FNG Exclusive… FNG has learned via regulatory filings that Trive Financial Services UK Limited, which operates the Trivepro institutional brokerage brand, posted an 18% decline in Revenues in 2023, and halving of its profits, ahead of a decision made earlier this year to apply to cancel the company’s FCA license.
Revenues at Trivepro came in at £8.85 million (USD $11.6 million) in 2023, down from £10.79 million the previous year. Net Profit at Trivepro for 2023 was £1.33 million, versus £2.68 million in 2022.
During the year the company also made a significant capital reduction, actively reducing its Share Capital to £27.0 million by returning £17.2 million of shares to its immediate parent.
As was also exclusively reported here at FNG back in July, the Trive…
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