BP Prime Swings to Loss in 2025 as Revenue Plummets by Nearly £13 Million
Black Pearl Securities Limited, operating as BP Prime, has released its financial results for the fiscal year ended 31 March 2025. The company reported a net loss of £427,240, marking a significant downturn compared to the net profit of £849,270 recorded in the previous financial year.
Turnover Drops, Operating Losses Increase
The statement of comprehensive income reveals that total turnover declined substantially to £3,517,912, down from £16,039,380 in the preceding year. This decrease in revenue had a considerable impact on the company’s overall financial performance.
Gross profit for the year fell sharply to £229,248, down from £1,999,954 in the prior year. The reduction in gross profit was accompanied by an increase in cost of sales and administrative expenses relative to the lower revenue base.
Source: Company Information, UK
Operating results reflected these trends, with the company posting an operating loss of £593,362, in contrast to an operating profit of £1,132,630 achieved in the year before. The downturn in operating performance was a key factor in the overall loss reported.
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BP Prime Notes New Interest Income
BP Prime recorded interest receivable of £23,366, an item not present in the previous year’s accounts. Tax charges for the year stood at £142,756, reflecting adjustments related to the loss. This compares to a tax expense of £283,360 reported in the prior year.
“The company's financial risk management objectives are therefore to minimise the key financial risks through having clearly defining terms of business with counterparties and stringent market control over transactions with them and regular monitoring of cash flow and management accounts to ensure regulatory capital requirements are not breached and the company maintains adequate working capital,” the company stated in its filing.