Black Pearl Securities Limited, operating as BP Prime, has
released its financial results for the fiscal year ended 31 March 2025. The
company reported a net loss of £427,240, marking a significant downturn
compared to the net profit of £849,270 recorded in the previous financial year.
Turnover Drops, Operating Losses Increase
The statement of comprehensive income reveals that total
turnover declined substantially to £3,517,912, down from £16,039,380 in the
preceding year. This decrease in revenue had a considerable impact on the
company’s overall financial performance.
Gross profit for the year fell sharply to £229,248, down
from £1,999,954 in the prior year. The reduction in gross profit was
accompanied by an increase in cost of sales and administrative expenses
relative to the lower revenue base.
Operating results reflected these trends, with the company
posting an operating loss of £593,362, in contrast to an operating profit of
£1,132,630 achieved in the year before. The downturn in operating performance
was a key factor in the overall loss reported.
You may find it interesting at FinanceMagnates.com: BP
Prime’s Professional Clients Push FY24 Revenue 7x: Boosting China Retail
Offerings.
BP Prime Notes New Interest Income
BP Prime recorded interest receivable of £23,366, an item
not present in the previous year’s accounts. Tax charges for the year stood at
£142,756, reflecting adjustments related to the loss. This compares to a tax
expense of £283,360 reported in the prior year.
“The company’s financial risk management objectives are
therefore to minimise the key financial risks through having clearly defining
terms of business with counterparties and stringent market control over
transactions with them and regular monitoring of cash flow and management
accounts to ensure regulatory capital requirements are not breached and the
company maintains adequate working capital,” the company stated in its filing.
Black Pearl Securities Limited, operating as BP Prime, has
released its financial results for the fiscal year ended 31 March 2025. The
company reported a net loss of £427,240, marking a significant downturn
compared to the net profit of £849,270 recorded in the previous financial year.
Turnover Drops, Operating Losses Increase
The statement of comprehensive income reveals that total
turnover declined substantially to £3,517,912, down from £16,039,380 in the
preceding year. This decrease in revenue had a considerable impact on the
company’s overall financial performance.
Gross profit for the year fell sharply to £229,248, down
from £1,999,954 in the prior year. The reduction in gross profit was
accompanied by an increase in cost of sales and administrative expenses
relative to the lower revenue base.
Operating results reflected these trends, with the company
posting an operating loss of £593,362, in contrast to an operating profit of
£1,132,630 achieved in the year before. The downturn in operating performance
was a key factor in the overall loss reported.
You may find it interesting at FinanceMagnates.com: BP
Prime’s Professional Clients Push FY24 Revenue 7x: Boosting China Retail
Offerings.
BP Prime Notes New Interest Income
BP Prime recorded interest receivable of £23,366, an item
not present in the previous year’s accounts. Tax charges for the year stood at
£142,756, reflecting adjustments related to the loss. This compares to a tax
expense of £283,360 reported in the prior year.
“The company’s financial risk management objectives are
therefore to minimise the key financial risks through having clearly defining
terms of business with counterparties and stringent market control over
transactions with them and regular monitoring of cash flow and management
accounts to ensure regulatory capital requirements are not breached and the
company maintains adequate working capital,” the company stated in its filing.
This post is originally published on FINANCEMAGNATES.
