Blackwell Global UK Reports 50% YoY Decline in Turnover in FY2022

Fazzaco learned that Blackwell Global Investments (UK) Limited, an online trading provider, has published its financial results for the year ended on the 31st of March 2022, revealing a downturn in revenue and profit.

​More specifically, the UK-based broker registered a turnover of £454,308, down by 50% compared to FY2021's £904,381. Gross profit for the year came in at £438,322, showing a 48.75% yoy decrease compared with last year's £855,313. Moreover, administrative expenses dropped from the previous year's £1,768,587 to £1,690,559. 

In addition, operating loss for the fiscal year stood at £1,267,041. This number for FY2021 was £895,841.

As detailed in the Companies House filing, the directors are of the opinion that the company is in a good position to progress into the next financial year despite it being a challenging year for trading, and believe that their expertise should help ensure that the company is successful.