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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.) (Dec 2019)34(+4%)
Revenue (FY, 2018)£4.6 M(+18%)

Key People/Management at Third Financial

Stewart Foster

Stewart Foster

Group Chief Revenue Officer
Ian Partington

Ian Partington

Group Chief Executive Officer
Ricky Ali

Ricky Ali

Managing Director, Third Financial Software
Pete Caddick

Pete Caddick

Founding Director, Third Financial Group
James Waterman

James Waterman

Chief Operating Officer, Third Financial Software
Shailan Shah

Shailan Shah

Financial Controller, Third Financial Group
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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
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Third Financial Financials and Metrics

Summary Metrics

Founding Date

2008

Third Financial total Funding

$3.9 m

Third Financial latest funding size

$3.87 m

Time since last funding

5 years ago

Third Financial 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
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Third Financial Revenue

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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)
GBPY, 2018

Revenue/Employee

119.8k

Financial Leverage

2.3 x
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Third Financial Online and Social Media Presence

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Third Financial Blogs

Third Financial Group announces changes to Management Structure

Today, Third Financial Group formally announced the re-organisation of the company’s management structure to provide a robust framework to sustain the rapid growth being seen in its custody and software product lines. The new structure will ensure the best use of resources across the Group – the wea…

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 Stewart Foster, Ian Partington and Ricky Ali.

  • How many employees does Third Financial have?

    Third Financial has 34 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 £135.1 k.

  • Who are Third Financial competitors?

    Competitors of Third Financial include X Financial, Broadridge Financial Solutions 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 offices in London and Halesowen.

  • How many offices does Third Financial have?

    Third Financial has 2 offices.