<p>Trading Point of Financial Instruments UK Limited has recently <a href=”https://find-and-update.company-information.service.gov.uk/company/09436004/filing-history” target=”_blank”>published</a> 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.</p><p>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. </p><p>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.</p><p>“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.</p><p>Recent Performance</p><p>In the past few years, Trading Point of Financial Instruments UK Limited 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. </p><p>The company offers financial services in a wide range of <a href=”https://www.financemagnates.com/tag/asset-management/” target=”_blank”>assets</a>.</p>
This article was written by Bilal Jafar at www.financemagnates.com.
