IronFX UK Renamed Entity Sees Declining Revenues in 2015

Revenues and profits were pointed lower in 2015 despite securing a sizable gain in assets.

8SAFE UK Limited, the former IronFX UK-based company, has reported its full accounts for the year ending December 31, 2015, which showed a notable decline across key metrics YoY, according to a recent regulatory filing.

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Back in November 2015, IronFX Global UK Limited officially changed its name to 8SAFE UK Limited, retaining its license with the UK’s Financial Conduct Authority (FCA), (no. 585561). An overview of its year-end figures captures a decreasing performance across its revenues and profits for the period ending December 31, 2015.

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As such, 8SAFE UK Limited disclosed revenues of $4,195,631 (£3,435,522) for the year ending December 31, 2015 – this corresponded to a decrease of -39.4% YoY from $6,918,085 (£5,663,969) for the period ending December 31, 2014.

In addition, 8SAFE UK also saw its 2015 profits take a slight tumble, registering a figure of $212,816 (£174,242) in December 31, 2015. Compared to the year prior however, the group’s profits waned from $243,973 (£199,752), or -12.8% YoY.

One area that did see a substantial increase in 2015 was across 8SAFE’s total assets. For the period ending December 31, 2015, the group reported its total assets at $16,828,435 (£13,778,270) reflective of a growth of 239.6% YoY from $4,954,724 (£4,056,594) for the year ending December 31, 2014.

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