How much does Synergy Health Managed Services Limited make?

Synergy Health Managed Services Limited reported revenue of £50.7m and a loss of £85k in the year to 31 Mar 2023, according to its accounts filed at Companies House.

How many employees does Synergy Health Managed Services Limited have?

Synergy Health Managed Services Limited reported an average of 848 employees in the year to 31 Mar 2023.

Is Synergy Health Managed Services Limited profitable?

No — Synergy Health Managed Services Limited reported a loss of £85k in the year to 31 Mar 2023.

Company No. 08393150 · Incorporated 7 Feb 2013

Synergy Health Managed Services Limited

Registered name: SYNERGY HEALTH MANAGED SERVICES LIMITED

Part of FTL UK Acquisition Company Limited group

Synergy Health Managed Services Limited made £50.7m revenue and a £85k loss in the year to 31 Mar 2023.

Synergy Health Managed Services Limited’s revenue grew 9% to £50.7m in the year to 31 Mar 2023, with a loss of £85k and 848 employees. The company is classified under “other human health activities” and is based in Derby; we hold 2 years of its filed accounts.

Full P&L filedSection Q · Human health and social workSIC 86900Other human health activities

Status: Active
Location: Derby, East Midlands
Age: 13 yrs · since 2013
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. From the filing: “STAR Strategic Assets III-A LP”

Latest accounts · year to 31 Mar 2023

Key figures

Revenue

£50.7m

Growth ▲8.6%

Profit

−£85k

Growth —

Profit margin

−0.2%

Gross 30.4%

Employees

848

Change ▲3.4%

Profit / employee

−£100

Revenue/employee £59.8k

Profitable streak

0yrs

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)	£46.7m	£50.7m
Cost of sales	£34.2m	£35.3m
Gross profit	£12.5m	£15.4m
Operating profit	−£4.5m	−£765k
Profit before tax	−£4.5m	−£782k
Profit after tax	−£5m	−£85k
Profit (best available)	−£5m	−£85k
Staff costs	£18.4m	£19.6m
Employees (average)	820	848
Ratios
Profit margin	−10.8%	−0.2%
Gross margin	26.8%	30.4%
Revenue per employee	£57k	£59.8k
Profit per employee	−£6.2k	−£100
Growth (year on year)
Revenue growth	—	▲8.6%
Headcount growth	—	▲3.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£1.2m
Net assets	£21.3m	£21.2m
Fixed assets	£30.2m	£29.9m
Current assets	£13.8m	£12.5m
Debtors	£7.6m	£6.5m
Deferred income	£5.5m	£5.1m
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −0.2%; Profit ÷ revenue.
Gross margin: 30.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £59.8k; Revenue ÷ average employees.
Profit per employee: −£100; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 58.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 10.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 12.8%; 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: ▼0%; Now £21.2m
Cash at bank: ▲18%; Now £1.2m
Headcount: ▲3%; Now 848
Deferred income: ▼7%; Now £5.1m
Fixed assets: ▼1%; Now £29.9m

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

FTL UK Acquisition Company Limitedultimate parent75–100%
Stellar Mayan Limited75–100%
Synergy Health Managed Services Limitedthis company

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

Sister companies (3)

Aeroserve Euro LimitedRev. £13.7m · Profit £7.5m
Aeroserve (MSP) LimitedRev. £9.4m · Profit −£7.5m
Grosvenor Contracts (London) LimitedRev. £9.3m · Profit £1.2m

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2023 (profit −£85k), from the Companies House accounts bulk data published May 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.