Fast Track 100

British holidaymakers seeking summer sun abroad keep this business busy during July and August. With 256 bureaux de change, No1 Currency offers currency exchange and wire transfer services to individuals from travellers to investors in foreign property. From its base in the heart of Edinburgh the company also attracts corporate clients including Dairy Direct and Caledonian Investments (Gulf). Founders Mark McElney and David Hale want to keep up the pace of expansion and have helped grow sales—measured by gross transaction value—by 76% a year from £87.7m in 2005 to £474.1m in 2008.

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
CompanyNo 1 Currency
ActivityForeign exchange specialist
Annual sales rise over 3 years75.50%
Latest sales £000s474,061

If applicable:

* supplied by company † annualised figure