Blackwell Global Investments' directors had been busy cutting expenses in FY 2025; still, the annual operating loss increased nearly tenfold as the UK-regulated broker continued to reshape its business after moving away from retail trading.Operating loss widened to £172,449 from £21,074, while the loss before tax and loss for the financial year both reached £172,490.However, the directors said the company could continue operating for at least 12 months after the accounts were approved, citing a positive cash position and support from Blackwell Global Investments Bahamas where necessary.Revenue Falls as Costs Come DownThe latest accounts show that Blackwell Global’s UK entity continued operating with a smaller revenue base during the financial year. Turnover fell by 36.6%, extending the decline reported in the previous year’s accounts.At the same time, the company reduced administrative expenses by 16.8%. The directors said they had undertaken a cost-cutting exercise over recent financial years to reduce operational expenses while maintaining revenue.The accounts do not specify all areas of cost reduction, although lower directors’ remuneration and lower audit fees contributed to the fall in administrative expenses.Even so, the UK company remained loss-making as a sharper fall in revenue and a negative year-on-year swing in foreign exchange differences outweighed savings.Cash and cash equivalents also fell sharply, declining to £90,708 at the end of March 2026 from £329,653 a year earlier. The directors said the company had a positive cash position at year-end and maintained it after the reporting date.Source: Blackwell Global Investments (UK) Limited annual report and financial statements for the year ended 31 March 2026.Broker Continues Post-Retail ShiftFinance Magnates previously reported that Blackwell Global Investments (UK) Limited had moved away from the UK retail market after a strategic review.In the latest filing, the directors repeated that they considered the regulatory and competitive environment for retail business not worth pursuing. The company applied for a variation of permission with the Financial Conduct Authority at the start of 2025, which it received in June 2025.Following that change, Blackwell said the UK firm would focus solely on individuals and corporates that qualify as professional investors. Its stated model centres on introducing professional clients with complex trading needs to counterparties able to provide the required service.The firm also said it would provide bespoke trading solutions through order reception and transmission.Blackwell’s principal activity during the year involved offering clients, through introductions to third-party regulated trading venues, access to products including forex, indices, cryptocurrencies and commodities.The latest accounts therefore show the UK entity's financial position during the first full year of that strategic shift. Costs were reduced, but lower expenses did not prevent a much larger annual loss, leaving shareholder support and remaining liquidity central to the directors’ assessment that the company can continue operating.This article was written by Tanya Chepkova at www.financemagnates.com.