How much does Synertec Limited make?

Synertec Limited reported revenue of £60.2m and £2.6m profit in the year to 31 Mar 2024, according to its accounts filed at Companies House.

How many employees does Synertec Limited have?

Synertec Limited reported an average of 291 employees in the year to 31 Mar 2024.

Is Synertec Limited profitable?

Yes — Synertec Limited reported a profit of £2.6m in the year to 31 Mar 2024.

Company No. 03717583 · Incorporated 22 Feb 1999

Synertec Limited

Registered name: SYNERTEC LIMITED

Part of Restore Plc group

Synertec Limited made £60.2m revenue and £2.6m profit in the year to 31 Mar 2024.

Synertec Limited’s revenue fell 8% to £60.2m in the year to 31 Mar 2024, with £2.6m profit and 291 employees. The company is classified under “other information service activities” and is based in Wellington; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 63990Other information service activities n.e.c.

Status: Active
Location: Wellington, South West
Age: 27 yrs · since 1999
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Mar 2024

Key figures

Cash flow filed

Revenue

£60.2m

Growth ▼8.4%

Profit

£2.6m

Growth ▼47.3%

Profit margin

4.3%

Gross 36.2%

Employees

291

Change ▲8.2%

Profit / employee

£9k

Revenue/employee £207k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2023	31 Mar 2024
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£65.7m	£60.2m
Cost of sales	£42.7m	£38.4m
Gross profit	£22.9m	£21.8m
Operating profit	£5.9m	£3.3m
Profit before tax	£5.8m	£3.2m
Profit after tax	£5m	£2.6m
Profit (best available)	£5m	£2.6m
Staff costs	£12.1m	£13.6m
Employees (average)	269	291
Ratios
Profit margin	7.6%	4.3%
Gross margin	34.9%	36.2%
Revenue per employee	£244k	£207k
Profit per employee	£18.5k	£9k
Cash conversion	112.2%	117.5%
Growth (year on year)
Revenue growth	—	▼8.4%
Profit growth	—	▼47.3%
Headcount growth	—	▲8.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£268k	£10.4k
Net assets	£5.2m	£3.6m
Fixed assets	£7.5m	£6.9m
Current assets	£8.7m	£9m
Debtors	£5.4m	£6.1m
Cash from operations	£6.6m	£3.9m
Source	Accounts · bulk data Jul 2024	Accounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 4.3%; Profit ÷ revenue.
Gross margin: 36.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £207k; Revenue ÷ average employees.
Profit per employee: £9k; Profit ÷ average employees.
Cash conversion: 117.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 11.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10.1%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼31%; Now £3.6m
Cash at bank: ▼96%; Now £10.4k
Headcount: ▲8%; Now 291
Deferred income: —; Now —
Fixed assets: ▼8%; Now £6.9m

Corporate ownership

Group structure

Ownership chain

Restore Plc (registered outside the UK register)ultimate parent75–100%
Synertec (Holdings) Limited75–100%
Synertec Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

MPS Marketing Services LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Mar 2024 (profit £2.6m), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.