Synthace Limited

Synthace Limited, based in London, UK, is a holding company actively operating for the past thirteen years. Employing sixty-two people and holding assets valued at £13,271,241, the company has a real address and is overseen by four directors. Notably, there are no listed owners, a situation that could be worth investigating further. Synthace boasts a stellar 5.0 Google rating based on eight reviews. The company is an irregular importer, primarily dealing with optical and medical tools and devices, with its last import operation occurring over a year ago in December 2017.

Synthace’s core business revolves around providing software expertise for discovery biology teams. Its website details a platform designed for automating and optimizing experiments, particularly in assay development, media optimization, and purification. The company offers a range of services, including training courses and webinars, and emphasizes a collaborative approach, working closely with clients to deliver impactful results. They have specialists like Ross and Erika who help scientists apply multivariate methods to their research.

Financially, Synthace shows a mixed picture. Current assets have decreased by a significant 48%, falling to £11 million. Net losses deepened to -£9.5 million, while cash reserves dropped by 70% to £1.9 million. Bank borrowings increased by 2,400%, reaching £29,000, and trade debtors increased by 890%. Despite these challenges, creditors decreased by 18%, suggesting better debt management. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company’s focus on software and automation, combined with its strong customer testimonials, suggests a potential for future growth. However, the sharp decline in cash reserves and the increase in borrowings indicate that Synthace is burning through money, and may need to secure additional funding to sustain operations. The lack of listed owners could also be a point of interest for potential investors.

Registered in England/Wales under the registration number 07652459, with a registered address at W12 7FQ, England, London, West Works, 195 Wood Lane.

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