Third Financial

Founded in 2008 and exclusively focussed on the Wealth and Investment Management sector, Third Financial is one of the fastest growing and most innovative software and platform service providers in the market today. Our award-winning front-to-back Tercero software is used by around 50 Investment and Wealth firms to manage over £40bn of assets, and by more than 1,000 industry professionals. Tercero Platform is our next-generation platform services offering for firms choosing to outsource middle and back office operations. It will be available to clients from Spring 2016. With our software expertise and in-depth understanding of all aspects of investment management operations, we are uniquely placed to provide our clients with the services they require, through our software and platform solutions.
Company Growth (employees)
Type
Private
HQ
London, GB
Founded
2008
Size (employees)
40 (est)+3%
Third Financial was founded in 2008 and is headquartered in London, GB

Third Financial Office Locations

Third Financial has offices in London and Halesowen
London, GB (HQ)
17 Neal's Yard
Halesowen, GB
Fountain House Great Cornbow

Third Financial Financials and Metrics

Summary Metrics

Founding Date

2008

Total Funding

$3.9 m

Latest funding size

$3.9 m

Time since last funding

over 2 years

Investors

Third Financial's latest funding round in May 2015 was reported to be $3.9 m. In total, Third Financial has raised $3.9 m

Third Financial Financials

Third Financial's revenue was reported to be £4 m in FY, 2016 which is a 10% decrease from the previous period.
GBP

Revenue (FY, 2016)

4 m

Revenue growth (FY, 2015 - FY, 2016), %

(10%)

Gross profit (FY, 2016)

1.8 m

Gross profit margin (FY, 2016), %

46%

Net income (FY, 2016)

(880.4 k)

EBITDA (FY, 2016)

(994.1 k)

EBIT (FY, 2016)

(1.1 m)

Cash (31-Dec-2016)

1 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2015FY, 2016

Revenue

255.8 k923.5 k1.7 m2.6 m4.5 m4 m

Revenue growth, %

(10%)

Cost of goods sold

156.8 k392.8 k505.5 k644.6 k1.8 m2.2 m

Gross profit

99.1 k530.8 k1.2 m2 m2.7 m1.8 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2015FY, 2016

Net Income

(573.7 k)(51.6 k)192.5 k61.4 k263.1 k(880.4 k)

Cash From Operating Activities

680.2 k(268.8 k)

Cash From Financing Activities

181.4 k1.4 m

Net Change in Cash

85.9 k383.2 k
    GBPY, 2016

    Revenue/Employee

    93.2 k

    Financial Leverage

    1.5 x
    Show all financial metrics

    Third Financial's Web-traffic and Trends

    Third Financial Online and Social Media Presence

    Third Financial Company Life and Culture

    You may also be interested in