Owning a home in a hot country has become more than a fantasy for swathes of middle England. Currencies Direct has capitalised on this trend with a foreign-exchange service for individuals buying properties abroad, with offices in Spain, Cape Town, India and Australia. Its corporate customers include Allied Pickfords and Parador Properties. Chaired by Mayank Patel, a former City broker, the company has grown sales 58% a year, from an annualised £176m in 2001 to £700.5m in 2004, though margins are slim.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2005
Rank89
CompanyCurrencies Direct
ActivityForeign exchange provider
LocationCentral London
Annual sales rise over 3 years58.45%
Latest sales £000s700,526
Staff53
Founded1996
Websitewww.currenciesdirect.com

If applicable:

* supplied by company † annualised figure