Synbiosys Ltd

Synbiosys Ltd, based in London, UK, is a small, active company founded eight years ago in 2017. With five employees and £61,380 in assets, it’s a modest operation managed by six directors and one owner. The company operates in the other engineering activities industries and is an irregular importer, primarily dealing in textile padding, felt, and nonwoven fabrics, special yarns, and ropes and cables—with just one month of import activity recorded as of November 2020.

The company’s website, synbiosys.co.uk, positions itself as a deep-tech validation platform for materials and manufacturing. It targets the bottleneck in trust and validation for next-generation technologies like additive manufacturing and fibre composites, offering a software tool to accelerate the adoption of these processes. The site highlights its ability to save money, time, and risk by getting to validated materials and manufacturing processes, and even boasts a “paradigm shift” in the industry. It also provides contact information and showcases various industry sectors it serves, including plastics and recycling, material science, and thermodynamic armour.

Financially, Synbiosys Ltd has experienced a significant downturn. Current assets have plummeted 64%, dropping to £61,000, while net assets have also fallen 64%, settling at £35,000. Cash reserves have suffered a dramatic 87% decrease, leaving just £18,000 in the bank. Debtors, however, have increased by 53%, suggesting potential issues with customer payments. Intangible assets have seen a massive 450% increase, potentially reflecting investments in software development or intellectual property, but this also needs to be viewed in the context of the overall financial strain. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, so the figures are unaudited.

While Synbiosys Ltd’s deep-tech validation platform shows promise, the recent financial performance suggests the company is burning through money. The increase in debtors and decrease in cash reserves are concerning, and the company will need to find a way to generate revenue and manage its expenses to ensure its long-term viability.

Registered in England/Wales under the registration number 10732636, with a registered address at SW8 3DL, United Kingdom, London, 4 Heath Road.

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