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

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



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

The company’s operations have also been affected by Brexit, which saw it stop accepting new EU clients in the first quarter 2021. In addition, the company transferred a ‘a high portion of its clients’ to its EU arm.

Looking back to 2021, the company made a significant change by naming Yorick Naeff CEO of BUX UK. Salim Sebbata took over 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.



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