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Magnetic North Group Limited Is Magnetic North Group Limited in creditors' voluntary liquidation?
Last verified 26 May 2026
Yes, Magnetic North Group Limited (company number 10266049) entered creditors' voluntary liquidation on 28 September 2023, by its creditors. Martyn James Pullin of null was appointed as liquidator.
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Magnetic North Group Limited is now in creditors' voluntary liquidation. Below are the key dates, the directors, the public-record timeline that led here, and what the liquidation means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Creditors' Voluntary Liquidation |
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| Company number | 10266049 |
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| Previously known as | - Ergo3 Ltd, Jul 2016 to Aug 2021
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| Incorporated | 6 July 2016 (10 years old) |
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| Registered office | First Floor 34 Falcon Court, Preston Farm Business Park, Stockton On Tees, TS18 3TX |
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| Nature of business (SIC) | 82990: Other business support service activities n.e.c. |
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| Date entered creditors' voluntary liquidation | 28 September 2023 |
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| Liquidator | Martyn James Pullin, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Magnetic North Group Limited is a UK limited company based in Stockton-on-Tees, incorporated in 2016 and 7 years old when the liquidator was appointed. Its registered activity is other business support service activities n.e.c. (SIC 82990). There have been 4 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control. 6 charges have been registered against the company, 1 of which is still outstanding.
Directors
4 people have been appointed as directors of Magnetic North Group Limited.
DirectorStatusAppointedResigned
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Compass Innovations Limited
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
1 ceased control
- Miss Cheyenne Jo-An Garland · ceased 8 Jun 2023
Charges register
Secured creditors and encumbrances against the company. 1 outstanding · 5 satisfied.
Status · Creditor · Type · Dates
SatisfiedTc Loans (Cbils) Limited as Security Trustee on Behalf of the Secured Parties
A registered charge · Created 25 Feb 2021 · Satisfied 2 Aug 2021
OutstandingTc Loans (Cbils) Limited
A registered charge · Created 10 Jul 2020 · Pending
SatisfiedTc Loans I Limited
A registered charge · Created 26 Jul 2019 · Satisfied 4 Aug 2021
SatisfiedOne Stop Business Finance Limited
A registered charge · Created 29 Mar 2018 · Satisfied 31 Jul 2019
SatisfiedNpif Tvc Debt LP Acting by Tvc Loans Npif Gp Limited as the General Partner of Npif Tvc Debt LP Acting by Fw Capital Limited
A registered charge · Created 31 Oct 2017 · Satisfied 2 Oct 2018
SatisfiedHsbc Bank PLC
A registered charge · Created 16 Dec 2016 · Satisfied 21 Aug 2019
What happened
EventDateType
Liquidators' statement of receipts and payments26 November 2025LIQ03
Liquidators' statement of receipts and payments28 November 2024LIQ03
Registered office address changed13 October 2023AD01 Appointment of a voluntary liquidator13 October 2023600
+44 earlier events · 2016 to 2023
Statement of affairs13 October 2023LIQ02
Creditors' voluntary liquidationStatus28 September 2023
Registered office address changed23 June 2023AD01 Registered office address changed16 June 2023AD01 Appointment as a director8 June 2023AP01 Termination of appointment as a director8 June 2023TM01 Notification as a person with significant control8 June 2023PSC02 Cessation as a person with significant control8 June 2023PSC07 Director's details changed30 May 2023CH01 Total exemption full accounts made up23 December 2022AA Registered office address changed12 December 2022AD01 Confirmation statement made with no updates17 October 2022CS01 Total exemption full accounts made up25 March 2022AA Confirmation statement made with no updates18 October 2021CS01 Change of name notice24 August 2021CONNOT
