Trading Point of Financial Instruments UK Sees 56% Dip in Revenues during 2021

Trading Point of Financial Instruments UK Limited has recently published its financial results for 2021. During the mentioned period, the financial services provider saw a substantial jump in losses. For the whole year, the company reported a loss of £1.17 million, compared to a loss of £118,000 in the previous year.

As far as the company’s revenue is concerned, the figure touched £705,000 in 2021, which is nearly 56% lower compared to £1.6 million in 2020.

Operating expenses also witnessed an uptick during the past year. In terms of current assets, cash and cash equivalents were £2,559,297, compared to £3,721,817 in 2020.

“The company’s net asset position fell to £2,464,244, compared to £3,630,148, and this was due to losses incurred during the year. In addition, cash and cash equivalents amounted to £2,559,297, compared to £3,721,817 in the prior year, indicating its ability to cover obligations as they fall due,” Trading Point of Financial Instruments UK mentioned in the latest report.

Recent Performance

In the past few years, Trading Point of Financial Instruments UK Limited has witnessed a dip in revenues. According to the details available on Companies House Services, Trading Point of Financial Instruments UK Limited was incorporated on 12 February 2015.

The company offers financial services in a wide range of assets.