Foreign exchange retailer to open 20 new branches across UK and Ireland

Financial services provider Fexco’s foreign exchange retailer No.1 Currency has announced plans to open 20 new branches across the UK and Ireland, creating 50 new jobs.

When the No.1 Currency brand was purchased by Fexco in 2012, it operated a network of 15 branches. In just three years it has added a further 35 locations to its portfolio, now employing more than 200 people across the UK and Ireland.

The No.1 Currency brand now handles one in 50 of all travel money purchases in the UK and this year will see sales of foreign currency exceed £0.5billion encompassing over two million transactions since its acquisition by Fexco.

The company is due to add 20 more branches to the network. The growth, which includes a new branch in The Pavilions Shopping Centre Swords later this month, will see the creation of 50 new jobs.

Joe Redmond, director of Foreign Exchange Services, Fexco, comments: “Today’s news marks a significant coup for Fexco. When we acquired the No.1 Currency brand in 2012, the network encompassed only 15 branches. In just three short years we have more than tripled that number and are set to sell over half a billion pounds in foreign currency by the end of 2015. We have a committed and passionate team both here in Ireland and in the UK, and we aim to continue our expansion with an ambitious strategy to double the size of the business within three years.”