Synalogik Innovative Solutions Limited

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synalogik innovative solutions limited Company Information

Live

YoungMidRapid

Company Number

11601168

Next Accounts

Sep 2025

Industry

Other information technology and computer service activities

Directors

Gareth Mussell

Andrew Hastie

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Shareholders

moorhampton investments ltd

sophie blandford

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Group Structure

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Contact

Registered Address

shell store canary drive, skylon park, hereford, HR2 6SR

Website

synalogik.com

synalogik innovative solutions limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of SYNALOGIK INNOVATIVE SOLUTIONS LIMITED at £4.1m based on a Turnover of £5.1m and 0.81x industry multiple (adjusted for size and gross margin).

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Synalogik Innovative Solutions Limited is a live company located in hereford, HR2 6SR with a Companies House number of 11601168. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 2018, it's largest shareholder is moorhampton investments ltd with a 19.3% stake. Synalogik Innovative Solutions Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Synalogik Innovative Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (8%)

EXPORT

Synalogik Innovative Solutions Limited's latest turnover from December 2023 is estimated at £5.1 million and the company has net assets of -£1.5 million. According to their latest financial statements, Synalogik Innovative Solutions Limited has 63 employees and maintains cash reserves of £685.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Turnover	5,110,843	3,273,646	3,639,728	1,504,960	240,265
Other Income Or Grants	0	0	0	0	0
Cost Of Sales	2,469,619	1,565,361	1,728,267	719,139	115,293
Gross Profit	2,641,225	1,708,285	1,911,461	785,821	124,972
Admin Expenses	5,713,827	4,452,463	2,751,934	1,455,362	675,759
Operating Profit	-3,072,602	-2,744,178	-840,473	-669,541	-550,787
Interest Payable	134,098	23,064	0	0	0
Interest Receivable	37,611	64,202	3,794	586	3,965
Pre-Tax Profit	-3,169,088	-2,703,040	-836,679	-668,955	-546,822
Tax	0	0	0	0	0
Profit After Tax	-3,169,088	-2,703,040	-836,679	-668,955	-546,822
Dividends Paid	0	0	0	0	0
Retained Profit	-3,169,088	-2,703,040	-836,679	-668,955	-546,822
Employee Costs	4,674,191	3,385,502	2,019,913	947,026	245,649
Number Of Employees	63	48	30	15	4
EBITDA*	-3,000,006	-2,671,474	-811,524	-653,042	-545,671

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Tangible Assets	89,134	127,666	120,981	35,648	18,288
Intangible Assets	0	0	0	0	0
Investments & Other	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0
Total Fixed Assets	89,134	127,666	120,981	35,648	18,288
Stock & work in progress	194,194	190,550	0	0	0
Trade Debtors	418,092	147,016	493,591	207,497	5,519
Group Debtors	0	0	0	0	0
Misc Debtors	77,450	1,011,885	0	409,872	136,542
Cash	685,604	747,213	2,921,484	113,861	1,057,294
misc current assets	0	0	0	0	0
total current assets	1,375,340	2,096,664	3,415,075	731,230	1,199,355
total assets	1,464,474	2,224,330	3,536,056	766,878	1,217,643
Bank overdraft	0	0	0	0	0
Bank loan	168,934	118,738	0	0	0
Trade Creditors	65,651	123,280	469,325	14,087	11,429
Group/Directors Accounts	0	0	0	0	0
other short term finances	0	0	0	0	0
hp & lease commitments	0	0	0	0	0
other current liabilities	1,009,447	1,455,437	0	212,018	26,486
total current liabilities	1,244,032	1,697,455	469,325	226,105	37,915
loans	1,729,470	366,815	0	0	0
hp & lease commitments	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0
other liabilities	0	0	359,631	0	0
provisions	0	0	0	0	0
total long term liabilities	1,729,470	366,815	359,631	0	0
total liabilities	2,973,502	2,064,270	828,956	226,105	37,915
net assets	-1,509,028	160,060	2,707,100	540,773	1,179,728
total shareholders funds	-1,509,028	160,060	2,707,100	540,773	1,179,728

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Operating Profit	-3,072,602	-2,744,178	-840,473	-669,541	-550,787
Depreciation	72,596	72,704	28,949	16,499	5,116
Amortisation	0	0	0	0	0
Tax	0	0	0	0	0
Stock	3,644	190,550	0	0	0
Debtors	-663,359	665,310	-123,778	475,308	142,061
Creditors	-57,629	-346,045	455,238	2,658	11,429
Accruals and Deferred Income	-445,990	1,455,437	-212,018	185,532	26,486
Deferred Taxes & Provisions	0	0	0	0	0
Cash flow from operations	-2,843,910	-2,417,942	-444,526	-940,160	-649,817
Investing Activities
capital expenditure	-34,064	-79,389	-114,282	-33,859	-23,404
Change in Investments	0	0	0	0	0
cash flow from investments	-34,064	-79,389	-114,282	-33,859	-23,404
Financing Activities
Bank loans	50,196	118,738	0	0	0
Group/Directors Accounts	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0
Long term loans	1,362,655	366,815	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0
other long term liabilities	0	-359,631	359,631	0	0
share issue	1,500,000	156,000	3,003,006	30,000	1,726,550
interest	-96,487	41,138	3,794	586	3,965
cash flow from financing	2,816,364	323,060	3,366,431	30,586	1,730,515
cash and cash equivalents
cash	-61,609	-2,174,271	2,807,623	-943,433	1,057,294
overdraft	0	0	0	0	0
change in cash	-61,609	-2,174,271	2,807,623	-943,433	1,057,294

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SYNALOGIK INNOVATIVE SOLUTIONS LIMITED group structure

Synalogik Innovative Solutions Limited has no subsidiary companies.

Ultimate parent company

SYNALOGIK INNOVATIVE SOLUTIONS LIMITED

11601168

SYNALOGIK INNOVATIVE SOLUTIONS LIMITED Shareholders

moorhampton investments ltd	19.32%
sophie blandford	13.5%
gareth mussell	10.07%
white skies ltd	8.07%
howard wilding	7.44%
winforton investments limited	7.3%
rockridge investments sa ltd	5.87%
terence leahy	5.65%
andrew hastie	4.12%
catherine emma currie	3.9%

Synalogik Innovative Solutions Limited currently has 4 directors. The longest serving directors include Mr Gareth Mussell (Oct 2018) and Mr Andrew Hastie (Oct 2018).

officer	country	age	start	end	role
Mr Gareth Mussell	United Kingdom	41 years	Oct 2018	-	Director
Mr Andrew Hastie	United Kingdom	64 years	Oct 2018	-	Director
Mr Grant Williams	United Kingdom	46 years	Sep 2019	-	Director
Mr John Taylor	United Kingdom	53 years	Apr 2024	-	Director

P&L

December 2023

turnover

5.1m

+56%

operating profit

-3.1m

gross margin

51.7%

-0.97%

turnover

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

Balance Sheet

December 2023

net assets

-1.5m

-10.43%

total assets

1.5m

-0.34%

cash

685.6k

-0.08%

net assets

Total assets minus all liabilities

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company number

11601168

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 2018

ultimate parent company

None

previous names

N/A

address

shell store canary drive, skylon park, hereford, HR2 6SR

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 1 charges/mortgages relating to synalogik innovative solutions limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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synalogik innovative solutions limited Company Information

synalogik innovative solutions limited Estimated Valuation

synalogik innovative solutions limited Estimated Valuation

synalogik innovative solutions limited Estimated Valuation

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