Again, the team spent some time consolidating their position after promotion, finishing 9th and 11th in successive years, before the 2006/2007 season saw them rise to 5th in the league, and saw them make the semi-finals in their first Division One playoff appearance.

On 10 May 2007 it was announced that London Capital would become the latest addition to the British Basketball League's mass-expansion for the 2007-08 season,[3] as the 12th team to line up after the newly formed Birmingham Panthers.

The new elite franchise wasted no time in preparing for life in the professional league and on 28 June announced that former Los Angeles Lakers player Steve Bucknall would be coaching the team for their rookie season in the BBL.

A major coup during pre-season for the fledgling franchise was the acquisition of North Carolina's starting guard Wes Miller, who made his debut with a 49-point haul against Milton Keynes Lions on 22 September 2007, Capital's first game in the top flight.

During the Christmas period, there were major changes in the team's roster, signing Czech international Jaromir Fohler and American Fred Williams, but losing their star player Miller through retirement.

The season turned out to be a disaster, with the roster seemingly becoming a revolving door and constant changes to the line-up ensured a lack of consistency and a disappointing 2-31 finish in last place in the league, along with early exits in both Cup and Trophy.