Recently, Trading Point of Financial Instruments UK Limited published its financial results for 2021 and saw drastic losses compared to the previous year. The company reported a loss of £1.17 million during the mentioned period, compared to only £118,000 in 2020.
The firm’s revenue was roughly £705,000 in 2021, slightly less than 56% of the amount recorded two years earlier.
Costs such as salaries and general expenses increased in 2020. Current assets, cash, and cash equivalents were £2,559,297 at the end of the year compared to £3,721,817 in 2020.
According to Trading Point of Financial Instruments UK’s most recent report, the firm’s net assets decreased to £2,464,244 from £3,630,148 over the year due to losses. In addition, cash and cash equivalents were lower at £2,559297 as opposed to £3,721 817 in previous years, showing its ability to cover obligations as they fall due.
Trading Point of Financial Instruments UK Limited was created on 12 February 2015 and has recently decreased sales. According to Companies House Services, this company provides many financial services across multiple assets.