Synectic Property Solutions Ltd

Synectic Property Solutions Ltd, based in Carlisle, UK, is a small holding company with an active status, established twelve years ago in September 2012. Despite holding £1,806,803 in assets and maintaining a real address, the company is currently six months overdue on its accounts. With seven employees and a single director and owner, the business has a respectable 4.0 Google rating from 61 reviews. Synectic Property Solutions Ltd regularly imports and exports art and antiques, with 8 months of import activity and 57 months of export activity recorded, the last operation being December 1st, 2024.

The company’s website, The Coin Cabinet, operates as an auction house specializing in coins, with a focus on ancient and premium offerings. It features regular auctions, a marketplace for direct purchases, and consignment services, leveraging relationships with NGC and PCGS for grading. The site also highlights a new chapter under the leadership of Joe Hazell and Miraskar Mirakhmedov, aiming to elevate the customer experience and offerings.

Financially, Synectic Property Solutions Ltd presents a mixed picture. While finished goods and goods for resale decreased by 19% to £1.2 million, cash bank on hand dropped significantly by 71% to £27,000. Creditors, however, increased by a substantial 190% to £590,000, and trade debtors fell to a negative £5,100—a concerning trend. Net assets have plummeted 99% to just £4,100, and deferred income is now a negative £39,000. 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 sharp decline in equity and cash reserves raises questions about its financial health. No auditor is mentioned, which is common for small, exempt companies.

The company's reliance on interest-free loans from directors to cover costs suggests a need for external funding or improved profitability. The Coin Cabinet’s auction business, while seemingly thriving, may be struggling to support the parent company's overall financial stability.

Registered in England/Wales under the registration number 08230393, with a registered address at CA6 4BU, England, Carlisle, Suite 0542, Unit D3 Mod Village Baron Way, Kingmoor Business Park.

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