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Magelan Limited

05669305

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

ARMOURY HOUSE, ARMOURY ROAD, COLCHESTER, CO6 3JP
Incorporated 09/01/2006

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 23/01/2026

Due 06/02/2027

On track

Industry

41100
Development of building projects
68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Kenneth Christopher Ferriss

secretary · Since 09/01/2006

COMPANY DIRECTOR

IRISH · UNITED KINGDOM · Age 66

Also on 15 other boards

Mr Philip Arthur Birchley

director · Since 09/01/2006

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 3 other boards

Mr Kenneth Christopher Ferriss

director · Since 09/01/2006

COMPANY DIRECTOR

IRISH · UNITED KINGDOM · Age 66

Also on 15 other boards

Persons with Significant Control

Mr Philip Birchley

25–50% shares

British · England · Age 79

Armoury House, Armoury Road, Colchester, CO6 3JP

Notified 06/04/2016

Mr Kenneth Christopher Ferriss

25–50% shares

Irish · United Kingdom · Age 66

Armoury House, Armoury Road, Colchester, CO6 3JP

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

UNITED TRUST BANK LIMITED

Created 28/03/2013Registered 04/04/2013Satisfied 31/08/2018
charge
satisfied

UNITED TRUST BANK LIMITED

Created 28/03/2013Registered 04/04/2013Satisfied 31/08/2018

CompanyRankvs 42066+ SIC 41100 peers
51

Financial strength18th percentile among SIC peers · 5/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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42066Magelan Limited
47
How is this score calculated?
Financial strength5/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees10/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/01/2025

Net Worth

-£4k

Balance sheet strength

Cash

£68k

Cash in the bank

Net Current Assets

-£4k

Working capital

Current Assets

£68k

Current Liabilities

£72k

2avg. employees

Director Loans

Company owes directors£72k

Balance Sheet

Assets less current liabilities-£4k
Signed by Mr Philip Birchley 29 September 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.95-£318
20240.95-£7k
20230.95+£163
2022—+£163
20210.00+£133
20200.00+£133
20190.00—

Derived from filed accounts. Not audited figures.