SYNECTICS SOLUTIONS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Despite the macroeconomic uncertainty, the group continues to operate seamlessly and is fully functional as a key part of a critical supply chain for our clients. The group continues its steady but strong growth trajectory, and the Directors are confident that this will continue.”

Significant events

• “22 April 2024 saw the completion of the investment into the Synectics Solutions Limited Group by growth investor Synova, following the receipt of FCA clearance.”
• “Prior to the investment by Synova the company undertook a demerger resulting in the transfer of properties with a valuation of £4.615m and loans with related parties of £10.05m outside the company.”
• “On 22 June 2023, the Company's freehold land and buildings were re-valued by Mounsey Chartered Surveyors.”
• “On 9 December 2023 the company transferred its properties to a related company in return for the issue of ordinary shares, the share consideration was equal to the market value of the properties being £4,615,000.”
• “On 26 March 2024 the company performed a dividend in specie to Synectics Solutions Holdings Limited based on the book value of the investment being transferred being £4,615,000.”
• “On 2 April 2024 the company disposed of its associate for £nil consideration.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

2

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +8.4%

  £27,523,385 → £29,831,048

• Cash

  +12,651.5%

  £74,510 → £9,501,137

• Net assets

  -58.6%

  £8,794,781 → £3,636,821

• Employees

  -12.2%

  386 → 339

• Operating profit

  -98.7%

  £2,395,498 → £31,782

• Profit before tax

  -109.7%

  £2,215,102 → -£215,228

• Wages

  +6.4%

  £15,119,773 → £16,090,049

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers