Travel FX Debuts in Top Half of Sunday Times Fast Track 100

Dec. 3, 2012 - PRLog -- Mail order holiday money company, Travel FX, has earned an impressive 34th spot in the Sunday Times Fast Track 100 unveiled this weekend.  The North London broker has shown a compound annual growth rate of 91.86% over the last three financial years – all the more impressive as they set up in 2008 at the start of Britain’s longest post-war recession.

Travel FX Co-Founder, Graham Tennant, speaks of the achievement, “It’s quite something to appear in the top half of such a prestigious league table but it reflects the hard work and effort put in by all our staff and affiliates.  Our stellar growth also indicates the changing times we are living in.  Clients are much more comfortable making purchases over the internet and shop around for the best deal - even when it comes to foreign currency.  The public is no longer willing to pay over the odds by using ‘traditional’ providers and we are happy to be at the forefront of a business that likes to give more for less.  Expect us to reappear in the Fast Track 100 in the future as we explore new sales channels and cement our reputation as a reliable and trusted provider.”

Processing more than one million foreign currency transactions each week, Travel FX has a simple but effective business model.  Travellers purchase, via bank transfer, BACS, CHAPS or over the counter, the amount of money they want and it is posted out by Royal Mail-insured special guaranteed next day delivery to their doorstep.  More than 60 currencies are available and Travel FX offers the peace of mind granted by being FSA authorised and HMRC registered as a money broker.  

Travel FX competes with banks and airport bureau de changes by offering high exchange rates, no commissions and, with a solely online operation, infrastructure costs are minimal.  Invariably Travel FX tops the best rate charts on price comparison websites with compareholidaymoney.com currently giving Travel FX a rating of 4.9 out of 5 from 362 independent customer reviews.    Additional revenue is generated by a network of affiliates.

Holding company Mortgage FX Ltd was cofounded by Graham and colleague Damian George in 2008.  Based in Hertfordshire, the company employees just 12 in order to keep costs low and pass the savings to customers.  Sub business, Travel FX, is joined by IMS FX and the latest addition to the portfolio - Overseas Money Transfers Ltd.  

The Fast Track 100 is sponsored by Virgin, Barclays, and RSM Tenon.  It is compiled by Fast Track, the Oxford-based networking events and research company.  Sir Richard Branson of Virgin, which has been the title sponsor of the league table for all 16 years, commented:  “The tough economic conditions of the last few years have continued throughout 2012.  Despite the positive feelings and boost provided by the Olympic and Paralympic Games in London, the UK’s recovery has been slow and uneven this year.  Against this backdrop, the Fast Track 100 companies have performed especially well, growing strongly and creating all important jobs.”

For further information on Travel FX visit www.travelfx.co.uk, email graham@travelfx.co.uk or call +44 (0) 207 183 2790.  To see full details of this year’s Sunday Times Virgin Fast Track 100 visit www.fasttrack.co.uk.    
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