Capital Com (UK) Limited’s 54% revenue decline in 2025 looks like a contraction until the entity boundary is reconstructed. Average monthly headcount fell from 116 to 30, a reduction of 86 people or 74.1%, after the group transferred employees and operating activities to a separate service company. Yet segregated client funds at the regulated UK broker rose from £19.7 million to £21.7 million.
The proposed broker-group listing shows large affiliate funding and trading balances, a 46% receivable decline by June and acquisition-driven brokerage growth.
Removing matched client funds cuts analytical non-client current assets to $1.80bn against $3.36bn of non-client current liabilities as a $2bn refinancing approaches.