Bizinga Ltd

Bizinga Ltd from London UK: a small, active company founded two years ago, operates from a virtual address, and is led by a solo founder who also serves as its director and owner. The company meets two of the three conditions to be classified as small – turnover under £10.2 million and a balance sheet total under £5.1 million – and employs fewer than 50 people.

Bizinga's website is all about winning! It's a platform offering free online games with the promise of branded products like iPhones and holiday trips. Users create accounts, play games in "Gamerooms" or "Brand" sections, and can win vouchers, cashbacks, and other rewards. The site encourages users to complete their profiles and refer friends to increase their winning chances. It’s clearly an online gaming and rewards platform, heavily focused on attracting and retaining users through the allure of free prizes. It's an ecommerce business, but not in the traditional sense—it's more of a prize-based gaming ecosystem.

Financially, Bizinga Ltd presents a concerning picture. While the company is small and exempt from a full audit, its figures reveal a struggle. Net assets have plummeted into negative territory, standing at -£2,000, and cash reserves are virtually depleted. Loans from directors increased significantly, reaching £2,000, suggesting a reliance on personal funding. Although creditors are also at £2,000, this is still a worrying trend. The lack of employees (zero reported) indicates a very lean operation, but the negative equity and reliance on loans raise questions about its long-term viability. The accounts are described as "filleted" and prepared under FRS 102 Section 1A, which is standard for small entities, but the overall trend suggests the company is burning through money faster than it’s generating revenue.

Registered in England/Wales under the registration number 14522210, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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