Company News

Cornerstone Trading Update

Cornerstone FS plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, provides an update on current trading and the outlook for the year to 31 December 2021.

As noted in Cornerstone’s interim results announcement on 27 September 2021, the Group had seen improved gross margins in H1 and had been experiencing increased trading momentum during the first nine months of 2021, which we are pleased to report has been sustained into the fourth quarter of the year. This growth in revenue is being driven by the expansion of the Group’s direct client base, which now makes up the majority of Group revenue, together with the contribution of its new Asia team since they came on board in August. As a result, the Directors now expect revenue for the year ended 31 December 2021, to be significantly ahead of last year.

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Trading Update: Ahead of Expectations

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to provide the following unaudited update on trading for the year ended 31 December 2022. As noted in the trading update announcement on 17 November 2022, the Group had experienced strong

Sale of Aviva House

Value realisation of non-core small e-money institution to generate c. £600k Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has entered into a share purchase agreement (“SPA”) for the sale of its non-core subsidiary, Avila

We’ve appointed two new non-executive directors

Cornerstone FS Plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, is pleased to announce that it has appointed Simon Bullock and John Burns as Independent Non-Executive Directors, with immediate effect and from 1 December 2022 respectively. The Company also announces that Daniel Mackinnon has tendered his resignation from the Board effective 1

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