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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.

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