How much does Synergix Logistics Solutions Limited make?

Synergix Logistics Solutions Limited reported revenue of £19.3m and £977k profit in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Synergix Logistics Solutions Limited have?

Synergix Logistics Solutions Limited reported an average of 65 employees in the year to 31 Mar 2023.

Is Synergix Logistics Solutions Limited profitable?

Yes — Synergix Logistics Solutions Limited reported a profit of £977k in the year to 31 Mar 2023.

Company No. 12542979 · Incorporated 1 Apr 2020

Synergix Logistics Solutions Limited

Registered name: SYNERGIX LOGISTICS SOLUTIONS LIMITED

Part of Synergix Holdings Limited group

Synergix Logistics Solutions Limited made £19.3m revenue and £977k profit in the year to 31 Mar 2023.

Synergix Logistics Solutions Limited’s revenue grew 61% to £19.3m in the year to 31 Mar 2023, with £977k profit and 65 employees. The company is classified under “freight transport by road” and is based in Reading; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49410Freight transport by road

Status: Active
Location: Reading, South East
Age: 6 yrs · since 2020
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 2023

Key figures

Capital-lightYoung and profitableOperating leverageBoring industry

Revenue

£19.3m

Growth ▲60.8%

Profit

£977k

Growth ▲597.6%

Profit margin

5.1%

Gross 25%

Employees

Change ▲85.7%

Profit / employee

£15k

Revenue/employee £296k

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 2022	31 Mar 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12m	£19.3m
Cost of sales	£9.9m	£14.4m
Gross profit	£2.1m	£4.8m
Operating profit	£143k	£998k
Profit before tax	£140k	£977k
Profit after tax	£140k	£977k
Profit (best available)	£140k	£977k
Employees (average)	35	65
Ratios
Profit margin	1.2%	5.1%
Gross margin	17.5%	25%
Revenue per employee	£342k	£296k
Profit per employee	£4k	£15k
Growth (year on year)
Revenue growth	—	▲60.8%
Profit growth	—	▲597.6%
Headcount growth	—	▲85.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£97.4k	£242k
Net assets	£510k	£1.2m
Fixed assets	£785k	£988k
Current assets	£2.2m	£3.3m
Debtors	£2.1m	£2.9m
Deferred income	£224k	£94k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: 5.1%; Profit ÷ revenue.
Gross margin: 25%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £296k; Revenue ÷ average employees.
Profit per employee: £15k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.2%; 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: ▲129%; Now £1.2m
Cash at bank: ▲148%; Now £242k
Headcount: ▲86%; Now 65
Deferred income: ▼58%; Now £94k
Fixed assets: ▲26%; Now £988k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Synergix Holdings Limitedultimate parent75–100%
Synergix Logistics Solutions Limitedthis company

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

Sister companies (1)

El Logistics LimitedFigures 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 FullAccounts for the year to 31 Mar 2023 (profit £977k), from the Companies House accounts bulk data published Dec 2023. 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.