In Sync Systems Ltd

In Sync Systems Ltd, based in Reading, UK, is a small, active company founded nine years ago. With five employees and £987,696 in assets, it operates as a family business with two directors and two owners. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded in May 2024. It’s a real address, and only one company is registered there.

The company’s website highlights a different focus: IT sourcing solutions. InSync Systems positions itself as Western Canada’s premier IT sourcing firm, helping clients meet challenges and deliver projects. Services range from staff augmentation and solution delivery to turnkey solutions and value-added services like reporting and metrics. The site emphasizes strong relationships with both clients and candidates, adaptive sourcing models, and deep connections to technology professionals. It even mentions community involvement through charitable and volunteer connections.

Financially, In Sync Systems Ltd presents a mixed picture. While equity increased by 13% to £1.6 million, current assets experienced a significant drop of 40% to £990,000. Cash bank holdings decreased by 37% to £660,000, and bank borrowings surged by 2,400% to £29,000. Creditors also rose considerably, up 36% to £440,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Trade debtors have also fallen, down 50% to £300,000. No auditor is mentioned, so the accounts are unaudited.

The significant decrease in current assets and cash reserves suggests that In Sync Systems Ltd may be burning through money. While the company’s IT sourcing business appears to be thriving, the financial figures raise questions about its long-term sustainability. It’s possible the company is investing heavily in growth, but the sharp decline in cash warrants closer scrutiny.

Registered in England/Wales under the registration number 09839586, with a registered address at RG4 6PS, England, Reading, Berkshire, 28 Montpelier Drive Caversham Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.