The 1992–93 season, was the Guildford Flames first ever year of Ice Hockey. They competed in the English League Division One. Guildford's first ever competitive game was a 12–1 away victory at the Sunderland Chiefs on 17 October 1992. Due to the Guildford Spectrum not being completed in time for the start of the season, the Flames trained at Slough. The Guildford Flames played the majority of their away fixtures in the early stages of the season, using Alexandra Palace in North London when home fixtures were unavoidable.
The Guildford Flames eventually opened the £28 million council owned arena on Saturday 23 January 1993, when they thrashed the Stevenage Sharks 13–3, in front of 2,139 spectators. Andy Sparks scored the first-ever goal at the Spectrum at just 1.33 into the game.
After finishing with a record of twenty-five wins, six losses and one draw, the Guildford Flames lost the league championship at Solihull Barons with a three goal aggregate defeat. The first game played on 7 April 1993 saw the Guildford Flames pick up a slender 7–6 victory on home ice, however the return leg played on 10 April 1993 saw the Barons win 10–6 and secure a 16–13 aggregate victory. The Flames then finished joint third with surprise contenders Bristol Bulldogs in the qualification play-off standings.