Baydonhill wants to exit AIM as stock tanks

Cross border payment, mortgages and foreign exchange provider Baydonhill has reported an underlying loss for the 12 months to the end of March and proposes to take its shares off the AIM exchange.

Cross border payment, mortgages and foreign exchange provider Baydonhill has reported an underlying loss for the 12 months to the end of March and proposes to take its shares off the AIM exchange.

Turnover for the full year was at £1.079bn, down sharply from the £1.465bn seen in the prior year. The reason the figures are so large is because the firm makes its money from foreign exchange, so profits are a tiny fraction of turnover.

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