Swissquote UK Annual Pre-Tax Loss Climbs 52%; Parent Follows with £5 Million Injection
Swissquote Ltd, the UK arm of Swiss financial services group Swissquote, widened its annual loss in 2025 as revenue
declined and administrative costs increased. The results came despite
additional financial support from its parent company after the year-end.
In January 2026,
Swissquote Group Holding Ltd injected £5 million into the UK business. A month
later, the UK’s Financial Conduct Authority approved the company’s Variation of
Permission application, expanding its regulatory permissions to support new products
and services.
Financial statements for the year ended 31
December 2025 showed gross turnover fell 39% to £320,921, while interest
receivable and similar income dropped 53% to £188,670.
Administrative
expenses increased 17% to £2.27 million, widening the pre-tax loss by 52% to
£1.76 million. A prior-period tax adjustment reduced the net loss to £1.70
million.
The balance sheet also
weakened during the year. Shareholders’ funds fell 40% to £2.48 million, while
client money held in segregated accounts declined 51% to £2.90 million. Cash
and cash equivalents stood at £4.91 million. Trade and other
payables totalled £3.52 million, including £2.07 million owed to group
undertakings.
Source: Company Information Service, UK
Software Investment
Continues
The company
capitalised £764,432 in software development costs for its GIA, ISA and SIPP
trading platforms. The projects remained under development at the balance sheet
date and had not yet been amortised. Its right-of-use asset
became fully depreciated during the year, while lease liabilities were fully
settled.
Staffing Costs Rise
Swissquote UK employed
nine people during 2025, unchanged from a year earlier. Staff costs increased
to £1.22 million, while directors’ remuneration rose to £548,711. Share-based
compensation expense declined to £36,971.No dividend was paid
or proposed for the year.
The company said it is
undertaking a restructuring programme “to return the business to profitability”. Swissquote UK operates
on a matched-principal basis with Swissquote Bank Ltd, with all client trades
matched back-to-back.
Swissquote Ltd, the UK arm of Swiss financial services group Swissquote, widened its annual loss in 2025 as revenue
declined and administrative costs increased. The results came despite
additional financial support from its parent company after the year-end.
In January 2026,
Swissquote Group Holding Ltd injected £5 million into the UK business. A month
later, the UK’s Financial Conduct Authority approved the company’s Variation of
Permission application, expanding its regulatory permissions to support new products
and services.
Financial statements for the year ended 31
December 2025 showed gross turnover fell 39% to £320,921, while interest
receivable and similar income dropped 53% to £188,670.
Administrative
expenses increased 17% to £2.27 million, widening the pre-tax loss by 52% to
£1.76 million. A prior-period tax adjustment reduced the net loss to £1.70
million.
The balance sheet also
weakened during the year. Shareholders’ funds fell 40% to £2.48 million, while
client money held in segregated accounts declined 51% to £2.90 million. Cash
and cash equivalents stood at £4.91 million. Trade and other
payables totalled £3.52 million, including £2.07 million owed to group
undertakings.
Source: Company Information Service, UK
Software Investment
Continues
The company
capitalised £764,432 in software development costs for its GIA, ISA and SIPP
trading platforms. The projects remained under development at the balance sheet
date and had not yet been amortised. Its right-of-use asset
became fully depreciated during the year, while lease liabilities were fully
settled.
Staffing Costs Rise
Swissquote UK employed
nine people during 2025, unchanged from a year earlier. Staff costs increased
to £1.22 million, while directors’ remuneration rose to £548,711. Share-based
compensation expense declined to £36,971.No dividend was paid
or proposed for the year.
The company said it is
undertaking a restructuring programme “to return the business to profitability”. Swissquote UK operates
on a matched-principal basis with Swissquote Bank Ltd, with all client trades
matched back-to-back.
