Tickmill UK Sees 86% Profit Jump in 2021 despite a Revenue Decline


FCA-regulated Tickmill UK Limited, a subsidiary of the wider Tickmill Group, reported an 86 percent jump in the pre-tax profits for the year 2021, which ended on December 31. The absolute figure came in at £1.48 million, compared to £796,121 in the previous year.

After considering taxes, the net income at the end of the year came in at £1.26 million, increasing from £677,290.

However, the total revenue of the broker from its UK operations declined. It came in at £7.68 million, which decreased by 8.3 percent year-over-year. Interestingly, the broker managed to reduce the administrative expense for the year, resulting in an operating profit of £1.5 million, which is an annual increase of 85.5 percent.

The offerings of Tickmill include currency pairs and CFDs of indices, commodities and bonds. In addition, it introduced exchange-traded derivatives (ETDs) to its retail and professional clients and invested heavily in the new business line. Moreover, it continues to expand its product offering.

Client Metrics

The Companies House filing further highlighted the trading activities on the UK platform, which remained almost flat. The trading volume in the last fiscal year came in at $195 billion, compared to the prior year’s $196 billion. The significant decline in trading activities can also be seen from a declining number of trades: it dropped down to 8.6 million from 9.8 million.

On top of that, the number of new clients onboarded by the UK platform of Tickmill declined by 40 percent. It onboarded 3,947 clients last fiscal, compared to 6,618 in the previous one.

“For the twelve months… trading conditions were again affected by fluctuations in market volatility as a result of the global COVID pandemic that has dominated much of 2020 and 2021,” the Companies House filing stated. Furthermore, major geopolitical events pushed the trading volumes and number of trades down.

FCA-regulated Tickmill UK Limited, a subsidiary of the wider Tickmill Group, reported an 86 percent jump in the pre-tax profits for the year 2021, which ended on December 31. The absolute figure came in at £1.48 million, compared to £796,121 in the previous year.

After considering taxes, the net income at the end of the year came in at £1.26 million, increasing from £677,290.

However, the total revenue of the broker from its UK operations declined. It came in at £7.68 million, which decreased by 8.3 percent year-over-year. Interestingly, the broker managed to reduce the administrative expense for the year, resulting in an operating profit of £1.5 million, which is an annual increase of 85.5 percent.

The offerings of Tickmill include currency pairs and CFDs of indices, commodities and bonds. In addition, it introduced exchange-traded derivatives (ETDs) to its retail and professional clients and invested heavily in the new business line. Moreover, it continues to expand its product offering.

Client Metrics

The Companies House filing further highlighted the trading activities on the UK platform, which remained almost flat. The trading volume in the last fiscal year came in at $195 billion, compared to the prior year’s $196 billion. The significant decline in trading activities can also be seen from a declining number of trades: it dropped down to 8.6 million from 9.8 million.

On top of that, the number of new clients onboarded by the UK platform of Tickmill declined by 40 percent. It onboarded 3,947 clients last fiscal, compared to 6,618 in the previous one.

“For the twelve months… trading conditions were again affected by fluctuations in market volatility as a result of the global COVID pandemic that has dominated much of 2020 and 2021,” the Companies House filing stated. Furthermore, major geopolitical events pushed the trading volumes and number of trades down.



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