HYCM Reshapes Its Business After £1.4 Million Management Takeover

At the start of 2024, Roger Bach and Stavros Lambouris completed a £1.4 million management buyout of HYCMs Dubai operations. This sum reflected the net asset value of the unit at the time, as confirmed by recent filings from HYCM Capital Markets (UK) Limited with Companies House.

The transaction marked a broader shift within the brokerage. On 1 January 2024, Bach and Lambouris took full control of the entire HYCM Group. However, the leadership structure changed again just months later when Bach retired in September, leaving Lambouris as the sole owner and head of the group.

Despite the leadership changes and the sale of its Dubai-based subsidiary, HYCM reported that its operations and strategic direction remained unaffected. Company filings described the year as “satisfactory,” with no major disruption to the firms ongoing business plan.

Financial results for HYCM Capital Markets (UK) Limited in 2024 reinforced that view. The company, regulated by the Financial Conduct Authority, recorded £951,000 in revenue, down from £1.07 million the previous year. Nevertheless, net profit soared to £1.25 million, significantly from £62,000 in 2023. This improvement was primarily driven by a £972,000 fair value gain, highlighting the financial benefit of the Dubai units divestment.

Additionally, the company's balance sheet strengthened, with total assets increasing from £2.4 million to £3.65 million. Return on net assets climbed dramatically to 34.2% from just 2.6% a year earlier. This surge was largely attributed to proceeds from the Dubai sale.

Meanwhile, the groups Cyprus-based operation exited the European Union market in 2024 after voluntarily surrendering its licence and ceasing to onboard EU clients. Following this, the HYCM brand is now exclusively managed by its UK entity and the Dubai-based HYCM Limited, which continues to operate under a local regulatory licence.

The board expressed optimism for the future, noting growing demand for Contracts for Difference (CFDs) in its core markets. It stated that the group is well positioned to capitalise on this trend and expand further in 2025.