Spreadex in Profit 100
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Spread betting firm Spreadex has beaten the odds by being named in the Sunday Times Pricewaterhouse Coopers Profit Track 100 for the third year in a row.
The prestigious list compiles the UK’s private companies with the fastest growing profits over the past three years.
And Hertfordshire-based Spreadex has been awarded 49th place in this year’s chart which was published yesterday (April 20).
Managing Director Jonathan Hufford said: “We are absolutely delighted to be featured in the Sunday Times list for a third year in succession.
“The achievement reflects the continued growth of the company and we have exciting plans to expand the business even further in the coming years.”
Spreadex was originally formed in 2000 with a handful of staff but now has grown to around 100 employees.
In February the firm completed a £1.1m relocation to new offices in St Albans and last month achieved a new record number of bets placed.
Mr Hufford added: “We are a financial trading company with most of our business based in and around the city.
“Although the current economic climate is turbulent, the beauty of our product is that our customers are able to benefit from both rising and falling markets.
Spreadex allows individuals to bet on financial markets or sporting events by offering a prediction or ‘spread’ on future outcomes.
Clients, who think a particular outcome will be higher than the Spreadex prediction can ‘buy’ at the given quote while those who believe the outcome will be lower can ‘sell’.
A full explanation of the workings of the different markets and details on the latest prices available are online at the company’s website:
"Spreadex in Profit 100" last update by RThomas, 01-Oct-2008
Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.
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