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.

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
ActivityForeign exchange operator
LocationCentral London
Annual sales rise over 3 years65.79%
Latest sales £000s463,108

If applicable:

* supplied by company † annualised figure