Synarc Ltd.

Synarc Ltd from Nottingham UK: a large company, holding company, active status, founded 13 years ago, with 63 employees, £2,619,214 in assets, and yearly revenue of £5,640,684, operates from a real address, and is overseen by five directors and one owner. It’s an irregular exporter of machinery, boilers, and mechanical appliances; parts, with just one month of exports recorded.

The company functions as a holding company, with its core activities centered around providing services to its parent company under a cost-plus agreement. It’s a private limited company, and the financial statements are unaudited, likely due to its small company status.

Financially, Synarc Ltd presents a mixed picture. While turnover decreased by 27%, dropping to £5.6 million, net assets increased by 14% to £1.1 million. However, bank borrowings surged by 1,800%, reaching £3.1 million, and cash reserves declined by 11% to £250,000. Creditors decreased by 13%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, indicating a substantial operation.

The report also notes a significant decrease in administrative expenses by 28%, which could be a positive sign of cost control. However, the increase in bank borrowings and the drop in cash reserves raise concerns about liquidity. The company’s reliance on its parent company for services could also create dependencies. The auditors, Wisteria Audit Ltd, have reported that the financial statements give a true and fair view, but the unaudited nature of the report means that the figures rely on director-reported data.

Registered in England/Wales under the registration number 07794874, with a registered address at NG2 1AG, United Kingdom, Nottingham, Clario/Regus 1st Floor Lock House, Castle Meadow Road.

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