Multi-asset execution, clearing and liquidity provider Sucden Financial today reported its latest financial results. The audited accounts for the year ending 31 December 2022 reveal a strengthening of its balance sheet and robust revenues and profitability.
The company reported total net assets of £160.7 million for 2022, against £142.6 million in 2021.
Net revenues for 2022 amounted to £69.5 million, slightly down from the result of £69.8 million registered in 2021.
Profit before taxation reached £18.4 million, against £18.3 million in 2021.
Marc Bailey, Chief Executive Officer of Sucden Financial, commented:
“Sucden Financial delivered another strong performance in 2022, driven by the hard work and expertise of our people and the positive impact of our ongoing strategic initiatives. Our sustained investment in technology and the diversification of our services means the business is well positioned to deliver value in the year ahead.”
