TF Global Markets (UK) Limited, the UK arm of ThinkMarkets,
has reported its financial results for the year ending 31 December 2024. The
company recorded a net loss for the year, attributed to a decrease in turnover
and a rise in administrative expenses.
Company Sees £9,722 Loss for 2024
The company’s turnover fell to £1.8 million, down from £2.4
million the previous year. Administrative expenses increased slightly,
resulting in an operating loss of £56,507, a reversal from the prior year’s
operating profit.
Interest receivable was maintained, but the company incurred
interest expenses, leading to a pre-tax loss. After accounting for a tax
credit, the company posted a final loss of £9,722, compared to a profit in
2023. No other comprehensive income was reported, and the total comprehensive
income for 2024 was also a loss of £9,722.
TF Global Markets (UK) Limited, the UK arm of ThinkMarkets,
has reported its financial results for the year ending 31 December 2024. The
company recorded a net loss for the year, attributed to a decrease in turnover
and a rise in administrative expenses.
Company Sees £9,722 Loss for 2024
The company’s turnover fell to £1.8 million, down from £2.4
million the previous year. Administrative expenses increased slightly,
resulting in an operating loss of £56,507, a reversal from the prior year’s
operating profit.
Interest receivable was maintained, but the company incurred
interest expenses, leading to a pre-tax loss. After accounting for a tax
credit, the company posted a final loss of £9,722, compared to a profit in
2023. No other comprehensive income was reported, and the total comprehensive
income for 2024 was also a loss of £9,722.
This post is originally published on FINANCEMAGNATES.
