BP Prime operator Black Pearl Securities reported £570,722 in 2026 revenue, while its annual net loss narrowed to £241,429, according to its latest financial report.
BP Prime Operator Narrows Annual Loss as Revenue Falls to £570,000
Black Pearl Securities Limited, the contract for difference (CFD) broker operating under the BP Prime brand, recorded a sharp decline in operating revenue for the financial year ended 31 March 2026, although its net loss narrowed significantly from the previous year. The result was confirmed in the company’s latest annual report.(Source: Finance Magnates, CFD Broker BP Prime Operator Reports £570K Revenue in 2026, published: 2026-07-07.)
Black Pearl Securities is authorised and regulated by the UK Financial Conduct Authority (FCA), with firm reference number 688456 and company registration number 08823678. The company trades under the BP Prime name and mainly provides forex, index and commodity CFD trading services to professional and institutional clients, operating under an agency execution model.
Revenue Falls from £3.52 Million to £570,000
The report shows that, during the financial year from 2025-04-01 to 2026-03-31, the company’s turnover was £570,722, representing a substantial decline from £3.52 million in the previous financial year. After deducting cost of sales of £175,286, the company reported gross profit of £395,436, higher than the £229,248 recorded in the previous financial year.
Although gross profit increased, the company remained loss-making after administrative expenses of £647,856 were taken into account, recording an operating loss of £252,420. This marked an improvement from the operating loss of £593,362 reported for the financial year ended 2025-03-31.
Net Loss Narrows to £241,000
The financial statements show that interest receivable and similar income fell from £23,366 in the previous financial year to £8,321. As a result, the company’s loss before tax narrowed to £244,099, compared with £569,996 in the previous financial year.
During the financial year, the company recognised a tax credit of £2,670, far below the £142,756 recorded in the previous financial year. After accounting for the tax credit, Black Pearl Securities reported a net loss of £241,429, improving from the £427,240 net loss recorded in the previous financial year. The key financial indicators for the two financial years are compared below.
| Financial Indicator | FY2026 (Ended 03-31) | FY2025 (Ended 03-31) | Direction of Change |
|---|---|---|---|
| Turnover | £570,722 | Approximately £3.52 million | Down |
| Gross profit | £395,436 | £229,248 | Up |
| Operating loss | £252,420 | £593,362 | Narrowed |
| Net loss | £241,429 | £427,240 | Narrowed |
Directors Outline Key Financial and Non-Financial Risks
The company’s directors stated in the report that the main financial risks were concentrated in two areas:
Counterparty credit risk;
Maintaining sufficient liquidity to meet regulatory capital requirements and working capital needs.
The directors stated that the company and is . In terms of non-financial risks, the directors identified information technology failure as the main risk and explained that it could be mitigated through .
In relation to risk control mechanisms, the directors listed the areas subject to regular review as including:
Capital, profitability and regulatory capital management;
Business planning and risk management.
The report added that the company follows the standardised approach for market risk and the simplified standardised approach for credit risk. During the reporting period, all operations were treated on a going concern basis.(Source: Finance Magnates, CFD Broker BP Prime Operator Reports £570K Revenue in 2026, published: 2026-07-07.)
Questions About BP Prime Operator’s Financial Report
How much revenue did Black Pearl Securities report for the 2026 financial year?
According to its latest annual report, the company reported turnover of £570,722 for the financial year ended 2026-03-31, representing a sharp decline from approximately £3.52 million in the previous financial year.
What was the company’s net loss for the 2026 financial year?
The company recorded a net loss of £241,429, narrowing from the £427,240 net loss reported in the previous financial year.
Why did the company remain loss-making despite higher gross profit?
The report shows that the company’s gross profit rose from £229,248 to £395,436, but after administrative expenses of £647,856 were included, it still recorded an operating loss of £252,420. Administrative expenses exceeding gross profit were the main reason for the loss.
Which regulator authorises BP Prime?
BP Prime is the trading name of Black Pearl Securities Limited, which is authorised and regulated by the UK Financial Conduct Authority (FCA), with firm reference number 688456.
Which risks did the directors identify as the company’s main risks?
The directors identified counterparty credit risk and liquidity maintenance as the main financial risks, and information technology failure as the main non-financial risk. They also stated that these risks were mitigated through backup systems and disaster recovery plans.
