Synchrostor Limited

Synchrostor Ltd, based in Edinburgh, UK, is a small, active company founded seven years ago in 2017. With ten employees and £2,036,412 in assets, it operates from a real address and is overseen by six directors and three owners. Google users rate it a perfect 5.0 based on one review. The company regularly imports machinery, boilers, and mechanical appliances, with recent activity recorded in December 2024.

The company's website highlights its focus on revolutionising energy storage and decarbonising heat. It’s developing Pumped Thermal Energy Storage (PTES) technology, aiming to address global energy needs and provide grid stability. The website also showcases a separate venture focused on high-end piano restoration, operating from Cambridge and even having a showroom in Harrods. This suggests a diversification of interests beyond the core energy storage business.

Financially, Synchrostor Ltd presents a mixed picture. While cash bank holdings increased significantly by 230%, reaching £1.2 million, other areas show concerning trends. Creditors surged by a staggering 1400%, reaching £850,000, and trade debtors ballooned by 360% to £820,000, indicating potential issues with collecting payments. Net assets, however, increased by 110% to £1.4 million. 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 liabilities is something to watch. No auditor is mentioned, consistent with its status as a small, exempt company. The increase in average number of employees from 10 to 23 is also notable, suggesting a period of rapid growth.

Registered in Scotland under the registration number SC583877, with a registered address at EH3 8BP, Scotland, Edinburgh, 58 Morrison Street, C/O Anderson Strathern Llp.

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