Odyssey Airlines is a one off. It is a company that has raised millions, including one of them on Crowdcube, only never to take off. The highest anyone at the company ever goes is to their 4th floor office.
The latest accounts, out a week ago, show that the company has increased its losses by over £1m to £4.8m, has no real idea when it might fly and has to repay a debt of over £2.5m in March this year. The bank account was empty and the net current liabilities stood at minus £2.7m at YE. As far as we can tell money raised since is a drop in a large ocean.
In the same statement the company claim to be a going concern. Going nowhere perhaps. As their name suggests, they are more myth than matter.
We sent them an email a year ago but have never had a reply.
We sent them an email a year ago but have never had a reply.
We were contacted by a shareholder who bought into their PR on Crowdcube. He has not had any communication from them in over a year. He knows nothing about what they are trying to do and suspects they dont either. Crowdcube have been useless at bridging the gap. They simply dont care - commission has been paid, sought it out yourself.
It is the usual Crowdcube serving of ridiculously ambitious plans, covered in PR gravy with lashings of bullshit on the side. Followed by a pudding of total mystery, served with the lights off. It leaves a long, lingering, foul taste in the mouth.
Comments from our egocentric would be pilots, always welcomed.
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