PingPong Payment (UK) Limited
Reference number: 974154
Instant download
Authorised by the FCA
This firm is on the FCA register and authorised to carry out regulated activities.
Website, phone number and address
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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Phone number
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Address
35 King St, London, EC2V 8BB, United Kingdom
In the full report: 3 background checks
- When pingpongx.com first appeared online, and whether it can receive email
- What kind of line 020 3885 6216 is
- Who else gives the postcode EC2V 8BB
Other names (1)
If you were contacted under any of these names, it is this firm.
- PingPong UK Trading name: A name it trades under now.
FCA permissions and consumer protection
- Handle payments & transfers Funds safeguardedYour money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
- Complaints Ombudsman, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 permissions)
- a) Services enabling cash placement on a payment account
- b) Services enabling cash withdrawals from a payment account
- c) Execution of payment transactions (not covered by a credit line)
- d) Execution of payment transactions (covered by a credit line)
- e) Issuing payment instruments or acquiring payment transactions
- f) Money remittance
- h) Issuing Electronic Money
Limits on what they may do
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Institution to refrain from AIS or PIS for an indefinite period
Must comply with the requirements in regulation 78A(2)(b)of the Electronic Money Regulations 2011 to refrain from providing account information services or payment initiation services for an indefinite period
FCA disciplinary action and complaints
No FCA disciplinary action.
The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.
Companies House record
The company behind the firm: its status, age, registered office and directors.
- Company number
- 12602063 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 14 May 2020 (6 years old)
- Registered office
- 35 King Street, London, EC2V 8BB, United Kingdom
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
- Other business support service activities not elsewhere classified (SIC 82990)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Ning Wang | Director | Jun 1973 | 10 Mar 2025 | None |
| Zheng Xu | Director | Feb 1978 | 10 Mar 2025 | None |
In the full report: every company its directors have run
- Confirmation that these 2 directors run no other company
- All 6 people who have been directors, with their dates
Filed accounts and finances
Profit before tax
−£3.20m
Not compared: the previous accounts cover a different length of time
Total equity
£2.33m
No earlier figure to compare
Cash at bank
£4.17m
+46% from £2.86m
Owed within a year
£4.55m
No earlier figure to compare
* Cash at bank usually includes customers’ money.
Assets and liabilities
In the full report: all 6 years of accounts
- Every year from 2021 to 2025
- The chart, over every year
- Every filed figure, year by year
About these figures
- Turnover
- Money taken from sales in the year, before any costs.
- Profit before tax
- What was left after the year’s costs, before corporation tax. A minus figure is a loss.
- Net assets, or total equity
- Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
- Total assets and total liabilities
- Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
- Cash at bank
- Money in the company’s accounts on the last day of the year.
- Owed within a year, owed after a year
- Debts and bills due in the next twelve months, and those due later.
Accounts filed at Companies House for company 12602063. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.
Key dates in its history
PingPong Payment (UK)’s history from the FCA register and Companies House, newest first.
2025
10 March 2025
- Board replaced: both directors left and 3 new directors took over
Companies House
30 January 2025
- Yu Chen took control (25–50% of shares)
Companies House
2023
7 July 2023
- Yu Chen gave up control
- Yu Chen took control (75–100% of shares)
Companies House
6 May 2023
- Flc3 (Hong Kong) Limited gave up control
- Flc3 (Hong Kong) Limited took control (75–100% of shares)
- Yu Chen gave up control
Companies House
13 April 2023
- FCA imposed a requirement (Institution to refrain from AIS or PIS for an indefinite period)
- Became an authorised e-money institution
FCA register
2022
14 April 2022
- Regulated by the FCA from this date
FCA register
16 March 2022
- Board replaced: its only director left and 2 new directors took over
Companies House
2020
14 May 2020
- Incorporated at Companies House
- Yu Chen took control (75–100% of shares)
Companies House
In the full report: all 24 events
- All 24 events in its history (13 shown here)
- Every director appointment and resignation: 10
Firms connected to PingPong Payment (UK)
Other FCA-listed firms that share a director, phone number or address with PingPong Payment (UK). A link shows who the firm is tied to, not whether either can be trusted.
- connected firm
- 1
- share its postcode
- 1
In the full report: the connected firm, named
- How it is linked: the same postcode (1)
- Who links it to this firm: the named directors, with dates
Firms like PingPong Payment (UK)
Other firms of the same type (payment or money transfer firm), nearest first.
In London
Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.
Get the full report on PingPong Payment (UK)
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- Every company its directors have run, named
- 3 background checks on its contact details
- 6 years of accounts, charted
- All 24 events in its history
- 1 connected firm, named, and who links them
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Frequently asked questions about this firm
Is PingPong Payment (UK) Limited FCA authorised?
What is PingPong Payment (UK)’s phone number and website?
Is PingPong Payment (UK) a scam or clone?
Is my money safe with PingPong Payment (UK)?
Who owns PingPong Payment (UK)?
Who runs PingPong Payment (UK)?
How long has PingPong Payment (UK) been in business?
What do PingPong Payment (UK)’s latest accounts show?
Does PingPong Payment (UK) use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- How safeguarding works fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk