Fast Track 100

If TorFX founder Jon Beddell has his way, traveller’s cheques will one day be replaced by a pre-paid travel debit card carrying different currencies like the one his company offers in partnership with Mastercard. TorFX handles large foreign-currency transactions of £5,000 and above from its base in Cornwall. It claims to register more than 500 individual and corporate clients monthly, including Ginsters and Mitsubishi Carbide. The firm says its competitive pricing has pushed up sales—measured by gross transaction value—217% a year from an annualised £8.3m in 2005 to £265.4m in 2008.

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Company details
Year2008
Rank2
CompanyTorFX
ActivityForeign exchange provider
LocationCornwall
Annual sales rise over 3 years217.08%
Latest sales £000s265,389
Staff46
Founded2004
Websitewww.torfx.com

If applicable:

* supplied by company † annualised figure