The news comes after the merger deal between TrigoldCrystal and Mortgage Brain was called off when the Office of Fair Trading referred it to the Competition Commission.
Trigold said today recurring revenues are running at 90% and net debt is expected to be satisfied completely in Q2, down from a peak of £6m in 2004.
No dividends are planned for 2011 and instead all surplus profits will be reinvested in product development.
The firm plans to offer several upgrades for its Prospector Platform this year including a tool to allow brokers to source based on affordability criteria as well as offering new buy-to-let functionality.
Other plans for the year include improvements to Prospector Online and Prospector Mobile as well as the launch of a Prospector iPhone/iPad application.
It will also launch a simpler website which Trigold claims will be easier to use than existing trading platforms and will move the broker more quickly into the lender origination services while retaining getting the advantage of pre-population.
Jon Whitmore, joint chief executive of TrigoldCrystal, said: “Our vision is to provide the most sophisticated product selection, compliance and point of sale tools available to mortgage intermediaries and product providers.
“Our clients are central to our culture and will be rewarded by having first access to the latest in specialist sourcing technology. The dominant position we hold in the marketplace helps our role of bringing lenders and intermediaries together in providing solutions for giving the best advice for the end consumer.
“We have very exciting times ahead and the market can expect a series of product upgrades and new product launches from TrigoldCrystal during the year ahead and beyond.”
