Sucden Financial, a multi-asset execution, clearing and liquidity provider, has reported its audited financial results for the year ending 31 December 2023, with profit and total net assets increasing significantly.
Profit before taxation for 2023 amounted to £23.9 million, against £18.4 million in 2022.
Total net assets reached £168.5 million in 2023, against £160.7 million in 2022.
Net revenue, however, staged a decline, amounting to £69.7 million, against £79.8 million in 2022.
Marc Bailey, Chief Executive Officer, commented:
“Sucden Financial achieved another strong performance in 2023, with profits up by more than 30% and delivered significant returns for shareholders following the completion of a number of strategic initiatives in the year. We are well-positioned to deliver further growth in the year ahead as we adapt to changing market conditions and further develop our products and systems to create new opportunities for clients. I am excited by Sucden Financial’s prospects and our team’s ability to continue delivering on our prudent long-term growth strategy.”
