Synergized Business Solutions Ltd

Synergized Business Solutions Ltd, based in Telford, UK, is a small, active holding company founded six years ago. Despite its status, the company faces challenges, with overdue accounts and confirmation statements indicating potential administrative issues. It holds just £69 in assets and operates from a virtual address shared by 136 other companies, and notably, has no directors listed. The sole owner is Namare Grp Ltd, a change made a year ago. The company is an irregular importer, primarily dealing in textile products, sets, used clothing, and rags, with a single month of import activity recorded in 2020.

The company’s website reveals a different focus: providing compliance software for risk governance. It offers solutions for ambulance dispatch, care home management, driving licence checks, and HR, targeting sectors like healthcare and social care. The website emphasizes streamlining operations, saving time, and cutting costs through automation. It even offers a free demo, customized for potential clients. The site’s design and messaging suggest a B2B focus, targeting organizations seeking to improve their compliance processes.

Financially, Synergized Business Solutions Ltd paints a concerning picture. Current assets have plummeted by a staggering 99%, leaving just £69. Bank borrowings have increased by 36%, while cash reserves have dropped 75% to a mere £69. Creditors have also risen significantly, both within the year and after, suggesting increased debt. The company’s net assets and liabilities remain unchanged, at -£140,000. It’s a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), but the sharp decline in assets and cash reserves suggests a potential cash flow problem. The lack of an auditor, consistent with its small size, means the figures are unaudited.

The company’s financial trajectory indicates it’s burning through money. While the software business shows promise, the underlying financial health is precarious. It's possible the company is reinvesting heavily in growth, but the lack of positive cash flow and the significant debt load raise concerns about its long-term sustainability.

Registered in England/Wales under the registration number 11385272, with a registered address at TF2 6EL, England, Telford, Office 10, 15a Market Street, Oakengates.

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