Advanced Markets UK Sees 82% Jump in FY2020 Revenue
- The revenue of the UK subsidiary came in at $1.15 million.
Advanced Markets (UK) Limited, the British subsidiary of the wider Advanced Markets Group, published its financials for 2020, ending on December 31, reporting a significant jump in its yearly revenue and narrowing down of its losses.
The revenue for the period came in at almost $1.15 million, compared to $637,070 generated in the previous year. That was a year-over-year gain of more than 82 percent.
Despite the heavy surge in turnover, the administrative expense of the UK company only shot up by nearly 22 percent to $1.28 million. With this, it turned in a yearly operating loss of $136,487, which is much lower than the previous year’s loss of $415,490.
Considering other expenses and income, the net loss of the UK subsidiary came in at $111,367 for the 12 months.
“The results for the period were in line with the expectations of the directors,” the Companies House filing stated. “The combination of changes in regulations and historical lows in the volatility of the markets slowed the initial growth pattern that they were expecting.”
“However, their long-term commitment remains. [The] fiscal year 2021 started well, and the directors continued to expect positive returns moving forward.”
A Global Company
Advanced Markets provides institutional foreign exchange Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and prime-of-prime services to the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading industry. The Group is headquartered in the United States and operates globally with a presence in several jurisdictions. The published numbers only show the performance of the UK unit, and not the group or any other subsidiaries.
Meanwhile, Advanced Markets is strengthening its industry partnerships and has secured an investment from Forexify and Corbel Capital Partners earlier this year, which will be utilized in its global expansion.
Advanced Markets (UK) Limited, the British subsidiary of the wider Advanced Markets Group, published its financials for 2020, ending on December 31, reporting a significant jump in its yearly revenue and narrowing down of its losses.
The revenue for the period came in at almost $1.15 million, compared to $637,070 generated in the previous year. That was a year-over-year gain of more than 82 percent.
Despite the heavy surge in turnover, the administrative expense of the UK company only shot up by nearly 22 percent to $1.28 million. With this, it turned in a yearly operating loss of $136,487, which is much lower than the previous year’s loss of $415,490.
Considering other expenses and income, the net loss of the UK subsidiary came in at $111,367 for the 12 months.
“The results for the period were in line with the expectations of the directors,” the Companies House filing stated. “The combination of changes in regulations and historical lows in the volatility of the markets slowed the initial growth pattern that they were expecting.”
“However, their long-term commitment remains. [The] fiscal year 2021 started well, and the directors continued to expect positive returns moving forward.”
A Global Company
Advanced Markets provides institutional foreign exchange Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and prime-of-prime services to the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading industry. The Group is headquartered in the United States and operates globally with a presence in several jurisdictions. The published numbers only show the performance of the UK unit, and not the group or any other subsidiaries.
Meanwhile, Advanced Markets is strengthening its industry partnerships and has secured an investment from Forexify and Corbel Capital Partners earlier this year, which will be utilized in its global expansion.