threesixty profits slashed following Standard Life takeover

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 Standa...