Synaptec Ltd

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synaptec ltd Company Information

Live

EstablishedSmallRapid

Company Number

SC472060

Next Accounts

Sep 2025

Industry

Engineering related scientific and technical consulting activities

Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

Directors

Philip Orr

Campbell Booth

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Shareholders

megger systems limited

foresight fund managers limited

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Group Structure

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Contact

Registered Address

2 atlantic square, 31 york street, glasgow, G2 8AS

Website

www.synaptec.org

synaptec ltd Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of SYNAPTEC LTD at £4.6m based on Net Assets of £1.8m and 2.5x industry multiple (adjusted for liquidity).

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Synaptec Ltd is a live company located in glasgow, G2 8AS with a Companies House number of SC472060. It operates in the manufacture of electronic measuring, testing etc. equipment, not for industrial process control sector, SIC Code 26511. Founded in March 2014, it's largest shareholder is megger systems limited with a 18.3% stake. Synaptec Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Synaptec Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£7.2m)

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (7.2%)

EXPORT

Synaptec Ltd's latest turnover from December 2023 is estimated at £3.5 million and the company has net assets of £1.8 million. According to their latest financial statements, Synaptec Ltd has 32 employees and maintains cash reserves of £799.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Turnover	3,499,459	1,735,150	1,638,401	896,570	872,004	395,441	396,020	265,980	547,486	62,956
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,170,191	1,099,529	1,020,518	555,924	538,297	245,685	237,184	158,106	327,061	37,665
Gross Profit	1,329,269	635,621	617,883	340,646	333,707	149,756	158,836	107,874	220,425	25,291
Admin Expenses	2,816,877	2,138,788	1,207,917	775,407	539,035	142,433	214,236	105,631	220,703	25,235
Operating Profit	-1,487,608	-1,503,167	-590,034	-434,761	-205,328	7,323	-55,400	2,243	-278	56
Interest Payable	0	10,522	13,665	6,581	0	0	0	0	0	0
Interest Receivable	84,743	71,014	5,041	2,554	11,219	2,902	2,375	735	199	20
Pre-Tax Profit	-1,402,865	-1,442,675	-598,658	-438,788	-194,109	10,225	-53,025	2,961	16	76
Tax	0	0	0	0	0	-1,943	0	-592	-3	-16
Profit After Tax	-1,402,865	-1,442,675	-598,658	-438,788	-194,109	8,282	-53,025	2,369	13	60
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,402,865	-1,442,675	-598,658	-438,788	-194,109	8,282	-53,025	2,369	13	60
Employee Costs	1,724,707	1,372,090	1,042,221	790,553	538,670	298,137	240,068	140,863	232,155	45,742
Number Of Employees	32	26	20	16	11	6	5	3	5	1
EBITDA*	-1,415,018	-1,449,122	-562,806	-416,931	-188,904	11,125	-55,400	2,243	-278	56

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Tangible Assets	160,014	151,175	101,295	49,592	54,529	12,470	15,622	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	250	250	250	250	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	160,264	151,425	101,545	49,842	54,529	12,470	15,622	0	0	0
Stock & work in progress	419,577	304,751	273,835	105,253	62,323	52,014	43,959	30,058	0	0
Trade Debtors	651,592	107,759	249,424	48,936	0	41,219	0	57,600	0	7,590
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	329,891	352,889	316,180	242,733	204,752	13,962	30,093	500	1,588	0
Cash	799,214	2,429,079	1,628,851	2,404,135	2,703,489	288,291	485,474	464,433	109,778	7,903
misc current assets	0	0	0	0	0	30,734	0	0	0	0
total current assets	2,200,274	3,194,478	2,468,290	2,801,057	2,970,564	426,220	559,526	552,591	111,366	15,493
total assets	2,360,538	3,345,903	2,569,835	2,850,899	3,025,093	438,690	575,148	552,591	111,366	15,493
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	222,958	64,374	59,906	18,729	17,257	22,825	10,435	529	81,191	15,330
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	313,633	152,404	68,488	54,742	7,380	56,521	213,651	147,975	0	0
total current liabilities	536,591	216,778	128,394	73,471	24,637	79,346	224,086	148,504	81,191	15,330
loans	0	0	221,512	215,760	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	194,000	0	0	0	0	0	0	0
other liabilities	0	48,500	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	48,500	415,512	215,760	0	0	0	0	0	0
total liabilities	536,591	265,278	543,906	289,231	24,637	79,346	224,086	148,504	81,191	15,330
net assets	1,823,947	3,080,625	2,025,929	2,561,668	3,000,456	359,344	351,062	404,087	30,175	163
total shareholders funds	1,823,947	3,080,625	2,025,929	2,561,668	3,000,456	359,344	351,062	404,087	30,175	163

