Synectics Medical Limited

Synectics Medical Limited, based in Ware, UK, is a small, active family business founded ten years ago in 2014. With twelve employees and £1,595,386 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports and exports optical and medical tools and devices – 91 months of import activity and 3 months of export activity recorded, the latest in January 2025 and August 2024 respectively.

The company’s website, Synectics Medical, doesn’t provide much information about their operations beyond a listing on company directories. There’s no indication of e-commerce activity or direct sales to consumers; instead, it seems to function as a distribution service. It's likely they supply medical and dental instrument manufacturers and hospitals.

Financially, Synectics Medical Limited presents a mixed picture. While current assets increased by 14% to £1,600,000, net assets grew by a more substantial 31% to £1,100,000, reflecting improved equity. However, cash bank on hand plummeted by a significant 69% to £96,000, suggesting increased investment or operational spending. Trade debtors rose by 26% to £670,000, potentially indicating delayed customer payments. On the positive side, trade creditors decreased by 15% to £460,000, indicating improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, consistent with exemption status for small companies.

The sharp decline in cash reserves warrants attention, although the increase in net assets suggests a healthy underlying business. The rise in trade debtors could be a temporary blip or a sign of longer-term challenges in collecting payments. With no mention of an auditor, the unaudited financial statements rely on internal reporting, which is typical for small, exempt companies.

Registered in England/Wales under the registration number 09043744, with a registered address at SG12 0AS, Ware, Hertfordshire, 48 Fanshawe Crescent.

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