Trading 212 UK Limited reported revenue of £94.1 million for the year ended Dec. 31, 2021, a 73% increase from £54.3 million in the prior year, according to accounts filed with UK Companies House.
The FCA-regulated stockbroking and CFD trading platform posted profit after tax of £45.3 million, more than doubling the £21.9 million recorded in 2020. Profit before tax rose to £56.0 million from £27.0 million in the previous year.
Operating profit climbed to £56.2 million from £27.2 million, driven by the company’s growth strategy focused on stockbroking services. Client money and asset balances grew from £2.1 billion at the start of the year to £2.9 billion by year-end.
The company received a significant capital injection during the period, with share capital increasing by £19.8 million through the issuance of 19.76 million ordinary shares at par value. Total equity rose to £94.0 million from £29.0 million.
Average headcount more than doubled to 17 employees from eight in 2020, reflecting investment in UK-based senior management including a new C-suite of executives.
Trading 212 UK holds segregated client money of £292.2 million as of Dec. 31, 2021, up from £309.4 million in the prior year. Total client custody assets stood at £2.6 billion.
The company operates as a MIFIDPRU £750k firm, providing commission-free stock trading and CFD services to clients predominantly in the UK and EU.
