Advanced Markets UK Turns Profitable in 2021, Revenue Jumps 13%


Advanced Markets (UK) Limited, the FCA-regulated subsidiary of the wider Advanced Markets Group, turned a profit in 2021 fiscal with a healthy jump in revenue as well.

The published numbers only show the performance of the UK unit and not the group or any other subsidiaries.

According to the latest Companies House filing of the company, it ended the financial year, ended on 31 December 2021, generating a revenue of $1.29 million. The figure was more than 13 percent higher than the one reported in the previous year.

Though the administrative costs to the company jumped to $1.31 million from $1.28 million, the company gained $49,850 from other operating income sources. It ended the year with an operating profit of $29,900, compared to an operating loss of $136,487 in the previous year.

A Profitable Company

After considering payable and receivable interest, the UK arm of the group reported a profit of $10,330, recovering from a loss of $111,367 in the last year. It was the first time the FCA-regulated arm of Advanced Markets has turned a profit since its establishment in 2018.

“The results for the period were in line with the expectations of the directors,” the Companies House filing stated. “ The combination of the changes in regulation and historical lows in the volatility of the markets slowed the initial growth pattern that they were expecting. However, their long-term commitment remains.”

“[The] fiscal year 2022 has started well, and the directors continue to expect positive returns moving forward.”

Advanced Markets provides institutional foreign exchange Liquidity and prime-of-prime services to the Forex and CFDs trading industry. The Group is headquartered in the United States and operates globally with a presence in several jurisdictions.

Earlier this month, Advanced Markets Group strengthened its compliance team by onboarding Evangeline Mauthe as a Compliance and Anti-Money Laundering Officer.

Advanced Markets (UK) Limited, the FCA-regulated subsidiary of the wider Advanced Markets Group, turned a profit in 2021 fiscal with a healthy jump in revenue as well.

The published numbers only show the performance of the UK unit and not the group or any other subsidiaries.

According to the latest Companies House filing of the company, it ended the financial year, ended on 31 December 2021, generating a revenue of $1.29 million. The figure was more than 13 percent higher than the one reported in the previous year.

Though the administrative costs to the company jumped to $1.31 million from $1.28 million, the company gained $49,850 from other operating income sources. It ended the year with an operating profit of $29,900, compared to an operating loss of $136,487 in the previous year.

A Profitable Company

After considering payable and receivable interest, the UK arm of the group reported a profit of $10,330, recovering from a loss of $111,367 in the last year. It was the first time the FCA-regulated arm of Advanced Markets has turned a profit since its establishment in 2018.

“The results for the period were in line with the expectations of the directors,” the Companies House filing stated. “ The combination of the changes in regulation and historical lows in the volatility of the markets slowed the initial growth pattern that they were expecting. However, their long-term commitment remains.”

“[The] fiscal year 2022 has started well, and the directors continue to expect positive returns moving forward.”

Advanced Markets provides institutional foreign exchange Liquidity and prime-of-prime services to the Forex and CFDs trading industry. The Group is headquartered in the United States and operates globally with a presence in several jurisdictions.

Earlier this month, Advanced Markets Group strengthened its compliance team by onboarding Evangeline Mauthe as a Compliance and Anti-Money Laundering Officer.



Source link

Related articles

Tango Line MT4 Indicator – ForexMT4Indicators.com

The Tango Line MT4 Indicator is a customized technical...

Australian Regulator Flags Bitget for 125x-Leveraged Crypto Futures Choices

The Australian monetary market regulator has warned towards the cryptocurrency alternate Bitget, which has been providing “unlicensed” futures merchandise with 125:1 leverage. The alternate doesn't maintain the right native licence to supply crypto...

Preview – BOJ to carry charges this week, could sign future hikes as outlook improves

The Financial institution of Japan is anticipated to maintain its short-term coverage price at 0.5% at Thursday’s assembly:resolution due between 0230–0330 GMT / 2230 - 2330 US Japanese time (on Wednesday 30 July)however...

Mastercard Inventory Is A Purchase Amid Stablecoin Concern (NYSE:MA)

This text was written byComply withTriba Analysis's mission is to uncover high-quality companies with the potential to ship sustainable, double-digit returns over the long run. The agency's technique focuses on figuring out firms...

PatternSense Professional – My Buying and selling – 27 July 2025

PatternSense Professional Multi-Asset EA Skilled Multi-Timeframe Buying and selling System with Superior Restoration 🏆 Remodel Your Buying and selling with Institutional-Grade Know-how ...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com