Odin Events Limited (07214690): administration
- Status
- In administration
- Administration began
- 2025-09-12
- Administrators
- Christopher Brindle, Richard Ian Williamson
- Administrators' firm
- Blend Accountants
- Formerly
- Empire Adventure Limited; Empire Sports Group Limited; Activ8 Sports Camps Ltd
- Incorporated
- 2010-04-07
- Location
- Blackpool
- Industry
- 90020 Support activities to performing arts
Why it went into administration
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Competition / price pressure
- Weather / natural events
From the administrators' statement
The Company operated as an event entertainment specialists trading under the name Odin Events. It was reasonably successful in the first ten years of trading with turnover increasing year on year. However, the gradual growth of the Company came to a halt following the onset of the COVID-19 Pandemic (‘the Pandemic’) in March 2020. The Pandemic had a significant impact on the Company’s ability to trade due to events being cancelled and no new work coming in.
Whilst trade recovered and turnover grew in the years following the Pandemic, the Company no longer had sufficient equipment to meet demand due to much of this being sold during the Pandemic and the monies received used to meet creditor liabilities and essential costs. Due to the High Street Banks being more cautious with their lending post Pandemic, the directors were forced to approach higher interest loan providers in order to acquire new equipment.
Due to a sharp rise in overhead costs the Company began to experience cashflow difficulties in 2024 and this continued into 2025. The Company struggled to meet loan repayments and due to the highly competitive nature of the industry, it was unable to pass these rising costs onto customers.
Administrators' statement of proposals (2025-09-23) · Companies House register