ODYSSEY ADVISORS LIMITED

Executive Summary

Odyssey Advisors Limited is currently a dormant private limited company with persistent negative equity and no trading activity, indicating significant solvency and liquidity risks. While compliance with regulatory filings is maintained, the company’s financial position reflects an inability to meet obligations without external intervention. Further investigation into creditor terms and future operational plans is advised to evaluate the company’s sustainability prospects.

ODYSSEY ADVISORS LIMITED - Analysis Report

Company Number: 12590937

Analysis Date: 2025-07-20 18:07 UTC

1. Risk Rating: HIGH
   The company presents a high risk primarily due to its dormant status and ongoing accumulated losses reflected in negative net assets. The absence of current assets and persistent negative equity indicate an inability to meet obligations without external support.

2. Key Concerns:

   • Solvency Issues: The company consistently reports negative net assets (approximately -£41,350), which suggests that liabilities exceed assets, raising concerns about solvency.
   • Dormant Status & No Trading Activity: Being classified as dormant means no significant financial transactions occurred during the last reporting period, limiting operational viability and revenue generation prospects.
   • Lack of Financial Activity and Cash Flow: The company shows zero net current assets and no movement in current liabilities, indicating no cash flow and no operational activity to support ongoing expenses or creditor payments.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, with no overdue returns or penalties noted.
   • Stable Directorship: There is a single active director with no record of disqualification or governance issues, which simplifies accountability.
   • Small Share Capital: The minimal share capital (£2) indicates low initial capital requirement, which is not unusual for dormant companies at early stages.

4. Due Diligence Notes:

   • Verify the reasons for the company’s dormant status and whether there are plans to commence trading or operational activity.
   • Investigate the nature and terms of the creditors falling due after more than one year (£41,350) to understand any contingent liabilities or repayment obligations.
   • Assess if there is any external financial support or parent company backing that sustains this entity despite negative equity.
   • Confirm no hidden liabilities or off-balance sheet commitments exist that could exacerbate financial risk.
   • Review the director’s intentions and business plan to ascertain future viability and strategic direction.