Synaptec Ltd

Synaptec Ltd, based in Glasgow, UK, is a small, active company founded eleven years ago in 2014. With 26 employees and £2,200,274 in assets, it operates from a virtual address—twenty-three companies share this location, which is a bit unusual. The company is managed by ten directors, though there are no listed owners. Synaptec regularly imports and exports optical and medical tools and devices, with 34 months of import activity and 8 months of export activity recorded. The last export was made in January 01, 2025.

The company’s website highlights its focus on “Distributed Electrical Sensing” technology for power system monitoring. It offers solutions for power grids, renewables, industrial settings, and more, emphasizing real-time visibility and control without the need for expensive infrastructure. They even have a section dedicated to webinars and case studies, demonstrating their commitment to educating clients and showcasing their technology’s benefits. It’s clear Synaptec isn's a typical e-commerce business; it’s a technology provider targeting a specialized niche.

Financially, Synaptec’s report reveals some concerning trends. Cash reserves plummeted 67% to £800,000, and net assets fell 41% to £1,800,000. Creditors surged 150% to £540,000, while trade debtors increased significantly, ballooning 110% to £980,000. It's possible the company is investing heavily in growth or facing challenges in collecting payments. On the plus side, prepayments increased 150% to £40,000, suggesting customers are willing to pay in advance for their services. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debt and decline in cash warrants close monitoring. There is no auditor mentioned, likely due to the company's small size. Overall, Synaptec seems to be experiencing a period of transition, with both opportunities and challenges ahead.

Registered in Scotland under the registration number SC472060, with a registered address at G2 8AS, Scotland, Glasgow, 2 Atlantic Square, 31 York Street.

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