London, UK – August 29, 2024 – Universal Partners FX Ltd, a leading cross-border payment and foreign exchange specialist, is pleased to announce its continued strong financial performance throughout 2023. The company, which is authorised and regulated by the Financial Conduct Authority (FCA) under the Payment Services Regulations 2009, has shown remarkable resilience and growth, even amid global economic uncertainties.
Strong Financial Performance
Universal Partners FX Ltd has seen its revenue increase by 55% to £10.09 million, up from £6.5 million in 2022. The company’s turnover reached £1.5 billion, reflecting a 14% increase, and demonstrating the increasing trust and reliance of its client base. Despite challenges such as high inflation, rising interest rates, and low consumer confidence, the company has successfully met its financial objectives, showcasing the strength of its strategic planning and commitment to being client-centric.
Strategic Growth and Investment
In 2023, Universal Partners FX Ltd has continued to invest significantly in technology, products, processes, and people, reinforcing its competitive edge and fostering innovation. The company’s FX academy, designed to nurture young, ambitious talent, has been a phenomenal success, with many participants advancing to senior management roles within the company.
“Our internal culture remains a fundamental value, ensuring we create an environment where our people can thrive, learn, and grow,” said Oliver Carson, Chief Executive Officer of Universal Partners. “This focus on people and innovation allows us to serve our clients better and supports our strategic ability to enter new markets.”
Key Achievements
- Turnover: £1.5 billion (up 14%)
- Gross Profit: £10.09 million (up 55%)
- Pre-Tax Profit: £3.7 million (up 40%)
- New Clients: 246 (up 55%)
- Staff Headcount: Increased to 69 (up 50%)
- Net Assets: Increased to £6.3 million (up 62%)
The company has seen its core client base grow significantly by 55%, reaching 246 clients, a testament to its strategic capability to enter new markets and retain clients through exceptional service and innovative solutions.
Future Outlook
Looking ahead, Universal Partners is focused on diversification to remain resilient in future market conditions and expand its reach and revenue streams. By emphasising client satisfaction, investing in people, and continually innovating, the company is well-positioned to seize new opportunities and navigate the global economic landscape.
About Universal Partners FX Ltd
Universal Partners FX Ltd is a private limited company incorporated in the United Kingdom, specialising in cross-border payments and foreign exchange services. The company helps businesses manage their foreign exchange risks more effectively by providing international payment services and hedging solutions for corporate clients and high-net-worth individuals.
CEO STATEMENT
”As we conclude our sixth year, we’re proud to have achieved a significant milestone with a turnover of £1.5bn and a gross profit of £10.09 million. This success is a testament to our team’s hard work, dedication, and the positive culture we’ve built, which has been key to our growth and provides ample opportunities for personal and professional development. Our vision remains focused on helping clients grow through seamless cross-border payments, currency risk management and bespoke financial solutions. With continued investment in technology, people, and products, we’re well-positioned for future challenges and opportunities. We are very excited for the future ahead.”
– Oliver Carson
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