Syntech Solutions Ltd

Syntech Solutions Ltd is a small, active company based in Seaham, Co Durham, UK. Founded twenty years ago in 2004, it’s a family business with two directors and two owners, employing just four people and holding £523,742 in assets. The company operates from a real address, registered as SR7 7RS, 39 Redwood. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with the last import operation occurring in August 2022.

The company’s website showcases its expertise in providing solutions for HansaWorld ERP software. It offers bespoke programming, automation, integration, training, and consulting services, catering to businesses seeking to optimize their ERP systems. The website also highlights a partnership with Syntech Electrical Ltd, indicating a broader group of related businesses. The company’s services are targeted at improving efficiency and streamlining operations, emphasizing automation and data integration.

Financially, Syntech Solutions Ltd exhibits some concerning trends. While cash reserves increased by 31% to £270,000, current assets decreased by 11% to £520,000. Trade debtors fell by 32%, which is a positive, but creditors also dropped significantly by 50% to £120,000. Perhaps the most worrying sign is the decline in property, plant, and equipment gross cost by 13%, indicating a possible need for investment. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. The company's retained earnings accumulated losses grew by 16% to £660,000. The company’s focus on specialized ERP solutions and its family-run structure suggest a commitment to long-term relationships, but the financial data indicates a need for careful management to ensure sustainability.

Registered in England/Wales under the registration number 05191316, with a registered address at SR7 7RS, Co Durham, 39 Redwood, Seaham.

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