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.
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.