Support services provider threesixty's profits were dented in 2010 following its takeover by Standard Life and an increase in staff costs.
Its combined constituent companies - Threesixty Support LLP and Threesixty Services LLP - made a operating profit of £879,4430 last year, down from £1.888m in 2009.
This came from a turnover of £5.224m, up narrowly from £5.193m in the previous year.
In March 2010, the company was bought out by Standard Life, which previously had a 25% stake.
One area where the company saw increased costs was in staffing, with wages and salaries up from £1.691m to £2.487m, and managing director Phil Young explained how this was affected by the takeover.
He said: "Before we were acquired by Standard Life, some of us earned money from a dividend from the profits. As we're not equity partners anymore, we're just paying ourselves a salary."
He also said the company would continue to reinvest any profits into the company over the next few years to adapt to changes in the industry.
"Whilst we continue to trade as an independent business, we have the financial backing of a FTSE 100 Plc which allows us to execute on this strategy, and this long term view is in the best interests of our clients," he added.
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