Fast Track 100

Penzance-based TorFX offers foreign currency transactions on sums from £5,000 to more than £5m. Its clients, operating mainly in Spain, France, America and Australia, include businesses and high-net-worth individuals, many of whom are referred by the removal company Allied Pickfords. Chief executive Jon Bedell claims the business has lower overheads than its London competitors. Sales at the Cornwall company, representing total transaction value, have grown 103% a year, from an annualised £43.2m in 2006 to £361.8m in 2009. Its commission on the trades amounts to £2.5m.

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Company details
Year2010
Rank23
CompanyTorFX
ActivityForeign exchange provider
LocationCornwall
Annual sales rise over 3 years103.01%
Latest sales £000s361,849
Staff51
Founded2004
Websitewww.torfx.com

If applicable:

* supplied by company † annualised figure