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.

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.