MAGELLAN SYSTEMS LIMITED

Company number 02945907 · Active

MAGELLAN SYSTEMS LIMITED is a private limited company registered in HONITON, United Kingdom, incorporated on 6 Jul 1994. Its registered activity is information technology consultancy activities. Its latest published accounts for the period ending 30 Sep 2025 show equity of £5,999, total assets of £6,799. It has filed 7 sets of accounts. Our model estimates a 0.00 % probability that it becomes insolvent within 12 months, 0.0 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.00 %
Low risk
Lowest riskHighest risk

Higher than 0 % of active companies in the United Kingdom. 0.0× the average annual insolvency rate (0.12 %).

Raises the risk

Company age (years)2.3×≥ 22.502 · 0.27 % became insolvent
Filing delay of last accounts (days)1.6×258–260 · 0.19 % became insolvent
Accounts type1.6×balance sheet only · 0.18 % became insolvent
Has filed accounts1.3×1 · 0.16 % became insolvent
Negative equity1.2×0 · 0.14 % became insolvent

Lowers the risk

Accounts filed0.3×≥ 6 · 0.04 % became insolvent
Total assets (log)0.3×2.87772–3.99473 · 0.04 % became insolvent
Employees0.4×0–1 · 0.05 % became insolvent
Equity ratio0.4×0.742974–1 · 0.05 % became insolvent
Current ratio0.6×≥ 7.06234 · 0.07 % became insolvent
Current liabilities ÷ assets0.7×0.010552–0.186967 · 0.08 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
02945907 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
6 Jul 1994 (32 years)
Registered address
EX14 1LJ HONITON
Postcode area
Exeter
Activity
62020 Information technology consultancy activities
Industry
Computer programming and consultancy
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
30 Sep 202515 Jun 2026– –£5,999£6,799 £315–0
30 Sep 202415 Jun 2025– –£2,650£8,725 £5,773–0
30 Sep 202315 Jun 2024– –£3,107£3,369 £590–0
30 Sep 202215 Jun 2023– –£7,363£7,644 £3,409–0
30 Sep 202115 Jun 2022– –£9,933£9,582 £464–0
30 Sep 202015 Jun 2021– –£17k£18k £333–0
30 Sep 201915 Jun 2020– –£11k£12k £1,660–0

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

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Questions about MAGELLAN SYSTEMS LIMITED

What is the company number of MAGELLAN SYSTEMS LIMITED?

MAGELLAN SYSTEMS LIMITED is registered under company number 02945907 in the official register of United Kingdom. View it at the official register.

Is MAGELLAN SYSTEMS LIMITED still active?

Yes. MAGELLAN SYSTEMS LIMITED is registered as active (status: Active).

Has MAGELLAN SYSTEMS LIMITED gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for MAGELLAN SYSTEMS LIMITED in the official data.

How likely is MAGELLAN SYSTEMS LIMITED to become insolvent?

Our model estimates a 0.00 % probability that MAGELLAN SYSTEMS LIMITED becomes insolvent within the next 12 months (low risk). That is higher than 0 % of active companies in the United Kingdom.

When was MAGELLAN SYSTEMS LIMITED founded?

MAGELLAN SYSTEMS LIMITED was incorporated on 6 Jul 1994.

Where is MAGELLAN SYSTEMS LIMITED registered?

MAGELLAN SYSTEMS LIMITED's registered address is in EX14 1LJ HONITON (Exeter), United Kingdom.

What do the latest accounts of MAGELLAN SYSTEMS LIMITED show?

The latest published accounts (period ending 30 Sep 2025) show equity of £5,999, total assets of £6,799, 0 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 9 Nov 2026.