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)
London, GB
Size (employees)
39 (est)-2%
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 Data and Metrics

Summary Metrics

Founding Date


Total Funding

$3.9 m

Latest funding size

$3.9 m

Time since last funding

about 2 years


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 Financial Metrics

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

Revenue (FY, 2016)

4 m

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


Gross profit (FY, 2016)

1.8 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

(880.4 k)

Cash (31-Dec-2016)

1 m
GBPFY, 2015FY, 2016


4.5 m4 m

Revenue growth, %


Cost of goods sold

1.8 m2.2 m

Gross profit

2.7 m1.8 m

Gross profit Margin, %


Operating expense total

2.6 m3 m

Pre tax profit

(8.6 k)(1.3 m)

Net Income

263.1 k(880.4 k)
GBPFY, 2014FY, 2015FY, 2016


543.9 k629.8 k1 m

Accounts Receivable

588.4 k600.8 k371.6 k

Current Assets

1.1 m1.7 m1.9 m


24.6 k97 k109.1 k


1.2 m1.4 m1.7 m

Total Assets

2.4 m3.1 m3.7 m

Accounts Payable

1.1 m194.1 k211.6 k

Current Liabilities

1.1 m1.3 m1.2 m

Total Liabilities

1.4 m1.3 m1.2 m

Retained Earnings

263.1 k(880.4 k)

Total Equity

1 m1.9 m2.5 m

Financial Leverage

2.3 x1.7 x1.5 x
GBPFY, 2015FY, 2016

Cash From Operating Activities

680.2 k(268.8 k)

Cash From Financing Activities

181.4 k1.4 m

Income Taxes Paid

271.7 k380.8 k
GBPY, 2016


93.2 k

Financial Leverage

1.5 x

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