Most travellers will have seen one of Travelex’s 700 foreign-exchange outlets at airports, ports or railway stations around the world. The company estimates that 1.7 billion people a year pass through the airports where it operates. It also handles international payments for 35,000 firms and is the world’s largest issuer of international pre-paid cards. Peter Jackson, the new chief executive, joins a team headed by founder and executive chairman Lloyd Dorfman. Apax bought a 57% stake in the group in a £1.1 billion deal in 2005. Sales reached £599m in 2009 and debt of £1.5 billion was reported.

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
Sales £m*599
Profit £m*105
Year endDec 09
Principal shareholdersApax Partners (55%), Lloyd Dorfman (28%), management (10%), Standard Chartered Bank (7%)

If applicable:

* Supplied by company † Annualised figure