Synergy Associates Ltd

Synergy Associates Ltd, based in London, UK, is a small, active company founded 18 years ago. With 31 employees and £1,260,843 in assets, it operates from a real address and is led by four directors and a solo founder. The company is an irregular importer and exporter of electrical machinery and equipment, with recent activity recorded in 2022 and 2023.

The company’s website highlights its specialisation in building management, energy management, security, fire, and lighting control systems, as well as planned preventative maintenance and facilities management. It offers bespoke building control systems installation and maintenance, emphasizing innovative solutions. The website also lists a Sussex Innovation Centre address, suggesting a focus on technology and innovation.

Financially, Synergy Associates Ltd’s numbers paint a mixed picture. Current assets have decreased by 17%, dropping to £1,300,000, while net assets have fallen by 16%, settling at £1,400,000. Bank borrowings have seen a significant reduction, falling by 42%, and cash reserves have plummeted 74%, leaving just £130,000. However, creditors have also decreased by 42%, and trade debtors have fallen by 19%, suggesting some improvements in debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a cause for concern. The absence of an auditor mentioned likely means the figures are unaudited, relying on director-reported data.

In summary, Synergy Associates Ltd is navigating a period of financial pressure, despite its focus on specialized building control systems. The company’s ability to maintain its client base and adapt to changing market conditions will be crucial for its long-term success.

Registered in England/Wales under the registration number 05832415, with a registered address at SW1Y 5HZ, England, London, 60 Pall Mall.

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