FNG Exclusive… FNG has learned via regulatory filings that FCA regulated Black Pearl Securities Limited, which operates the BP Prime online trading brand, has seen a huge, nearly seven-times rise in its Revenues in fiscal year 2024 (year ended March 31), as the company rebranded and refocused on Institutional and Professional clients.
Revenues at BP Prime came in at £16.0 million in FY2024, up by 590% from £2.3 million. Net Profit for FY2024 was £849K about double 2023’s £430K.
The company said that its institutional product offering to regulated entities and professional clients has been predominantly responsible for driving income. The retail product saw a decline in account applications and consequent reduction in profit contribution. Both sectors. professional and retail, remain highly competitive in the marketplace. BP Prime underwent a rebrand during the year, refreshing its logo and launching…
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