Sucden Financial, a multi-asset execution, clearing and liquidity provider, has reported audited financial results for the year ended 31 December 2023, with earnings and total net assets up significantly.
Pre-tax profits for 2023 were £23.9m compared to £18.4m in 2022.
Total net assets reached £168.5m in 2023, up from £160.7m in 2022.
Net income, however, fell to £69.7m, down from £79.8m in 2022.
Marc Bailey, CEO, commented:
“Sucden Financial delivered another strong performance in 2023, with gains of over 30% and delivering significant returns for shareholders after completing a number of strategic initiatives during the year. We are well positioned to deliver further growth in the coming year as we adapt to changing market conditions and further develop our products and systems to create new opportunities for customers. I am excited by Sucden Financial’s prospects and our team’s ability to continue to deliver on our prudent long-term growth strategy.”