Tavira Financial Witnesses 22% Growth in Turnover for FY23

​Tavira Financial Ltd, an agency broker and investment manager specialising in global execution and investment management, has released its financial results for the financial year of 2023 ended March 31, 2023, showing that its turnover rose 22 percent to £29.4 million from FY22's £24.0 million.

In the previous financial year​, Tavira Financial reported a year-over-year increase of 48 percent in turnover. In September 2022, the company has rebranded from Tavira Securities Ltd.

Gross profit for FY23 stood at £14.6 million, surging 51 percent from the prior year's £9.7 million. Whereas, increased costs led to a net loss of £126K, compared to £423K profit in FY22. Besides, the company incurred £57k operating loss, compared to £523k operating profit in the previous year.