After its £20.8m acquisition of MyTravel Financial Services in April, Travelex claims to have almost 25% of the UK foreign-exchange travel market, and it operates 650 outlets in airports and cities across the world. It has 14,000 corporate customers and processes 29m financial transactions annually. Organic growth, the MyTravel acquisition, and Travelex’s £440m purchase of Thomas Cook’s financial-services division three years ago have pushed up the London company’s sales 66% a year from £102m in 1999 to £463m in 2002.

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Company details
Year2003
Rank91
CompanyTravelex
ActivityForeign exchange operator
LocationCentral London
Annual sales rise over 3 years65.79%
Latest sales £000s463,108
Staff4,986
Founded1976
Websitewww.travelex.com

If applicable:

* supplied by company † annualised figure