Blackwell
Global Investments (UK) Limited has abandoned retail trading
operations to focus exclusively on professional investors, according
to its annual report for the year ended March 31, 2025.
The
FCA-regulated broker reported a loss of £17,378 for the year, a sharp
reversal from the previous year’s £27,798 profit. The company’s
turnover also declined to £810,667 from £1.03 million in 2024.
Directors
concluded that the regulatory and competitive environment
for retail business was not viable during a
strategic review conducted in the first half of 2024. The company
applied for a variation of permission with the Financial Conduct
Authority (FCA) at the beginning of 2025, which was granted in
June.
“The
Directors concluded that the regulatory and competitive environment
for retail business was not an area worth pursuing,” the UK arm
of Blackwell
Global stated in its directors’ report. “The firm will now focus
solely on providing services to individuals and corporates
that qualify as professional investors,” directors added.
Revenue
Concentration Shifts to Professional Services
The
broker’s new business model centers on
introducing professional clients with complex trading needs
to counterparties and providing trading solutions through reception
and transmission of orders.
“The
main focus of the business will be introducing professional
clients, with complex trading needs, to counterparties that
provide the service they require. The firm will
also provide bespoke trading solutions through reception and
transmission of orders,” the company explained.
Revenue from
related parties by virtue of common control jumped to £762,335 in
2025 from £212,951 the previous year, indicating the company’s
pivot toward serving institutional clients within its
broader corporate structure.
Key Financial Metrics
Metric | 2025 | 2024 | Change |
Turnover | £810,667 | £1,029,701 | -21.3% |
Operating Loss/Profit | -£21,074 | £17,411 | -221.1% |
Net Loss/Profit | -£17,378 | £27,798 | -162.5% |
Revenue from Related Parties | £762,335 | £212,951 | +258.0% |
Financial Pressures
Mount
The company
cited exposure to economic volatility and regulatory compliance costs
as principal risks. Revenue earned mainly in USD and
EUR while costs are primarily in GBP created additional
foreign exchange volatility.
“The
principal risk for the Company is its exposure to the volatility
of economic conditions and possible economic downturns. Such
downturns will likely have an impact on investor confidence,
which will likely impact the frequency and value of
trades undertaken by customers,” directors noted.
Administrative expenses
remained elevated at £824,943, though down from £989,723 in 2024. The
company’s cost-cutting efforts reduced staff from seven to six
employees during the year.
Funding
Support Secured
Blackwell
Global maintained a cash position of £329,653 at year-end, down from
£458,636. The ultimate controlling party, Mr. K-S Chai, provided
a £154,482 loan during the year. The company also received
confirmation that Blackwell Global Investments Limited (Bahamas)
will provide support to ensure continued operations for at least
12 months.
“The
Directors expect the Company to maintain performance around a
breakeven point for at least 12 months from the approval of the
financial statements,” the report stated.
The company’s
tax losses carried forward totaled £4.33 million as of March 2025,
though no deferred tax asset was recognized due to uncertainty over
future taxable profits.
“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,” the directors expressed in their
strategic report.
Related stories:
Blackwell
Global Investments (UK) Limited has abandoned retail trading
operations to focus exclusively on professional investors, according
to its annual report for the year ended March 31, 2025.
The
FCA-regulated broker reported a loss of £17,378 for the year, a sharp
reversal from the previous year’s £27,798 profit. The company’s
turnover also declined to £810,667 from £1.03 million in 2024.
Directors
concluded that the regulatory and competitive environment
for retail business was not viable during a
strategic review conducted in the first half of 2024. The company
applied for a variation of permission with the Financial Conduct
Authority (FCA) at the beginning of 2025, which was granted in
June.
“The
Directors concluded that the regulatory and competitive environment
for retail business was not an area worth pursuing,” the UK arm
of Blackwell
Global stated in its directors’ report. “The firm will now focus
solely on providing services to individuals and corporates
that qualify as professional investors,” directors added.
Revenue
Concentration Shifts to Professional Services
The
broker’s new business model centers on
introducing professional clients with complex trading needs
to counterparties and providing trading solutions through reception
and transmission of orders.
“The
main focus of the business will be introducing professional
clients, with complex trading needs, to counterparties that
provide the service they require. The firm will
also provide bespoke trading solutions through reception and
transmission of orders,” the company explained.
Revenue from
related parties by virtue of common control jumped to £762,335 in
2025 from £212,951 the previous year, indicating the company’s
pivot toward serving institutional clients within its
broader corporate structure.
Key Financial Metrics
Metric | 2025 | 2024 | Change |
Turnover | £810,667 | £1,029,701 | -21.3% |
Operating Loss/Profit | -£21,074 | £17,411 | -221.1% |
Net Loss/Profit | -£17,378 | £27,798 | -162.5% |
Revenue from Related Parties | £762,335 | £212,951 | +258.0% |
Financial Pressures
Mount
The company
cited exposure to economic volatility and regulatory compliance costs
as principal risks. Revenue earned mainly in USD and
EUR while costs are primarily in GBP created additional
foreign exchange volatility.
“The
principal risk for the Company is its exposure to the volatility
of economic conditions and possible economic downturns. Such
downturns will likely have an impact on investor confidence,
which will likely impact the frequency and value of
trades undertaken by customers,” directors noted.
Administrative expenses
remained elevated at £824,943, though down from £989,723 in 2024. The
company’s cost-cutting efforts reduced staff from seven to six
employees during the year.
Funding
Support Secured
Blackwell
Global maintained a cash position of £329,653 at year-end, down from
£458,636. The ultimate controlling party, Mr. K-S Chai, provided
a £154,482 loan during the year. The company also received
confirmation that Blackwell Global Investments Limited (Bahamas)
will provide support to ensure continued operations for at least
12 months.
“The
Directors expect the Company to maintain performance around a
breakeven point for at least 12 months from the approval of the
financial statements,” the report stated.
The company’s
tax losses carried forward totaled £4.33 million as of March 2025,
though no deferred tax asset was recognized due to uncertainty over
future taxable profits.
“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,” the directors expressed in their
strategic report.
Related stories: