The UK arm of AETOS Capital Group, AETOS Capital Group UK Limited (AETOS UK), concluded the 2023 fiscal year with an annual turnover of £399,017 per their most recent Companies House filing. The figure reflects a 12% increase compared to the previous year.
Despite the year-on-year growth, the earnings remain notably below the company’s previous figures. Specifically, AETOS UK’s revenue has decreased since its FY18 peak of £2.13 million. The company saw successive decreases in subsequent years: £2.08 million in FY2019, £1.89 million in FY20, and £863,726 in FY21.
Founded in 2007, AETOS mainly provides trading services involving contracts for differences (CFDs) instruments in forex, commodities, and shares, among other popular asset classes, to retail and wholesale clients.
Apart from the UK, AETOS operates under regulation in Australia, Vanuatu, and The Cayman Islands. The Chair of AETOS Group previously disclosed plans for further global expansion.
The Companies House filing mentioned that “the company primarily offers brokerage services for foreign exchange and precious metals,” adding that “the company does not take trade positions exposing it to significant price risk, nor does it have substantial exposure to movements of the related financial products.”
A surge in expenses accompanied the rise in AETOS UK’s revenue, as the firm’s administrative costs amounted to £398,875, up from £356,030 the previous year. In both years, these costs nearly eclipsed the company’s annual revenue. Factoring in interest income, AETOS UK ended the fiscal year with a modest profit of £1,004, continuing its trend of minimal profitability over several consecutive years.
Quick Look: Monday.com's stock surged 23.8% after impressive quarterly results, raising annual guidance. Analysts raised… Read More
Quick Look: Gold shows a modest uptick: Current spot price of $2,391.78/oz, hinting at continued… Read More
Quick Look: Turkey suspends all trade with Israel, pressuring for aid flow into Gaza. Israel… Read More
Quick Look: Bitcoin's price soared over 7.5% to $66,250, its best day since March 20,… Read More
Quick Look: Floki's price rose to $0.00019, indicating a bullish trend with a 10% increase… Read More
Quick Look: NZD/USD Trade Levels: Recent trading at 0.6120 with fluctuations between 0.6140 and 0.6070.… Read More