Satisfaction of charge in full4 August 2021MR04 Satisfaction of charge in full2 August 2021MR04 Total exemption full accounts made up5 March 2021AA Registration of charge , created26 February 2021MR01 Confirmation statement made with no updates10 October 2020CS01 Registration of charge , created13 July 2020MR01 Termination of appointment as a director2 July 2020TM01 Confirmation statement made with no updates17 October 2019CS01 Satisfaction of charge in full21 August 2019MR04 Satisfaction of charge in full31 July 2019MR04 Registration of charge , created29 July 2019MR01 Total exemption full accounts made up12 June 2019AA Appointment as a director1 January 2019AP01 Registered office address changed24 December 2018AD01 Confirmation statement made with no updates10 October 2018CS01 Satisfaction of charge in full2 October 2018MR04 Total exemption full accounts made up17 May 2018AA Previous accounting period shortened17 May 2018AA01 Total exemption full accounts made up17 May 2018AA Registration of charge , created17 April 2018MR01 Registration of charge , created8 November 2017MR01 Confirmation statement made with updates4 October 2017CS01 Director's details changed6 September 2017CH01 Change of details as a person with significant control6 September 2017PSC04 Confirmation statement made with no updates6 July 2017CS01 Registered office address changed21 February 2017AD01 Registration of charge , created19 December 2016MR01 Termination of appointment as a director22 September 2016TM01 Incorporation6 July 2016NEWINC What this means for you
If you are a creditor
Submit your proof of debt to the liquidator. Once liquidation begins, no creditor can start or continue legal action without the court's permission. Unsecured creditors rank after secured and preferential creditors and are usually paid last, often only a portion.
Owed money by a company in liquidation →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Deposits paid are usually unsecured claims. Contracts may be terminated by the liquidator. Contact the liquidator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the liquidation began are an unsecured claim. Check whether any retention-of-title clause lets you identify and recover specific goods.
How retention of title works →Don't be the last to know next time
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The bigger picture
Frequently asked questions
- Is Magnetic North Group Limited in creditors' voluntary liquidation?
- Yes. Magnetic North Group Limited (company number 10266049) entered creditors' voluntary liquidation on 28 September 2023, by its creditors. Martyn James Pullin of null was appointed as liquidator.
- Who is the liquidator of Magnetic North Group Limited?
- Martyn James Pullin, a licensed insolvency practitioner at null, was appointed liquidator of Magnetic North Group Limited on 28 September 2023. Creditors can contact the liquidator directly to submit a claim.
- What does Magnetic North Group Limited do?
- Magnetic North Group Limited's registered nature of business is other business support service activities n.e.c. (SIC 82990).
- Where is Magnetic North Group Limited based?
- Magnetic North Group Limited's registered office is First Floor 34 Falcon Court, Preston Farm Business Park, Stockton On Tees, TS18 3TX. The registered office is the address held on the public register, which is not always the trading address.
- When was Magnetic North Group Limited founded?
- Magnetic North Group Limited was incorporated on 6 July 2016, 7 years before the liquidator was appointed.
- What is Magnetic North Group Limited's company number?
- Magnetic North Group Limited's registered company number is 10266049.
- Who has significant control of Magnetic North Group Limited?
- 1 active person with significant control over Magnetic North Group Limited is on the register: Compass Innovations Limited.
- Does Magnetic North Group Limited have any outstanding charges?
- an outstanding charge is registered against Magnetic North Group Limited out of 6 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Magnetic North Group Limited?
- Liquidation is the formal wind-up of a company. Once it begins, the liquidator collects assets, settles claims in statutory order (secured, preferential, then unsecured) and distributes whatever remains. Unsecured creditors often recover only a portion of what they are owed, and sometimes nothing.
- How long does liquidation take?
- Most liquidations run for 12 to 24 months, longer where the company has complex assets, litigation, or ongoing trading. Annual progress reports are filed by the liquidator until the company is dissolved at the end of the process.
- Will creditors get paid in Magnetic North Group Limited's liquidation?
- Secured creditors are paid from the assets they hold a charge over. Preferential creditors (employee wages up to limits, pension contributions, HMRC for certain taxes) come next. Unsecured creditors share whatever remains, which may be nothing. The Statement of Affairs, when filed, sets out the liquidator's estimate at the point of appointment.
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