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Odyssey Systems Limited

02517487

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

LOCKHEED COURT, PRESTON FARM, CLEVELAND, TS18 3SH
Incorporated 02/07/1990

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 01/03/2026

Due 15/03/2027

On track

Industry

61100
Wired telecommunications activities

Officers

Michael Odysseas

director · Since 22/06/1992

SALES CONSULTANT

BRITISH · ENGLAND · Age 57

Mr Andrew Middlemiss

director · Since 28/04/2016

MANAGEMENT ACCOUNTANT

BRITISH · ENGLAND · Age 54

Also on 1 other board

Mr Matthew John Nigel Park

director · Since 11/10/2018

TECHNICAL DIRECTOR

BRITISH · ENGLAND · Age 41

Mr Andrew Middlemiss

secretary · Since 21/11/2022

Also on 1 other board

Persons with Significant Control

Mr Michael Odysseas

75–100% shares

British · England · Age 57

Lockheed Court, Preston Farm, Cleveland, TS18 3SH

Notified 01/07/2016

Charges1 outstanding

Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 07/03/2016Registered 07/03/2016
charge
satisfied

HSBC BANK PLC

Created 27/05/2005Registered 28/05/2005Satisfied 07/12/2006
charge
satisfied

HSBC BANK PLC

Created 28/04/2005Registered 30/04/2005Satisfied 30/07/2007
charge
satisfied

HSBC BANK PLC

Created 22/12/2004Registered 23/12/2004Satisfied 07/12/2006
charge
satisfied

HSBC BANK PLC

Created 22/12/2004Registered 23/12/2004Satisfied 07/12/2006
charge
satisfied

HSBC BANK PLC

Created 13/12/1999Registered 18/12/1999Satisfied 10/03/2016

CompanyRankvs 105+ SIC 61100 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.3× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£3.6M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£830k

Working capital

Current Assets

£1.5M

Current Liabilities

£640k

Fixed Assets

£3.1M

Debtors

£255k

25avg. employees

Balance Sheet

Assets less current liabilities£3.9M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20242.30

Derived from filed accounts. Not audited figures.