SYNECTIC SYSTEMS GROUP 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 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. In addition, Synectics plc has provided the Company with an undertaking that for at least twelve months from the date of approval of the financial statements, it will continue to make available such funds as needed by the Company.”

Group structure

1. SYNECTIC SYSTEMS GROUP LIMITED · parent
   1. Synectics No.2 Limited (formerly Persides Technology Limited) (dormant) 100% · UK · dormant
   2. Synectic Systems (Asia) Pte Limited 100% · Singapore
   3. Synectic Systems (Macau) Limited 100% · Macau

Significant events

• “During the year the Company recorded revenues of £27.5 million (2023: £25.0 million), reflecting a resurgence in the Gaming market in North America, strong growth in UK Public Space & Critical Infrastructure and continued buoyancy in Oil & Gas markets.”
• “Profit before tax was £3.4 million in the year (2023: £2.3 million), including a dividend received of £1.0 million (2023: £nil) from a subsidiary entity.”
• “Continued investment in our intellectual property and technology base remains a key priority, with £3.7 million of technology development spend in 2024 (2023: £3.2 million).”
• “An interim dividend of £1,000,000 was paid during the year (2023: £nil).”
• “PA Webb (deceased 25 August 2024)”
• “OD Aindow (appointed 16 October 2024)”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  +10.2%

  £24,964,000 → £27,505,000

• Cash

  +535.8%

  £818,000 → £5,201,000

• Net assets

  +11.8%

  £16,289,000 → £18,215,000

• Employees

  +14.3%

  112 → 128

• Operating profit

  -3.2%

  £2,187,000 → £2,117,000

• Profit before tax

  +46.8%

  £2,285,000 → £3,355,000

• Wages

  +24.7%

  £5,372,000 → £6,699,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers