Magellan Creative Ltd

  • Small
  • Active
  • 5 years
  • £811 (assets)
  • Real address
  • 1 director
  • 1 owner
  • Regular importer
  • Solo founder
  • E-commerce

Field of Operation

Other business support service activities n.e.c.
82990 238995 companies

Website

Social media

Summary

Magellan Creative Ltd from London UK: small company, active status, founded 4 years ago, £811 assets, real address, 1 director, 1 owner, solo founder. Regular importer of essential oils and perfumes (10 months imported). 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 company operates in the other business support service activities n.e.c. industries. The company is a regular importer, with its top import category being Essential oils and perfumes, totaling 10 months of imports. The last import operation was conducted on January 01, 2025.

Magellan Creative Ltd provides a wide range of branded merchandise, luxury packaging, and video packaging solutions. Their website showcases a diverse catalog, from promotional pens and clothing to custom tubes and LED presentation boxes. They offer services like digital marketing, fulfilment, and sourcing, catering to agencies and businesses of all sizes. The site's design is very clear, with categories like "Merchandise," "Packaging," and "Video Packaging" prominently displayed. It seems they’re primarily focused on providing custom solutions rather than direct e-commerce sales, as the site features a "Contact Us" section and sales inquiries are encouraged. They also have a blog and news section, which is a nice touch.

Financially, Magellan Creative Ltd presents a concerning picture. Current assets have plummeted by a staggering 82%, dropping to just £810. Net assets have also seen a dramatic decline, falling 1800% to -£65,000. Bank borrowings have increased significantly, while cash reserves have dwindled. Creditors have also ballooned, suggesting potential cash flow issues. It’s worth noting that the company is exempt from an audit, so these figures are unaudited. The fact that retained earnings are in negative territory is a red flag, and the significant increase in creditors suggests the company is relying on short-term financing to keep operations afloat. The solo founder, Giorgi Buzariashvili, is both director and owner, which is common for small companies, but it also means the business is heavily reliant on one person.

Registered in England/Wales under the registration number 12719000, with a registered address at E16 2JD, England, London, 149b Albert Road.

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

Owners & PSC

  • 5 years
  • 1
  • 75%+

Managers

  • 5 years
  • 1
Director

Last reports

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Last news

  1. Total exemption full accounts made up to 2024-07-31
  2. Confirmation statement made on 2024-07-03 with no updates
  3. Total exemption full accounts made up to 2023-07-31
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Importer profile by HS codes

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Last imported products

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