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014
Operating Activities
Operating Profit	-1,487,608	-1,503,167	-590,034	-434,761	-205,328	7,323	-55,400	2,243	-278	56
Depreciation	72,590	54,045	27,228	17,830	16,424	3,802	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-1,943	0	-592	-3	-16
Stock	114,826	30,916	168,582	42,930	10,309	8,055	13,901	30,058	0	0
Debtors	520,835	-104,956	273,935	86,917	149,571	25,088	-28,007	56,512	-6,002	7,590
Creditors	158,584	4,468	41,177	1,472	-5,568	12,390	9,906	-80,662	65,861	15,330
Accruals and Deferred Income	161,229	-110,084	207,746	47,362	-49,141	-157,130	65,676	147,975	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,730,866	-1,480,698	-756,400	-497,944	-403,493	-168,701	34,288	-17,606	71,582	7,780
Investing Activities
capital expenditure	-81,429	-103,925	-78,931	-12,893	-58,483	-650	-15,622	0	0	0
Change in Investments	0	0	0	250	0	0	0	0	0	0
cash flow from investments	-81,429	-103,925	-78,931	-13,143	-58,483	-650	-15,622	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-221,512	5,752	215,760	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-48,500	48,500	0	0	0	0	0	0	0	0
share issue	146,187	2,497,371	62,919	0	2,835,221	0	0	371,543	29,999	103
interest	84,743	60,492	-8,624	-4,027	11,219	2,902	2,375	735	199	20
cash flow from financing	182,430	2,384,851	60,047	211,733	2,846,440	2,902	2,375	372,278	30,198	123
cash and cash equivalents
cash	-1,629,865	800,228	-775,284	-299,354	2,415,198	-197,183	21,041	354,655	101,875	7,903
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-1,629,865	800,228	-775,284	-299,354	2,415,198	-197,183	21,041	354,655	101,875	7,903

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SYNAPTEC LTD group structure

Synaptec Ltd has no subsidiary companies.

Ultimate parent company

SYNAPTEC LTD

SC472060

SYNAPTEC LTD Shareholders

megger systems limited	18.25%
foresight fund managers limited	15.14%
university of strathclyde	13.22%
philip orr	12.36%
pawel niewczas	8.82%
scottish enterprise	7.74%
campbell booth	7.06%
proserv uk limited	4.82%
scottish growth scheme - foresight group equity finance l.p	3.3%
susan mcanenay	1.1%

Synaptec Ltd currently has 9 directors. The longest serving directors include Dr Philip Orr (Mar 2014) and Dr Campbell Booth (Mar 2014).

officer	country	age	start	end	role
Dr Philip Orr	United Kingdom	39 years	Mar 2014	-	Director
Dr Campbell Booth	Scotland	55 years	Mar 2014	-	Director
Dr Pawel Niewczas	Scotland	53 years	Mar 2014	-	Director
Mr David Pratt	Scotland	66 years	Jan 2015	-	Director
Mr Nigel Ellis	Scotland	67 years	Jul 2016	-	Director
Mr Davis Larssen	United Kingdom	53 years	Sep 2022	-	Director
Mr James McPhillimy	Scotland	60 years	Oct 2022	-	Director
Mr Jeremy Simpson		53 years	Feb 2024	-	Director
Mr Ryan Finesy	Scotland	29 years	Feb 2024	-	Director

P&L

December 2023

turnover

3.5m

+102%

operating profit

-1.5m

gross margin

38%

+3.69%

turnover

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

Balance Sheet

December 2023

net assets

1.8m

-0.41%

total assets

2.4m

-0.29%

cash

799.2k

-0.67%

net assets

Total assets minus all liabilities

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company number

SC472060

Type

Private limited with Share Capital

industry

71122 - Engineering related scientific and technical consulting activities

26511 - Manufacture of electronic instruments and appliances for measuring, testing, and navigation, except industrial process control equipment

incorporation date

March 2014

ultimate parent company

None

previous names

strathtec ltd (March 2014)

address

2 atlantic square, 31 york street, glasgow, G2 8AS

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synaptec ltd Company Information

synaptec ltd Estimated Valuation

synaptec ltd Estimated Valuation

synaptec ltd Estimated Valuation

Synaptec Ltd Overview

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SYNAPTEC LTD financials

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