iS Prime, part of iSAM Securities today released its results for the financial year 2022, ending in June 2022.
The FCA-regulated brokerage and execution services provider reported £35 million of turnover for the year and pre-tax profits of £16.2 million.
The official announcement noted that the London-headquartered firm released last year’s accounts on a 15-month period and comparisons cannot be made.
In contrast to a comparable 12-month period, iS Prime’s end-of-year 2022 results indicate a rise in revenue by £3.5 million, which represents an 11% increase year on year. The company’s financial statement remains robust, boasting cash reserves of nearly £37 million.
Alex Lowe, Managing Director, iSAM commented:
Alex Lowe
iS Prime’s financials reveal another very successful year, with our revenue increase resulting from a combination of higher volumes and client acquisition. We continue to invest in our people and products in order to maintain our position as a global market leader, with a focus on transparency, integrity and a client-centric approach.
Lowe added that IS Prime plans to evolve the business over the next year and drive further growth for the company, as well as for its clients.
Earlier in January, iS Prime co-founders, Raj Sitlani and Jonathan Brewer, decided leave the company.
