Sucden Financial delivered strong results in 2024,
with profit before tax climbing by more than half compared to the previous
year. The firm’s focus on technology upgrades and organic growth across core
markets appears to be paying off.
The multi-asset execution, clearing, and liquidity provider reported a 54.6% jump in pre-tax
profit to £36.7 million for the year ended 31 December 2024, up from £23.8
million in 2023. Net revenue rose 22.1% to £85.2 million, while total net
assets increased to £181.1 million, a 7.1% improvement year-on-year.
Expansion Across Asset Classes
The company attributed its positive financial
performance to broad-based gains across foreign exchange, fixed income, and
commodities. CEO-level commentary pointed to an expanding client offering and
strategic discipline.
“In 2024, Sucden Financial delivered a very positive
performance across all key financial metrics, benefitting from supportive
market conditions as well as the positive momentum we are building across the
business,” commented Marc Bailey, Chief Executive Officer.
“Our prudent organic growth strategy and significant
investments in technology mean we are able to offer clients a growing range of
services across FX, fixed income, and commodities markets globally. We are well-positioned for the future with the stability and flexibility to support our
clients in rapidly evolving market conditions.”
Sucden Financial Expands Total Assets
Sucden Financial, established in 1973 and backed by
its parent group Sucden, has grown from its commodity roots into a global
multi-asset service provider. Despite its ownership structure, the company
remains operationally independent and regulated by the UK’s Financial Conduct
Authority.
In the latest financial report, Sucden Financial also
highlighted an increase in its total net assets, which climbed 7.1% to £181.1
million from £169 million in the preceding year.
Expect ongoing updates as this story evolves.
Sucden Financial delivered strong results in 2024,
with profit before tax climbing by more than half compared to the previous
year. The firm’s focus on technology upgrades and organic growth across core
markets appears to be paying off.
The multi-asset execution, clearing, and liquidity provider reported a 54.6% jump in pre-tax
profit to £36.7 million for the year ended 31 December 2024, up from £23.8
million in 2023. Net revenue rose 22.1% to £85.2 million, while total net
assets increased to £181.1 million, a 7.1% improvement year-on-year.
Expansion Across Asset Classes
The company attributed its positive financial
performance to broad-based gains across foreign exchange, fixed income, and
commodities. CEO-level commentary pointed to an expanding client offering and
strategic discipline.
“In 2024, Sucden Financial delivered a very positive
performance across all key financial metrics, benefitting from supportive
market conditions as well as the positive momentum we are building across the
business,” commented Marc Bailey, Chief Executive Officer.
“Our prudent organic growth strategy and significant
investments in technology mean we are able to offer clients a growing range of
services across FX, fixed income, and commodities markets globally. We are well-positioned for the future with the stability and flexibility to support our
clients in rapidly evolving market conditions.”
Sucden Financial Expands Total Assets
Sucden Financial, established in 1973 and backed by
its parent group Sucden, has grown from its commodity roots into a global
multi-asset service provider. Despite its ownership structure, the company
remains operationally independent and regulated by the UK’s Financial Conduct
Authority.
In the latest financial report, Sucden Financial also
highlighted an increase in its total net assets, which climbed 7.1% to £181.1
million from £169 million in the preceding year.
Expect ongoing updates as this story evolves.
This post is originally published on FINANCEMAGNATES.
