Syn Retail Ltd

Syn Retail Ltd, based in Knaresborough, UK, is a small, active company founded six years ago. Employing 21 people, it holds £1,550,175 in assets and operates from a real address within Knaresborough Technology Park. With three directors and three owners, the company is an irregular importer, primarily dealing in optical and medical tools and devices, with the last import operation recorded just last month.

The company's website paints a picture of a creative agency focused on "momentum" and "ideas." They work with brands to deliver impactful campaigns, positioning themselves as more than just a marketing agency—they’re an “ideas agency” and a brand partner. Their site emphasizes collaboration, creativity, and a commitment to “good sh!t” and “doing good sh!t,” a rather unique mantra.

Financially, Syn Retail Ltd presents a mixed bag. While cash reserves have increased by a healthy 31%, reaching £700,000, other areas show strain. Creditors have decreased slightly, but accrued liabilities have fallen significantly, and bank borrowings have also reduced. Perhaps most concerning is the sharp increase in corporation tax payable, rising by 150% to £250,000. Net assets have, however, doubled to £1,000,000. The company meets the criteria to be considered a small company, with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Syn Retail Ltd appears to be navigating a period of change. The increased assets and cash reserves are positive signs, but the rising tax liability and other liabilities suggest it's important to keep a close eye on its financial health.

Registered in England/Wales under the registration number 11970620, with a registered address at HG5 8LF, England, Knaresborough, Knaresborough Technology Park, Manse Lane.

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