CFD Broker BP Prime Operator Reports £570K Revenue in 2026 as Annual Loss Narrows

Black Pearl Securities, a contracts for difference broker operating under the BP Prime brand, reported a sharp decline in revenue for the financial year ended 31 March 2026, while reducing its net loss, according to its latest annual accounts.

The company generated turnover of £570,722, down from £3.52 million in the previous financial year. After cost of sales of £175,286, it recorded a gross profit of £395,436, compared with £229,248 a year earlier.

BP Prime Operator Cuts Loss, Flags Liquidity

Despite the increase in gross profit, Black Pearl Securities remained loss-making after administrative expenses of £647,856, which resulted in an operating loss of £252,420. The figure was an improvement from the £593,362 operating loss reported for the year ended 31 March 2025.

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The directors said the company's main financial risks relate to counterparty credit risk and maintaining sufficient liquidity to meet regulatory capital requirements and working capital needs. They added that the company "does not take positions which expose it to material risk" and "does not have a material exposure to foreign exchange movement."

Directors Review Capital, Profitability, Risk Regularly

The filing also identified information technology failure as the company's principal non-financial risk. According to the directors, the risk is mitigated through "appropriate backup systems and procedures and a disaster recovery programme."

Interest receivable and similar income fell to £8,321 from £23,366 in the previous year. As a result, loss before taxation narrowed to £244,099, compared with £569,996 in the prior financial year.

The company recognized a tax credit of £2,670, down from £142,756 in 2025. After the tax credit, Black Pearl Securities reported a net loss of £241,429, an improvement from the £427,240 net loss recorded a year earlier.

The directors also said they regularly review "profitability and regulatory capital management, business planning and risk management." The filing added that the company follows the "standardised approach to the market risk" and the "simplified standard approach to credit risk." All operations were treated as continuing during the reporting period.