CATHAY ODYSSEY TRAVEL LTD

🌱Startupactive
SC821145 · ltd · incorporated 2024-08-30
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 85 → 45
  • · Bankability: 65 → 45
  • · Opportunity score: 68 → 61
  • · Distress / opportunity: avoid → speculative
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 3 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • ↓Opportunity score: 68 → 61
  • ↓Hygiene score: 85 → 45
  • ↓Bankability: 65 → 45
  • ·Distress / opportunity: avoid → speculative
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: Public relations and communications activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 79110Travel agency activities
  • 79120Tour operator activities
  • 85520Cultural education
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 6 with DOB)
90
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-01-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-01-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-01-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-01-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2026-01-03
    ➕
    GAO, Mingjun appointed
    director
  6. 2025-12-31
    ➖
    ZHOU, Ziqi resigned
    director
  7. 2025-07-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-07-10
    ➕
    ZHOU, Ziqi appointed
    director
  9. 2025-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2025-05-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2025-05-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2025-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2025-05-14
    ➖
    ZHOU, Ziqi resigned
    director
  15. 2025-05-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2025-05-13
    ➕
    KANG, Junhui appointed
    director
  17. 2024-10-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-09-27
    ➕
    ZHOU, Ziqi appointed
    director
  19. 2024-09-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2024-09-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2024-09-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2024-09-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  23. 2024-09-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2024-09-26
    ➖
    PU, Shiyu resigned
    director
  25. 2024-09-22
    ➖
    GAO, Mingjun resigned
    director
  26. 2024-08-30
    🏢
    Company incorporated
    As CATHAY ODYSSEY TRAVEL LTD
  27. 2024-08-30
    ➕
    GAO, Mingjun appointed
    director
  28. 2024-08-30
    ➕
    PU, Shiyu appointed
    director
  29. 2024-08-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 1.9 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-05-30

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mingjun Gao
Individual · Chinese · DOB 09/2002 · age 24
50–75%
—50-75% shares · trust interest · firm interest02/01/2026
Mr Junhui Kang
Individual · Chinese · DOB 09/1995 · age 31
25–50%
—25-50% shares01/05/2025
4 historic (ceased) PSCs
  • Mr Shiyu Puceased 16/12/2025· 25-50% shares
  • Miss Ziqi Zhouceased 01/05/2025· 75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest
  • Mr Shiyu Puceased 27/09/2024· 25-50% shares · 25-50% voting · board control
  • Mr Mingjun Gaoceased 23/09/2024· 25-50% shares · 25-50% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
MOULSDALE INVESTMENTS LIMITED→
SC491741 · est 2014
£117.51M
£86.58M–£148.43M
——11810011y8372y
MCGHEE GROUP LIMITED→
SC362390 · est 2009
£20.62M
£15.19M–£26.04M
———16y8767y
I3WORKS LTD→
SC477423 · est 2014
£16.71M
£12.31M–£21.11M
£38.15M—1420012y9261y
DOUGALL HOLDINGS LIMITED→
SC182259 · est 1998
£15.47M
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——54028y8584y
INTERLOCK INVESTMENTS LIMITED→
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'A' FLIGHT AVIATION LIMITED→
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——£1.74M—19y8358y
ANDERSON KNIGHT LIMITED→
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ASSISTING SUCCESS LIMITED→
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——£29.2k—20y8362y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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Available from the Pro tier upwards.

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Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2024-08-30
Jurisdictionscotland
Primary SIC70210 — Public relations and communications activities

Registered office

Flat 1.07 20-23 Woodside Place
Glasgow
G3 7QL
Scotland

Filing status

Accounts
Next due: 2026-05-30OVERDUE
Last made up to: —
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29

Officers (2 active · 4 resigned)

GAO, Mingjun→
director · ~24y · appointed 2026-01-03
View their other companies + combined net worth →
Active
KANG, Junhui→
director · ~31y · appointed 2025-05-13
View their other companies + combined net worth →
Active
GAO, Mingjun→
director · ~24y · appointed 2024-08-30 · resigned 2024-09-22
Resigned
PU, Shiyu→
director · ~26y · appointed 2024-08-30 · resigned 2024-09-26
Resigned
ZHOU, Ziqi→
director · ~29y · appointed 2025-07-10 · resigned 2025-12-31
Resigned
ZHOU, Ziqi→
director · ~29y · appointed 2024-09-27 · resigned 2025-05-14
Resigned

Click a director name to see their full track record across all companies.

Recent filings (19 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-06
appoint-person-director-company-with-name-date
officers · AP01
2026-01-06
termination-director-company-with-name-termination-date
officers · TM01
2026-01-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
appoint-person-director-company-with-name-date
officers · AP01
2025-07-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-02
termination-director-company-with-name-termination-date
officers · TM01
2025-05-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-15
appoint-person-director-company-with-name-date
officers · AP01
2025-05-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-14
appoint-person-director-company-with-name-date
officers · AP01
2024-10-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-27
termination-director-company-with-name-termination-date
officers · TM01
2024-09-27