ADS Securities London Records 2015 Results Nearly Year After Launch

ADS Securities London also revealed a new capital infusion in its 2015 filings.

United Kingdom-based ADS Securities London Limited has filed its Company House report for 2015, according to recently updated data. The company’s Board of Directors presented their strategic report for the year ended December 31, 2015, showing an increased profit year-over-year, along with a widening loss, and a new capital infusion, among other highlights.

Gross profit jumped over 76%, reaching over £3.29 million for 2015, higher by over £1.42 million from the nearly £1.87 million reported for 2014, yet the group reported a loss of over £5.48 million – driven by £8.77 million in administrative expenses last year. Those increased costs had more than offset the gross profit reported and caused its year-over-year loss to widen from the more than £1.7 million reported loss for its 2014 period It’s noteworthy to point out that the 2014 figures related to Pioneer – before it was acquired by ADS, as explained by people familiar.

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“ADS Securities London is one year old and in 2015 the company made a considerable capital investment in setting up its operations.  This was in line with the business plan and the firm is on target to achieve its business goals. ADS Securities is committed to building a very strong presence in London working under the regulation provided by the FCA,” said James Watson, CEO of ADS Securities London Limited.

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Capital infusion of £3.5m

However, compared to 2014, net assets were little changed through 2015, and the filing noted that subsequent events included the firm receiving a capital infusion of £3.5 million on March 31, 2016. The main source of capital is from its parent company ADS Holding LLC based in the United Arab Emirates (UAE), and the new infusion increased its capital from £10.5 million to £14 million, according to the filings.

The brand has made a number of investments back into its business – including recent advertisements featuring famous movie stars – to help fuel its growth and leading to the increased administrative costs. ADS Securities also revealed last week the launch of its prime of prime (PoP) offering that enables firms to use its solution for their prime brokerage (PB) needs – even when liquidity is sourced from other liquidity providers (LPs).

Growth expected

The 2015 strategic report was signed by the firm’s directors at the end of last month, with financials audited by Ernst & Young, and noted that growth is anticipated in the future for the group’s institutional and retail segments in the months ahead. It plans to hire additional sales staff among other efforts underway.

The company noted plans to offer a full white-labelled version of the Orix Optim platform for London, enabling the offering of CFDs, spot forex, and spread betting via mobile. Later in 2016 the firm noted plans to offer out FX forwards and non-deliverable forwards to help round out its suite of forex products.

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