Company Overview
Magellan Aerospace (Greyabbey) Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 27 November 2007, so this is a well established company. Magellan Aerospace (Greyabbey) Limited has been in business for 18 years and 4 months. The accounts status is total exemption full and the accounts are next due on Tuesday 30 September 2025.
Registered Address

11 Tullykevin Road, Greyabbey, County Down, BT22 2QE
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Companies House Data
Company NameMAGELLAN AEROSPACE (GREYABBEY) LIMITED
Company NumberNI067279
Registered Office Address11 Tullykevin Road
 Greyabbey
 BT22 2QE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date27/11/2007
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2025
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date25/12/2016
Returns Last Made Up Date27/11/2015
Previous Company NameChanged Date
JOHN HUDDLESTON ENGINEERING LIMITED31 Dec 2012
Directors & Members
Show Resigned
Jason Addis - Director
(British, 57 years old, born June 1969)
Appointed 01 October 2014
 Active
Haydn Martin - Director
(British, 63 years old, born June 1963)
Appointed 26 July 2013
 Active
Elena Milantoni - Director
(Canadian, 57 years old, born June 1969)
Appointed 01 January 2016
 Active
Phillip Underwood - Director
(British, 66 years old, born October 1960)
Appointed 31 August 2012
 Active
Secretaries
Show Resigned
Other Company Directorships
Jason Addis
EURAVIA ENGINEERING & SUPPLY CO. LIMITED
MAGELLAN AEROSPACE (BLACKPOOL) LIMITED
MAGELLAN AEROSPACE (CHALFONT) LIMITED
MAGELLAN AEROSPACE (UK) LIMITED
Haydn Martin
AQUA HOUSE 22 LLP
AQUA HOUSE 2A LLP
AQUA LANSDOWNE LLP
AQUA WALHAMPTON 57A LLP
CHEVRON AEROSPACE GROUP LIMITED
CHEVRON AEROSTRUCTURES LIMITED
EURAVIA ENGINEERING & SUPPLY CO. LIMITED
MAGELLAN AEROSPACE (BLACKPOOL) LIMITED
MAGELLAN AEROSPACE (CHALFONT) LIMITED
MAGELLAN AEROSPACE (UK) LIMITED
NOVA WALHAMPTON 57 LLP
SPS AEROSTRUCTURES LIMITED
SPS CHEVRON LIMITED
Elena Milantoni
HEWGILP 2 LIMITED
MAGELLAN AEROSPACE (BLACKPOOL) LIMITED
MAGELLAN AEROSPACE (CHALFONT) LIMITED
MAGELLAN AEROSPACE (UK) LIMITED
Phillip Underwood
EURAVIA ENGINEERING & SUPPLY CO. LIMITED
HEWGILP 2 LIMITED
MAGELLAN AEROSPACE (BLACKPOOL) LIMITED
MAGELLAN AEROSPACE (CHALFONT) LIMITED
MAGELLAN AEROSPACE (UK) LIMITED
MAYFLOWER AEROSPACE (METAL TREATMENTS) LIMITED
MAYFLOWER AEROSPACE (WREXHAM) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2016 31-Dec-2015
Balance Sheet
Fixed Assets 8,975,000 8,975,000 8,952,000
Current Assets 11,296,000 11,296,000 7,471,000
Creditors Due Within One Year 12,953,000 12,953,000 10,913,000
Working Cap -1,657,000 -1,657,000 -3,442,000
Total Assets Less Current Liabilities 7,318,000 7,318,000 5,510,000
Long-term Liabilities 1,192,000 1,192,000 1,085,000
Net Assets 6,126,000 6,126,000 4,425,000
Share Capital & Reserves
Share Cap 1,067,000 1,067,000 1,067,000
Profit & Loss Reserves 5,059,000 5,059,000 3,358,000
Other Reserves 0 0 0
Shareholders Funds 6,126,000 6,126,000 4,425,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2016 31-Dec-2015
Tangible Fixed Assets - - -
Fixed Assets 44.3% 44.3% 54.5%
Stocks Inventory 7.9% 7.9% 5.7%
Debtors 5.1% 5.1% 6.9%
Cash Bank In Hand 6.3% 6.3% 0.0%
Current Assets 55.7% 55.7% 45.5%
Creditors Due Within One Year 63.9% 63.9% 66.4%
Net Current Assets Liabilities -8.2% -8.2% -21.0%
Creditors Due After One Year 5.9% 5.9% 6.6%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 30.2% 30.2% 26.9%
Called Up Share Capital 5.3% 5.3% 6.5%
Share Capital Allotted Called Up Paid 5.3% 5.3% 6.5%
Profit Loss Account Reserve 25.0% 25.0% 20.4%
Shareholder Funds 30.2% 30.2% 26.9%
Capital Employed - - -
Total Assets Less Current Liabilities 36.1% 36.1% 33.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2016 31-Dec-2015
Liquidity Ratio 0.9 0.9 0.7
Solvency Ratio 1.4 1.4 1.4
Reserves to Assets 0.2 0.2 0.2
Secured Creditors Unlock full report
Mortgages Charges 7
Mortgages Outstanding 6
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2016 31-Dec-2015
Assets 20,271,000 20,271,000 16,423,000
Debt 14,145,000 14,145,000 11,998,000
Net Assets/Debt 6,126,000 6,126,000 4,425,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around BT22 2QE
HEWGILP 2 LIMITED
12-15 Donegall Square West, Belfast, BT22 2QE
Document Filings
Resolutions
Registered office address changed from 11 Tullykevin Road Greyabbey County Down BT22 2QE to C/O Kpmg the Soloist Building 1 Lanyon Place Belfast BT1 3LP on 13 October 2025
Appointment of a liquidator
Declaration of solvency
Statement by Directors
Statement of capital on 26 September 2025
Solvency Statement dated 26/09/25
Resolutions
Amended total exemption full accounts made up to 31 December 2023
Confirmation statement made on 22 November 2024 with no updates
Confirmation statement made on 22 November 2023 with no updates
Audit exemption statement of guarantee by parent company for period ending 31/12/21
Confirmation statement made on 27 November 2022 with no updates
Confirmation statement made on 27 November 2021 with updates
Notification of Magellan Aerospace (Uk) Limited as a person with significant control on 1 April 2022
Confirmation statement made on 27 November 2020 with no updates
Termination of appointment of Shawn David Smith as a director on 30 November 2019
Termination of appointment of Shawn David Smith as a secretary on 30 November 2019
Confirmation statement made on 27 November 2019 with no updates
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