow from investments1,650-1,6481-3
Financing Activities
Bank loans
Group/Directors Accounts1,0448,9101,650
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1
interest
cash flow from financing1,0448,9111,650
cash and cash equivalents
cash
overdraft
change in cash

sync technologies limited 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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Sync Technologies Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sync technologies limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC2R area or any other competitors across 12 key performance metrics.

sync technologies limited Ownership

SYNC TECHNOLOGIES LIMITED group structure

Sync Technologies Limited has 2 subsidiary companies.

Ultimate parent company

FLYWAY TECHNOLOGIES INC

#0143346

1 parent

SYNC TECHNOLOGIES LIMITED

10436069

2 subsidiaries

SYNC TECHNOLOGIES LIMITED Shareholders

flyway technologies inc 100%

sync technologies limited directors

Sync Technologies Limited currently has 1 director, Mr Nikolaos Drandakis serving since Oct 2016.

officercountryagestartendrole
Mr Nikolaos DrandakisUnited Kingdom61 years Oct 2016- Director

P&L

December 2023

turnover

229.5

-100%

operating profit

0

0%

gross margin

21.4%

+1.71%

turnover

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

Balance Sheet

December 2023

net assets

-11.7k

0%

total assets

0

0%

cash

0

0%

net assets

Total assets minus all liabilities

sync technologies limited company details

company number

10436069

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

October 2016

age

9

incorporated

UK

ultimate parent company

FLYWAY TECHNOLOGIES INC

accounts

Dormant

last accounts submitted

December 2023

previous names

viral code limited (May 2021)

accountant

PRAXIS

auditor

-

address

c/o praxis 1 poultry, london, EC2R 8EJ

Bank

-

Legal Advisor

-

sync technologies 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 sync technologies limited.

sync technologies limited 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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sync technologies limited Companies House Filings - See Documents

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