It's not all doom and gloom for Cornish business as demonstrated by Penzance based currency dealers TorFX, who are featured in this year's FastTrack 100 list published by The Sunday Times.
The company helps individuals and companies who need to make currency transfers, providing bank beating exchange rates , specialist advice and free international transfers as an alternative to using the major banks. Typical clients of TorFX include people buying or selling an overseas property, as well as local and national companies that are either importing or exporting, see our website at www.torfx.com.
Over the last four years TorFX has “brought the city to Penzance ”, offering a service that is usually the preserve of financial institutions and banks. Owners and employees were delighted when The FastTrack 100 ranked TorFX as one of the fastest growing companies in the UK . The prestigious annual league table follows years of solid growth with turnover (measured by currency transactions) soaring to £280,000,000 for the year to September 2008. During the last year Tor have taken larger premises in Penzance allowing for further expansion as demand for the company's money saving services remains strong, despite the general economic downturn.
Managing director Jon Beddell attributes the company's success to the dedication of its staff, and the ability to offer extremely competitive exchange rates. “ Cornwall is a great location for our business. Lower overheads allow us to remain extremely competitive compared to our city based rivals, and we've been able to recruit excellent staff who are committed to providing a high quality service to clients.”
Are TorFX likely to recruit more staff over the coming year? “Yes, we are always looking for talented people to join team of account managers, traders and back office staff.”
So, what's next for TorFX? “We are about to launch a pre-paid travel money card which allows the user to load currency onto the card (at our commercial exchange rates) and use it for holiday spending and foreign travel. This offers a more secure, convenient and cost saving way to carry currency”.
TORFX – 0800 612 9625
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