Cornerstone FS to sell non-trading subsidiary Capital Currencies
Cornerstone FS plc (LON:CSFS) has entered into a share purchase agreement for the sale of its non-trading subsidiary, Capital Currencies Ltd.
Cornerstone FS plc (LON:CSFS) has entered into a share purchase agreement for the sale of its non-trading subsidiary, Capital Currencies Ltd.
Revenue increased by 90% to £3.6m (H1 2022: £1.9m) through the continued expansion of the Group’s payments capabilities and offering.
Cornerstone FS expects to report total revenue for H1 2023 of approximately £3.6 million, representing an increase of 89% over H1 2022.
Cornerstone FS, a Forex and payments company, announces its final results for the year ended 31 December 2022.
Cornerstone FS Plc announces the completion of the sale of Avila House Ltd to Aspire Commerce Ltd.
Cornerstone FS forecasts unaudited revenue to be approximately £1.95 million versus £0.95 million for the same period last year.
Cornerstone FS now expects to report total revenue for 2022 of approximately £4.8 million, 12% ahead of market expectations.
Cornerstone FS has entered into a share purchase agreement for the sale of its non-core subsidiary, Avila House, to Aspire Commerce Ltd.
The growth in revenue was driven by clients that the Group serves directly, accounting for approximately 78% of total revenue.
Daniel Mackinnon has tendered his resignation from the Board of Cornerstone FS effective 1 November 2022.