Home Featured BUX UK sees a 49% drop in 2021 revenue to £9.1 million

BUX UK sees a 49% drop in 2021 revenue to £9.1 million

0
BUX UK sees a 49% drop in 2021 revenue to £9.1 million



According to a Companies House filing, BUX UK claims that the revenue decline is due to the markets returning at normal levels starting in 2019 and becoming more stable.

Additionally, Brexit also had an impact on the company’s operations since it stopped accepting new EU clients during the first quarter of 2021. In addition, the company transferred a ‘a high portion of its clients’ to its EU arm.

Looking back on 2021, we can see the major change in the company’s CEO position at BUX UK was Yorick Naeff replacing Salim Sebbata, who assumed the role in July.

BUX announced recently that it will rebrand its derivatives trading platform from BUX X, to Stryk.

The post BUX UK sees a 49% drop in 2021 revenue to £9.1 million appeared first on LeapRate.



Continue reading…