Fast Track 100

Whether you are buying a yacht, a villa on Italy’s Lake Como, or just importing a car, this company can handle the foreign exchange for you. From its base in the heart of Edinburgh’s financial district, the Xchange Business runs a network of 221 franchised bureaux de change across the country, trading under the brand No1 Currency. The company also targets the corporate market, attracting clients such as the Edinburgh Fringe and travel firm Travellers’ Choice. Founders Mark McElney and David Hale have pushed up sales – measured by gross transaction value – 60% a year from £45.1m in 2003 to £183.5m in 2006.

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Company details
Year2007
Rank96
CompanyNo 1 Currency
ActivityForeign exchange specialist
LocationEdinburgh
Annual sales rise over 3 years59.65%
Latest sales £000s183,457
Staff16
Founded1995
Websitewww.no1currency.com

If applicable:

* supplied by company † annualised figure