Sigma Broking Limited

Sigma Broking Ltd, based in London, UK, is a small, active company founded sixteen years ago in 2008. With 44 employees and £31.89 million in assets, it’s a mid-sized player in the financial sector. The company, led by six directors and one owner, operates from a real address in the City of London and holds a Google rating of 3.0 based on seven reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import activity recorded over four years ago.

The company’s website paints a picture of a brokerage firm servicing institutional customers. Sigma Broking offers broking and execution services to investment banks, producers, and hedge funds, with offices in London, Dubai, and New York. It emphasizes seamless execution and caters to global financial markets. The site also highlights attention to fraudulent accounts impersonating Sigma Broking, urging customers to verify communications and report suspicious activity. The company is authorized and regulated by the Financial Conduct Authority and listed on the London Stock Exchange.

Financially, Sigma Broking Ltd shows a mixed bag. While turnover increased slightly to £25 million, operating profit decreased to -£0.38 million. Bank borrowings surged by 1,500% to £8.2 million, while cash reserves fell by 130% to £3.5 million. Creditors decreased by 48% to £32 million, suggesting better debt management. 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 remain nimble, but the increase in bank borrowings and decrease in cash reserves are concerning. The company’s accounts are unaudited, likely due to its small size, so the figures rely on director-reported data.

The company's administrative expenses decreased slightly, but the surge in bank borrowings suggests it may be burning through cash to maintain operations. The decrease in trade debtors is a positive sign, but the overall picture indicates a company facing financial pressures.

Registered in England/Wales under the registration number 06584426, with a registered address at EC2N 1AR, England, London, 20th Floor 125 Old Broad Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.