Magellan Club Ltd

Magellan Club Ltd from London UK: small company, active status, founded 2 years ago, £1,201 assets, real address, 1 director, 1 owner, solo founder. It’s a private limited company registered in England/Wales with the registration number 14363754. The company was founded two years ago on September 20, 2022, and registered at E16 2SF, England, London, 190 Barrier Point Road. The address is probably real as only one company registered at the same address. Its status is active. The company operates in the retail sale via mail order houses or via internet, the wholesale of wood, construction materials and sanitary equipment industries. Officially, it has one owner or PSCs, one director and no number of employees published. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £1,201.

The company's website is not available, making it difficult to determine the extent of their operations. However, the company description suggests a focus on both retail and wholesale activities. It’s likely they operate primarily online, given the nature of their industries, but without a website to analyze, it’s impossible to confirm whether they have an e-commerce presence or rely solely on business-to-business sales.

Financially, Magellan Club Ltd presents a curious picture. Current assets have increased dramatically, soaring 120,000% to reach £1,200, while cash on hand has also seen a substantial jump, increasing 8,400% to £85. However, the company’s retained earnings and share capital remain at modest levels. Trade debtors have stayed consistent, which is good. The company’s small size helps it stay agile, but the lack of detail in the financial report—particularly the absence of an auditor—makes it difficult to assess its long-term viability. The accounts are unaudited, and the company is exempt from an audit, which is common for small businesses. It seems like they’re doing okay, but more information would be helpful.

Registered in England/Wales under the registration number 14363754, with a registered address at E16 2SF, England, London, 190 Barrier Point Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.