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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.
TypePrivate
Founded2008
HQLondon, GB
Websitethirdfin.com

Latest Updates

Employees (est.) (Sept 2021)47(+5%)
Revenue (FY, 2018)£4.6 M(+18%)
Cybersecurity ratingBMore
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Key People/Management at Third Financial

Ian Partington

Ian Partington

Group Chief Executive Officer
Michael Scott

Michael Scott

Chief Financial Officer
Ron Tomlinson

Ron Tomlinson

Chief Technical Officer
Greg Parish

Greg Parish

Proposition Director
James Waterman

James Waterman

Operations Director
Michael Collins

Michael Collins

Compliance Director
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Third Financial Office Locations

Third Financial has an office in London
London, GB (HQ)
17 Neal's Yard
London, GB
birchin court, 20 Birchin Ln, Langbourn
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Third Financial Financials and Metrics

Summary Metrics

Founding Date

2008

Third Financial total Funding

$13 m

Third Financial latest funding size

$9.12 m

Time since last funding

a year ago

Third Financial investors

Third Financial's latest funding round in October 2020 was reported to be $9.1 m. In total, Third Financial has raised $13 m
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Third Financial Revenue

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View revenue for all periods
Third Financial's revenue was reported to be £4.59 m in FY, 2018
GBP

Revenue (FY, 2018)

4.6m

Gross profit (FY, 2018)

2.4m

Gross profit margin (FY, 2018), %

52.2%

Net income (FY, 2018)

(612.9k)

EBITDA (FY, 2018)

381.6k

EBIT (FY, 2018)

(636.4k)

Cash (31-Dec-2018)

1.1m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

255.8k923.5k1.7m2.6m4.5m4.0m3.9m4.6m

Revenue growth, %

(10%)

Cost of goods sold

156.8k392.8k505.5k644.6k1.8m2.2m2.0m2.2m

Gross profit

99.1k530.8k1.2m2.0m2.7m1.8m1.9m2.4m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

237.0k492.0k319.7k273.7k341.0k543.9k629.8k1.0m1.6m1.1m

Accounts Receivable

65.6k210.3k337.1k660.9k453.6k602.3k588.4k600.8k371.6k618.6k349.9k

Current Assets

89.0k462.7k850.3k1.0m727.2k943.3k1.1m1.7m1.9m2.7m2.1m

PP&E

28.0k32.6k19.8k37.2k26.1k27.8k24.6k97.0k109.1k117.4k79.9k
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(573.7k)(51.6k)192.5k61.4k263.1k(880.4k)(605.6k)(612.9k)

Cash From Operating Activities

680.2k(269.4k)(565.5k)491.0k

Cash From Financing Activities

181.4k1.4m1.7m123.6k

Net Change in Cash

85.9k383.2k552.6k(435.9k)
GBPFY, 2008

Financial Leverage

-0.7 x
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Third Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Third Financial Online and Social Media Presence

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Third Financial News and Updates

London’s Grafton Capital invests £7 million in Third Financial, taking majority ownership

Private equity firm Grafton Capital has invested £7 million into Third Financial, a London-based investment platform and software provider, taking majority ownership of the startup. About £1.5 million of fresh capital — which  follows previous investment rounds in 2015 (£2.5 million), 2016 (£1.5 mil…

US Lighting Group Completes Third Financial Audit

EUCLID, Ohio, Oct. 06, 2020 (GLOBE NEWSWIRE) -- U.S. Lighting Group, Inc. (OTC:USLG), announced it completed its second and third years audited financials ending December 31, 2018 and 2019.

Third Financial Blogs

Arden Partners selects Third Financial

Arden Partners selects Third Financial ian Mon, 18/10//2021 - 11:24 Third Financial is pleased to announce that Arden Partners plc have decided to power their new Wealth Management service using Third’s Investment Platform. Formed in 2002, Arden have grown to become a market-leader in…

Third Financial welcomes Archax, the digital securities exchange, to its platform

Third Financial welcomes Archax, the digital securities exchange, to its platform ian Wed, 06/10//2021 - 15:40 Third Financial is delighted to have been chosen to provide post-trade connectivity for Archax, the UK’s first FCA-regulated digital securities exchange. Commenting on the an…

Whitman Asset Management growing strongly on Third’s Investment Platform

Whitman Asset Management growing strongly on Third’s Investment Platform ian Thu, 23/09//2021 - 12:06 Third Financial is delighted to announce the successful onboarding and accelerated growth of Investment Platform customer, Whitman Asset Management. Whitman is an independent investme…

Third Financial Appoints New Chief Risk Officer

Third Financial Appoints New Chief Risk Officer ian Thu, 16/09//2021 - 09:37 Third Financial is pleased to announce the appointment of Stuart Richards as Chief Risk Officer to strengthen the regulatory and operational risk oversight function as the company continues to grow its custome…

Third Financial on target with latest customer win

Third Financial on target with latest customer win ian Wed, 15/09//2021 - 19:14 Third Financial is pleased to announce the recent onboarding of Bullseye Financial to its Investment Platform. Bullseye Financial offers tailored investment services to professional private and institution…

Stuart Richards

Stuart Richards juliette Sat, 11/09//2021 - 12:48 Chief Risk Officer Stuart joined in 2021 to oversee all areas of regulatory and operational risk. He began his career at Baring Asset Management in 1992, gaining experience in both front and middl…
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Third Financial Frequently Asked Questions

  • When was Third Financial founded?

    Third Financial was founded in 2008.

  • Who are Third Financial key executives?

    Third Financial's key executives are Ian Partington, Michael Scott and Ron Tomlinson.

  • How many employees does Third Financial have?

    Third Financial has 47 employees.

  • What is Third Financial revenue?

    Latest Third Financial annual revenue is £4.6 m.

  • What is Third Financial revenue per employee?

    Latest Third Financial revenue per employee is £97.7 k.

  • Who are Third Financial competitors?

    Competitors of Third Financial include RPM Technologies, Syfe and T-REX.

  • Where is Third Financial headquarters?

    Third Financial headquarters is located at 17 Neal's Yard, London.

  • Where are Third Financial offices?

    Third Financial has an office in London.

  • How many offices does Third Financial have?

    Third Financial has 2 offices.