Binky Ltd

Binky Ltd is a small, active company based in London, UK, founded three years ago. This solo-founder operation employs just one person and holds £25,171 in assets, operating from a virtual address. With a single director and owner – Welch Alexis Joy – Binky Ltd runs an e-commerce site specializing in retail sales via mail order and the internet.

The website, Binky, showcases a curated selection of gifts, stationery, and wrapping paper, targeting parents and gift-givers. It features a wide range of products, from Meri Meri bunny sticker sketchbooks to folded wrapping paper with cute dog designs. The site is well-organized, with clear categories for age, personality, and play style, and even offers a “Shop by age” section. The site also has a journal section, and a sale section. The site’s design is bright and cheerful, reflecting the playful nature of its products. It’s clear Binky is aiming to be a go-to destination for unique and delightful gifts.

Financially, Binky Ltd is showing some concerning trends. While cash bank on hand increased slightly, from £2,700 to £2,800, net current assets liabilities have increased dramatically, from -£43,000 to -£100,000. Creditors have also risen significantly, from £56,000 to £130,000. Trade debtors have increased by 56%, which could be a sign of delayed payments. The company’s small size (meeting two of three criteria for a small company) helps it remain agile, but the increasing liabilities suggest it's burning through cash. With no auditor mentioned, the figures are unaudited.

Overall, Binky Ltd appears to be a promising e-commerce venture with a distinctive brand, but its financial situation requires close attention. The company’s ability to manage its liabilities and maintain a healthy cash flow will be crucial for its long-term success.

Registered in England/Wales under the registration number 13545298, with a registered address at EC2A 4NE, England, London, 86-90 Paul Street, 3rd Floor.

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