The company was acquired by Asseta Holding Limited, a firm incorporated in Abu Dhabi.
APM is now migrating all customers off the existing trading platform in preparation for the sale.
APM Capital Markets, formerly known as BUX Financial Services, released a strategic report accompanied by a financial report for the fiscal year ended 2023. The company reported declining revenue and profit, citing restricting plans amid the decision to sell the company and other EU-based CFD businesses.
Revenue declined to £843,938 from 1,523,424 during the same
period of 2022, and losses widened to £2,993,957 from £2,259,242 in the same period last year. According to the firm, there was a limited focus on
growing the business during this period and a shift to maintaining core
operations and regulatory requirements. This also affected the client base.
Cost-Cutting Measures
“There has been planned attrition of the UK client base
during the year and subsequently to the year-end, as the cost-cutting measures
involved migrating all customers off the existing trading platform to reach a
pause on trading activities before the sale of the company,” the company noted.
APM Capital entered into an acquisition agreement with Asseta Holding Limited, a company incorporated in Abu Dhabi, United Arab
Emirates. The company reportedly plans to launch a new trading platform and
grow its customer base in the UK, under APM Markets brand, supported by Asseta
Holding Limited.
Cost of sales increased from £2,239,965 to £3,085,522 during
the period, while operating losses also jumped from £2,363,137 to £2,994,215.
APM Capital’s financial position remains positive, although net assets declined
from £3,227,704 to £1,433,747. Total equity also dropped from £3,227,704 to
£1,433,747.
Name Change
Explaining further about the transaction, the company
mentioned that: “A share sale and purchase agreement was signed on May 17 2024,
followed by change in control approved from the FCA and completion of the
acquisition of the company in July 2024. Following the acquisition, the
company’s name changed to APM Capital Markets Limited.”
“The directors consider that the entity is a going concern
on the basis that it has received a letter of support and injection of cash
post year-end from Asseta Holding Limited, the acquiring parent entity, and
they are satisfied through their enquiries as to the intention and ability of
the parent to provide support.”
APM Capital Markets, formerly known as BUX Financial Services, released a strategic report accompanied by a financial report for the fiscal year ended 2023. The company reported declining revenue and profit, citing restricting plans amid the decision to sell the company and other EU-based CFD businesses.
Revenue declined to £843,938 from 1,523,424 during the same
period of 2022, and losses widened to £2,993,957 from £2,259,242 in the same period last year. According to the firm, there was a limited focus on
growing the business during this period and a shift to maintaining core
operations and regulatory requirements. This also affected the client base.
Cost-Cutting Measures
“There has been planned attrition of the UK client base
during the year and subsequently to the year-end, as the cost-cutting measures
involved migrating all customers off the existing trading platform to reach a
pause on trading activities before the sale of the company,” the company noted.
APM Capital entered into an acquisition agreement with Asseta Holding Limited, a company incorporated in Abu Dhabi, United Arab
Emirates. The company reportedly plans to launch a new trading platform and
grow its customer base in the UK, under APM Markets brand, supported by Asseta
Holding Limited.
Cost of sales increased from £2,239,965 to £3,085,522 during
the period, while operating losses also jumped from £2,363,137 to £2,994,215.
APM Capital’s financial position remains positive, although net assets declined
from £3,227,704 to £1,433,747. Total equity also dropped from £3,227,704 to
£1,433,747.
Name Change
Explaining further about the transaction, the company
mentioned that: “A share sale and purchase agreement was signed on May 17 2024,
followed by change in control approved from the FCA and completion of the
acquisition of the company in July 2024. Following the acquisition, the
company’s name changed to APM Capital Markets Limited.”
“The directors consider that the entity is a going concern
on the basis that it has received a letter of support and injection of cash
post year-end from Asseta Holding Limited, the acquiring parent entity, and
they are satisfied through their enquiries as to the intention and ability of
the parent to provide support.”
Plus500 Moves to Mend Fences with Shareholders After AGM Pushback
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24