Inspion Sports Ltd

Inspion Sports Ltd is a small, active company based in London, UK, founded thirteen years ago in 2011. With just three employees and £8,189 in assets, it operates from a virtual address shared by eighty-four other companies, a detail that raises some questions. The company is led by one director and owner, Tofalides Alexander Andreas. It’s an irregular importer, primarily dealing in toys, games, and sports equipment, with its last import activity recorded one month ago in January 2022.

The company’s website highlights its mission to teach life skills through fencing. It offers fencing equipment for sale, runs classes in schools and clubs, and even facilitates bookings for guest speakers – national champions and Olympians. The website also mentions a syllabus designed to develop transferable skills and offers access to high-quality fencing equipment. It seems they are trying to build a brand around fencing instruction and equipment sales, targeting schools, clubs, and individual athletes.

Financially, Inspion Sports Ltd presents a mixed picture. Current assets have fallen significantly by 64%, dropping to £8,189, while net assets have plummeted 180% to -£45,000. Bank borrowings have increased by a staggering 92%, reaching £11,000, and cash reserves have completely vanished. Creditors have also risen by 41%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. It seems like they are burning through money, and the sharp decline in equity is concerning. The company has not mentioned an auditor.

Registered in England/Wales under the registration number 07718006, with a registered address at N11 2UT, London, 12 Gateway Mews, Bounds Green.

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