Swissquote UK loss widened in 2025 after revenue fell and costs rose, while its parent later injected £5 million into the business.
Financial statements for the year to 31 December 2025 showed pre-tax loss grew 52% to £1.76 million. Meanwhile, gross turnover dropped 39% to £320,921. Interest receivable and similar income also fell 53% to £188,670.
In January 2026, Swissquote Group Holding Ltd put £5 million into the UK unit. A month later, the Financial Conduct Authority approved the firm’s Variation of Permission application. That approval expanded its permissions for new products and services.
Swissquote UK Loss and Costs Rise
Administrative expenses climbed 17% to £2.27 million during the year. As a result, the company posted a net loss of £1.70 million after a prior-period tax adjustment. The company said it is carrying out a restructuring programme to return the business to profitability.
The balance sheet weakened over the same period. Shareholders’ funds fell 40% to £2.48 million. Client money in segregated accounts also dropped 51% to £2.90 million.
Cash and cash equivalents stood at £4.91 million at year-end. Meanwhile, trade and other payables reached £3.52 million. Of that total, £2.07 million was owed to group undertakings.
Platform Spending and Staffing Details
The firm capitalised £764,432 of software development costs for its GIA, ISA and SIPP trading platforms. However, those projects were still under development at the balance sheet date. They had not yet been amortised.
Its right-of-use asset became fully depreciated during the year. Lease liabilities were also fully settled. Swissquote UK employed nine people in 2025, unchanged from a year earlier.
Staff costs increased to £1.22 million. Directors’ remuneration rose to £548,711, while share-based compensation expense fell to £36,971. No dividend was paid or proposed for the year.
Swissquote UK operates on a matched-principal basis with Swissquote Bank Ltd, and all client trades are matched back-to-back.
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Source: Finance Magnates
