Damisports Ltd

Damisports Ltd is a small, active company based in Totnes, UK, founded just three years ago in 2021. It's a solo-founded operation with a single director and owner, Kumolu-johnson Adedamola Abayomi Henry, and employs just one person. The company holds £40,771 in assets, but its registered address is likely virtual, as thirty-two companies share the same location. Damisports Ltd regularly imports vehicles, parts, and accessories (excluding trains and trams), with six months of import activity recorded, the latest in November 2024. The company operates in the management consultancy activities other than financial management industries.

The company’s website, The Realistic Optimist, focuses on interviewing founders and VCs globally. It showcases a series of startups primarily based in Africa, Brazil, and the MENA region, covering sectors like insect protein, women’s health, solar energy, and SME lending. The site doesn’s appear to be an e-commerce platform, instead serving as a content hub for showcasing innovative businesses and providing insights into emerging markets. It’s a interesting angle for a management consultancy.

Financially, Damisports Ltd presents a mixed picture. Current assets increased by 24% to £41,000, while net assets rose by 18% to £29,000. However, cash bank on hand decreased by 21% to £5,600, and trade debtors decreased by 11% to £23,000. Creditors decreased by 37% to £3,500, which is a good sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in cash reserves should be monitored. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Damisports Ltd seems to be holding its own, but it’s likely burning through cash to fuel its operations and content creation. The focus on showcasing innovative startups suggests a strategy of building brand awareness and establishing itself as a thought leader in the management consultancy space—though it’s not clear how this translates to revenue.

Registered in England/Wales under the registration number 13632262, with a registered address at TQ9 5JU, England, Totnes, Riversdale, Ashburton Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.