- Multi Asset Solutions Limited reports a 204% increase in revenue, reaching nearly £3.19 million for the fiscal year ending May 31, 2024.
- The company’s net profit surged 508% to £174,512, following significant growth in gross profits and strategic expansion efforts.
London-based Multi Asset Solutions Limited, formerly known as BidX Markets, has reported remarkable growth, tripling its turnover for the fiscal year ending May 31, 2024.
According to the latest filing with Companies House, the company generated nearly £3.19 million in revenue, a significant increase of 204% from the previous year’s £1.05 million.
This surge in revenue has substantially boosted profitability, with gross profits rising to £1.47 million, up from £944,361 last year.
However, the gross profit margin decreased from 90.22% to 46.26%. Administrative expenses also rose by 36.4% to £1.24 million, resulting in a pre-tax profit of £235,072, compared to £35,566 the previous year.
Net profit reached £174,512, a remarkable increase of 508% from FY2023’s £28,690. Multi Asset Solutions, founded in 2021 by Simon Blackledge, is regulated by the UK’s Financial Conduct Authority and offers liquidity and white-label broker solutions.
