Our Directors - Oliver Carson & Dhaval Patel - address the company performance and annual accounts, the team and company culture, our relationships with clients, and giving something back at a difficult time.
With our financial year just ending there is much to be proud of. All involved with Universal Partners FX have worked phenomenally hard to achieve fantastic financial results for the past 12 months.
Since March 2018, our revenue has grown by over 500% - and profits by 200%. The magnitude of these results is enormous and the achievement of generating revenue of £2.8 million and just over £2 million in gross profit at this stage of our growth cycle cannot be overstated.
We are delighted to announce that we have grown our client base by an astounding 55% at a time when significant reinvestment has gone into expanding the team, improving systems and creating new departments. This is a great reflection of the hard work put in by each and every member of staff.
You can find the full report here.
The team and our unbeatable culture
These results highlight the hard work from our amazing team, who are striving to be better each and every day. From the beginning we have made it a priority to create a culture of hard-work, trust and honesty. By investing heavily in our employees and putting them at the heart of everything we do, we know that this helps create a culture that breeds success. Ultimately, all of this is done so that our clients will reap the benefits and our fantastic reviews show we are delivering on that. Our long term goal is to be the biggest foreign exchange company in the UK, so we know that the bottom line is providing value to our clients, and we will never lose sight of that.
Thank you to our clients
In the end, nothing is possible without the unwavering trust of those who use our services. In the past 6 months we have welcomed record numbers of new clients and we'd like to take this opportunity to thank all of you for being part of our fantastic rise in the foreign exchange industry.
We are very proud to work with some incredible firms in some exciting industries. The financial results we achieved came down to large volumes being traded though us, so working with large multinationals and companies that are listed on the stock exchange provides us with the best opportunity to showcase the value we can bring.
Providing value to our clients and in some cases hearing the stories behind your FX is what we get up in the morning for. We look forward to much more of this in the future.
The road ahead
It is difficult to start making projections at this moment in time, but growth is definitely on our agenda for the year ahead. We want to continue to add top quality people to our team and anticipate that our dealing floor will expand by 50% in the coming year. This growth will be backed up by doubling the back office team, which we are investing in to support future growth of core divisions. It is truly an exciting time for the company and every one has a part to play.
Giving something back during these difficult times
Given the extreme circumstances at the moment, we appreciate that for many there is massive uncertainty. This includes businesses, but also individuals who are unwell or worried for the safety of loved ones. In these difficult times it is important that we stick together because collectively we can beat this.
With that in mind, we have guaranteed that all our staff will keep their job and measures have been taken to protect salaries.
To extend our help outside the company, we have also pledged care packages to an NHS hospital local to us, giving essential supplies to the great NHS staff who are battling day in day out to help treat people.
A small gesture, but hoping it offers some respite to those in greater need. More information on this will follow.
Once this is all behind us, we hope that Universal Partners FX continues to grow, but also that businesses, individuals and the nation as a whole can bounce back and enjoy success in the coming years.
Keep safe everyone.
Oliver Carson & Dhaval Patel
Universal Partners FX Directors