FX and CFD Broker LandFX UK Reports Net Loss in 2024 on 15% Revenue Decline

The UK’s FXand CFD retail broker LandFX announced a loss of £24,350 for the year endedDecember 31, 2024, reversing from a profit of £55,033 in 2023, according to itsannual report released today (Monday). LandFX UK Reports AnnualLoss for 2024 as Revenue Declines TheLondon-based LandFX UK Limited, regulated by the UK Financial Conduct Authority(FCA), saw its revenue fall to £508,629 in 2024, downapproximately 15% from £598,193 in 2023 . The firm's net assets stood at£502,216 at year-end, compared to £526,566 in the previous year. "Duringthe year, the company has primarily focused on servicing its existing clientbase," stated the company's strategic report, which was signed by DirectorJinsoo Park. Thefinancial intermediary, whose main source of revenue is commission chargedbased on client trading volumes, reported a decrease in its cash position to£96,525 at year-end, down from £242,189 at the close of 2023. FinanceMagnates.comalso recently reported the annual results of another UK-based broker, SucdenFinancial, whose pre-tax profit rose to nearly £37 million . LandFX UK Limited - KeyFinancial Data (2023-2024) Financial Metric 2024 (£) 2023 (£) Change (%) Revenue 508,629 598,193 -15.0% Cost of sales 32,772 31,482 +4.1% Gross profit 475,857 566,711 -16.0% Administrative expenses 501,618 509,520 -1.6% Operating (loss)/profit (25,761) 57,191 -145.0% (Loss)/profit for the year (24,350) 55,033 -144.2% Net assets 502,216 526,566 -4.6% Cash at bank and in hand 96,525 242,189 -60.1% Debtors 787,434 340,846 +131.0% Total current assets 883,959 583,035 +51.6% Creditors (within one year) 399,975 69,949 +471.8% Employee remuneration 324,243 342,491 -5.3% Number of employees 3 3 0.0% “Low Apetite for Risk” Administrativeexpenses remained relatively stable at £501,618 compared to £509,520 in 2023,suggesting that cost management was not a significant factor in the profitdecline. Instead, the 15% revenue reduction appears to be the primary driver ofthe financial performance shift. The companyhighlighted various risk factors in its report, including price, credit, cashflow, liquidity, and foreign currency risks. LandFX noted that it has "alow appetite for risk" and has implemented controls to mitigate potentialexposures, including ensuring "all customer funds are held in a UKregulated clearing bank." LandFX UKLimited is ultimately controlled by Park, who serves as one of the company'stwo directors alongside Shashi Patel. The company is registered in England andWales with company number 09358463 and operates from its registered office at 1Filament Walk, London. Under its FCA authorization thecompany is also operating Land-Liquidity, offering institutional brokerage services . The UK’s FXand CFD retail broker LandFX announced a loss of £24,350 for the year endedDecember 31, 2024, reversing from a profit of £55,033 in 2023, according to itsannual report released today (Monday). LandFX UK Reports AnnualLoss for 2024 as Revenue Declines TheLondon-based LandFX UK Limited, regulated by the UK Financial Conduct Authority(FCA), saw its revenue fall to £508,629 in 2024, downapproximately 15% from £598,193 in 2023 . The firm's net assets stood at£502,216 at year-end, compared to £526,566 in the previous year. "Duringthe year, the company has primarily focused on servicing its existing clientbase," stated the company's strategic report, which was signed by DirectorJinsoo Park. Thefinancial intermediary, whose main source of revenue is commission chargedbased on client trading volumes, reported a decrease in its cash position to£96,525 at year-end, down from £242,189 at the close of 2023. FinanceMagnates.comalso recently reported the annual results of another UK-based broker, SucdenFinancial, whose pre-tax profit rose to nearly £37 million . LandFX UK Limited - KeyFinancial Data (2023-2024) Financial Metric 2024 (£) 2023 (£) Change (%) Revenue 508,629 598,193 -15.0% Cost of sales 32,772 31,482 +4.1% Gross profit 475,857 566,711 -16.0% Administrative expenses 501,618 509,520 -1.6% Operating (loss)/profit (25,761) 57,191 -145.0% (Loss)/profit for the year (24,350) 55,033 -144.2% Net assets 502,216 526,566 -4.6% Cash at bank and in hand 96,525 242,189 -60.1% Debtors 787,434 340,846 +131.0% Total current assets 883,959 583,035 +51.6% Creditors (within one year) 399,975 69,949 +471.8% Employee remuneration 324,243 342,491 -5.3% Number of employees 3 3 0.0% “Low Apetite for Risk” Administrativeexpenses remained relatively stable at £501,618 compared to £509,520 in 2023,suggesting that cost management was not a significant factor in the profitdecline. Instead, the 15% revenue reduction appears to be the primary driver ofthe financial performance shift. The companyhighlighted various risk factors in its report, including price, credit, cashflow, liquidity, and foreign currency risks. LandFX noted that it has "alow appetite for risk" and has implemented controls to mitigate potentialexposures, including ensuring "all customer funds are held in a UKregulated clearing bank." LandFX UKLimited is ultimately controlled by Park, who serves as one of the company'stwo directors alongside Shashi Patel. The company is registered in England andWales with company number 09358463 and operates from its registered office at 1Filament Walk, London. Under its FCA authorization thecompany is also operating Land-Liquidity, offering institutional brokerage services .