Enigma Titanium Ltd

Enigma Titanium Ltd, based in East Sussex, UK, is a small, active family business established eighteen years ago. With twelve employees and £1,120,179 in assets, the company operates from a virtual address—a detail flagged by ninety-one other companies registered at the same location—and is led by three directors and two owners. It runs an e-commerce site and regularly imports and exports vehicles, parts, and accessories (excluding trains and trams), with a history of 155 months of imports and 118 months of exports. The company specializes in crafting handmade titanium and steel bicycles, offering both ready-to-ride options and bespoke builds.

The company's website, Enigma Bicycle Works, showcases a commitment to quality and craftsmanship, highlighting its expertise in titanium frame building and offering services like paintwork customization and frame finishing. It even has a showroom in Harrods, London. The site emphasizes award-winning paint shops and handcrafted precision, positioning Enigma as a premium brand in the cycling world. The company’s mission is to create exceptional bicycles that blend performance with timeless craftsmanship.

Financially, Enigma Titanium Ltd demonstrates a positive trend. Current assets increased by 16%, reaching £1,100,000, while net assets grew by 19%, hitting £1,000,000. Cash reserves rose a substantial 19%, reaching £490,000. Trade debtors decreased by 12%, suggesting improved collection efficiency, and creditors also fell, indicating better debt management. Bank borrowings increased slightly, but overall, the company's financial health appears robust. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The lack of an auditor is typical for a small company, relying on unaudited statements.

Despite the positive numbers, it’s worth noting that provisions for liabilities increased significantly, which could be a sign of future obligations. The company’s continued focus on high-end bicycles and its commitment to British craftsmanship—combined with a strong online presence—suggests it’s well-positioned for continued success, although it’s important to keep an eye on those growing provisions.

Registered in England/Wales under the registration number 05933383, with a registered address at BN27 1DW, East Sussex, 30-34 North Street, Hailsham.

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