Hantec Markets revenues flat in 2022 at £5.8M, purchasers property fall 31%

FCA licensed Retail FX and CFDs dealer Hantec Markets Restricted has reported its outcomes for 2022, and so they look very very like the corporate’s 2021 report, on each the highest and backside line.

Hantec introduced in £5.76 million in Revenues in 2022, but additionally had Admin Bills of £5.84 million – with the corporate working at a slight deficit for the 12 months, reporting a Web Lack of £83,968. In 2021 Hantec had Revenues of £5.38 million and a slight revenue of £26,873.

Hantec noticed a 31% decline in consumer cash held on the firm in 2022, all the way down to £16.8 million from £24.2 million as at year-end 2021.

Over the previous couple of years Hantec Market has undergone some senior administration adjustments, with longtime COO Hayel Abu-Hamdan shifting to Dubai to change into the group’s Chief Industrial Officer, changed in London by the corporate’s Chief Technique Officer Tony Sharpe. Then earlier this 12 months Tony Sharpe left Hantec to change into CSO at rival dealer Commerce Nation.

Hantec Markets is managed by former ODL Securities and Rosenthal Collins government Bashir Nurmohamed. Mr. Nurmohamed established the dealer in 2010 with backing from Hong Kong based mostly Hantec Group founder Tang Yu Lap.

Hantec Markets’ 2022 earnings assertion and steadiness sheet comply with: