Back to search

Magellan Drake Ltd

14601630

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

2ND FLOOR, LONDON, EC3N 4AJ
Incorporated 18/01/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mr Daniel Ruthven

director · Since 18/01/2023

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 6 other boards

Persons with Significant Control

Daniel Ruthven

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 51

2nd Floor, Trinity Square, London, EC3N 4AJ

Notified 18/01/2023

CompanyRankvs 151535+ SIC 70229 peers
35

Financial strength3th percentile among SIC peers · 1/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.42× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1T.R.Suterwalla & Sons Limited
90
2Wharton Amusements Limited
90
3Campion Willcocks Limited
90
4Acbond Limited
90
5K. Martin (Sudbury) Limited
90
6Summercroft Limited
90
7Meliorate Institute Education And Training Ltd
90
8Aar Services Limited
90
9Afropol (U.K.) Limited
90
10Hts Estates Limited
90
151535Magellan Drake Ltd
35
How is this score calculated?
Financial strength1/25 pts

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

Employees14/15 pts

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

Liquidity2/20 pts

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

Longevity3/15 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 31/03/2025

Net Worth

-£47k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£59k

Working capital

Current Assets

£43k

Current Liabilities

£104k

Fixed Assets

£12k

3avg. employees+2

Balance Sheet

Assets less current liabilities-£47k
Signed by Mr Daniel Ruthven 29/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.42-£24k
20240.31—

Derived from filed accounts. Not audited figures.