Tickmill UK Ltd swung to profitability in the year ended 31 December 2024, posting net profit after tax of £881,363 compared with £77,519 in 2023—a 1,036% year-over-year increase. The London-based forex and contracts-for-difference broker reported revenue of £6.21 million, down 6.6% from £6.64 million prior year, though trading volume expanded to USD 136 billion notional from USD 189 billion in 2023.
- Revenue: £6.21 million (-6.6% year-over-year)
- Operating Profit: £637,226 (vs. loss of £107,188 prior year)
- Profit Before Tax: £1.16 million (vs. £122,905 prior year)
- Net Profit After Tax: £881,363 (vs. £77,519 prior year)
- Client Assets Under Management: £11.9 million (vs. £15.6 million prior year)
- Segregated Client Funds: £11.86 billion
- Average Headcount: 15 employees (vs. 24 prior year)
- Finance Income: £523,592 (vs. £240,096 prior year)
The FCA-regulated firm attributed improved profitability to better cost management, with administration expenses declining to £7.77 million from £9.53 million. Staff headcount fell to an average of 15 from 24 employees, reflecting operational streamlining. Other operating income from intercompany recharges and service-level agreements totaled £2.20 million.
The company maintained strong liquidity with cash and equivalents of £20.96 million, up from £16.75 million. Tax expense totaled £275,553 at a 25% corporation tax rate. Directors stated the company remains a going concern with adequate capital resources to continue operations. No dividends were paid or proposed during the period.
