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Threesixty returns to profit

Threesixty has posted a pre-tax profit £192,000 for 2012, compared to a £87,000 loss in 2011.

The company’s accounts, published on Companies House today, show total turnover was up 2 per cent from £5.02m in 2011 to £5.13m in 2012.

In August 2012 Threesixty posted unaudited pre-tax profit figures for the first half of last year of £167,7563. At the time the company said it was targeting a “modest profit” of £250,000 for 2012. 

Threesixty managing director Phill Young told Money Marketing that his firm expects to receive £400,000 in provider payments this year but that Threesixty makes no profit from the arrangements. 

He called on other support services firms and networks to come clean over the marketing payments they receive from providers.



Don’t just follow the crowd on peer to peer lending

I read last week’s crowdfunding analysis piece in Money Marketing with great interest. Crowdfunding is getting plenty of attention in the national press. And it’s not without its critics. Quite rightly there is a degree of scepticism. Any emerging investment opportunity must be thoroughly researched and the appropriateness to potential investors questioned. There are many […]


Countrywide warns of broker recruitment crisis

Countrywide financial services director Nigel Stockton has warned the industry is facing a broker recruitment crisis.

 Speaking at the Financial Services Expo in London last week, Stockton warned lenders will be sweeping up qualified brokers in the run-up to the mortgage market review, when most non-advised sales will be banned. The rules require every mortgage […]


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