Capital Index (UK) Ltd posted a drop of 14% in revenue
for 2022, marking the third consecutive year of decline. This decline followed a significant management shakeup in the preceding year. Capital Index reported
total revenues of £1.46 million, a notable decrease from the £1.71 million
recorded in 2021 and a substantial decrease of 30% from the £2.44 million in
2020. The company also posted a net loss of £202,000 for the year, somewhat in
line with the £239,000 loss reported in the previous year.
Furthermore, clients’
funds held by Capital Index experienced a substantial decrease, plummeting to
£3.6 million at
the close of 2022,
representing a decrease of 35% from the £5.5 million recorded in 2021. Capital Index operates as a global online financial services
provider, specializing in contract for differences (CFDs) and spread bets
across various instruments, including forex
, indices, commodities, and bonds.
The company primarily caters to retail clients.
The primary source of
the Capital Index’s revenue is derived from transactional spreads generated
from client trading activities. For the 2022 performance, the firm’s management
attributed the performance to a challenging year to what they referred to as “the cost of living crisis,” which impacted both client numbers and
trading activity in the UK market.
Change
of Management
One pivotal change in
the company’s organizational structure occurred in 2021 when a new senior
management team was appointed. As previously reported, Matthew Wright, the
former CEO, departed from the company and was succeeded by Trevor Barwell.
Additionally, COO Heiko Mueller and CCO Marcus Ford also left Capital Index,
with Mueller subsequently joining Exinity.
Capital Index reported
a pre-tax loss of £300,389
for the year 2021. The London-based CFDs
broker’s annual turnover for 2021 amounted to £1.7
million, reflecting a substantial decrease of over 29% compared to the £2.44
million generated in the prior year.
Additionally,
Capital Index transitioned from an operating gain of £122,150 in the previous year
to an operating loss of £286,889 in 2021. When considering interest and other
expenses, the company’s pre-tax loss for the year reached £300,389, reversing a
profit of £108,650 achieved in 2020.
.
Capital Index (UK) Ltd posted a drop of 14% in revenue
for 2022, marking the third consecutive year of decline. This decline followed a significant management shakeup in the preceding year. Capital Index reported
total revenues of £1.46 million, a notable decrease from the £1.71 million
recorded in 2021 and a substantial decrease of 30% from the £2.44 million in
2020. The company also posted a net loss of £202,000 for the year, somewhat in
line with the £239,000 loss reported in the previous year.
Furthermore, clients’
funds held by Capital Index experienced a substantial decrease, plummeting to
£3.6 million at
the close of 2022,
representing a decrease of 35% from the £5.5 million recorded in 2021. Capital Index operates as a global online financial services
provider, specializing in contract for differences (CFDs) and spread bets
across various instruments, including forex
, indices, commodities, and bonds.
The company primarily caters to retail clients.
The primary source of
the Capital Index’s revenue is derived from transactional spreads generated
from client trading activities. For the 2022 performance, the firm’s management
attributed the performance to a challenging year to what they referred to as “the cost of living crisis,” which impacted both client numbers and
trading activity in the UK market.
Change
of Management
One pivotal change in
the company’s organizational structure occurred in 2021 when a new senior
management team was appointed. As previously reported, Matthew Wright, the
former CEO, departed from the company and was succeeded by Trevor Barwell.
Additionally, COO Heiko Mueller and CCO Marcus Ford also left Capital Index,
with Mueller subsequently joining Exinity.
Capital Index reported
a pre-tax loss of £300,389
for the year 2021. The London-based CFDs
broker’s annual turnover for 2021 amounted to £1.7
million, reflecting a substantial decrease of over 29% compared to the £2.44
million generated in the prior year.
Additionally,
Capital Index transitioned from an operating gain of £122,150 in the previous year
to an operating loss of £286,889 in 2021. When considering interest and other
expenses, the company’s pre-tax loss for the year reached £300,389, reversing a
profit of £108,650 achieved in 2020.
.
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- Source: https://www.financemagnates.com//institutional-forex/capital-indexs-struggles-continue-2022-revenue-down-14/
