Declining Turnover and Higher Expenses Lead to £9K Loss for TF Global Markets UK in 2024

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.

Source: Company Information Service, UK

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.

Source: Company Information Service, UK

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.

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