Tickmill UK Ltd, the Financial Conduct Authority-regulated unit of the larger Tickmill Group, ended 2022 with an annual revenue of £6.18 million, a decline of 19.5 percent from the previous year’s £7.6 million. Its yearly net profit also halved to £643,284.
A Struggling Year for Tickmill UK?
According to the latest Companies House filing, the UK-registered company witnessed an operating profit of £809,782 last year, which was derived from adding the income from other sources to the revenue and deducting the administrative expenses. Although the company managed to cut down its administrative expenses, the declined revenue pushed down the operating profit by over 46 percent.
The pre-tax profit of the company came in at £786,901 compared to £1.48 million in the previous year. After taxes, the net profit figure depleted more than 49 percent from 2021’s £1.27 million. The decline came after a year when the profits of the UK company significantly increased.
Tickmill is a broad retail brokerage brand with its services extended globally. Apart from the UK, other local subsidiaries of the brokerage group are regulated in Dubai, Cyprus, South Africa, Seychelles, and Malaysia. The numbers reported to the Companies House only show the performance of the UK entity and not any other global subsidiary.
Tickmill UK primarily generates revenue from spreads on contracts for differences (CFDs) and from commissions charged on exchange-traded derivatives.
Declining Trading Activities
The filing further revealed that the company’s return on capital employed fell to 5 percent from 9.4 percent in the previous year. However, the money under management improved to £16.7 million from £16.4 million.
The trading volume handled by the UK-registered company also dropped to $189 billion of notional value from $195 billion in the previous year.
“The primary key performance indicators that management of the company uses to monitor its business and performance are capital employed, trading volume, and profitability,” the Companies House filing stated. “Against the backdrop of challenging trading and regulatory conditions and significant geo-political factors and influences, management is encouraged by the results.”
Tickmill UK Ltd, the Financial Conduct Authority-regulated unit of the larger Tickmill Group, ended 2022 with an annual revenue of £6.18 million, a decline of 19.5 percent from the previous year’s £7.6 million. Its yearly net profit also halved to £643,284.
A Struggling Year for Tickmill UK?
According to the latest Companies House filing, the UK-registered company witnessed an operating profit of £809,782 last year, which was derived from adding the income from other sources to the revenue and deducting the administrative expenses. Although the company managed to cut down its administrative expenses, the declined revenue pushed down the operating profit by over 46 percent.
The pre-tax profit of the company came in at £786,901 compared to £1.48 million in the previous year. After taxes, the net profit figure depleted more than 49 percent from 2021’s £1.27 million. The decline came after a year when the profits of the UK company significantly increased.
Tickmill is a broad retail brokerage brand with its services extended globally. Apart from the UK, other local subsidiaries of the brokerage group are regulated in Dubai, Cyprus, South Africa, Seychelles, and Malaysia. The numbers reported to the Companies House only show the performance of the UK entity and not any other global subsidiary.
Tickmill UK primarily generates revenue from spreads on contracts for differences (CFDs) and from commissions charged on exchange-traded derivatives.
Declining Trading Activities
The filing further revealed that the company’s return on capital employed fell to 5 percent from 9.4 percent in the previous year. However, the money under management improved to £16.7 million from £16.4 million.
The trading volume handled by the UK-registered company also dropped to $189 billion of notional value from $195 billion in the previous year.
“The primary key performance indicators that management of the company uses to monitor its business and performance are capital employed, trading volume, and profitability,” the Companies House filing stated. “Against the backdrop of challenging trading and regulatory conditions and significant geo-political factors and influences, management is encouraged by the results.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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