General Overview:

For over 30 years, Moneycorp have provided comprehensive foreign exchange and money services for businesses and individuals. TTT Moneycorp Limited was incorporated in 1962. In April 1979, we obtained a license from the Bank of England to operate bureau de change in Central London. Since then, the company has grown considerably in its retail, wholesale and commercial foreign exchange operations.

In 1996, its quality management system was certified to ISO 9002:1994 and we are now certified to the latest version – ISO 9001:2008. Moneycorp’s anti-money laundering policy and procedures have always been among the most stringent in the industry.

Its proven ability to adapt to change has resulted in continuous financial success, which is reflected in the achievement of an average annual income growth of over 20% since 1979.

Moneycorp have now been delivering specialist foreign exchange services for over 30 years, during which time we have continually evolved and refined our services to meet the expectations of our customers. Whilst embracing an ever-changing world, we maintain traditional values by providing personal, proactive and intelligent foreign exchange solutions to our customers.

History:

The company that is now TTT Moneycorp was originally called ‘David Leslie Jewellers Limited’, which traded in bullion jewellery from a premises on Oxford Street. In 1979, Bassam Shlewet purchased the company for the purpose of obtaining its Bond Street location. After the granting of a license from the Bank of England to trade in foreign currencies, the company name was changed to TTT Foreign Exchange Corporation.

TTT was originated from “Towns, Tickets and Tours”, a company name used for a short while to satisfy planning requirements that retail products were sold alongside FX services. Full planning permission was subsequently obtained to use the shop solely as a bureau de change. ‘TTT’ was dropped from the trading name as part of a rebrand in 2008.

The company achieved an average gross income growth of 20%+ per annum since 1979.

The company has 600 employees and is headquartered at 2 Sloane Street in Knightsbridge, London. It has three further office locations in London – Piccadilly, Brompton Road and Victoria – and operates offices in the US and Spain too. The company operates 27 bureau de change throughout Central London and at Gatwick, Stansted and Southampton airports.

Historical milestones

1962 – Company incorporated

1979 – Started dealing in foreign exchange

1996 – ISO 9000 Quality Assurance certification

2009 – Licensed Money Service Business. Authorised and regulated by the Financial Services Authority for the conduct of designated investment business and the provision of payment services.

Acquisitions

The Royal Bank of Scotland (RBS) Special Opportunities Fund is a significant shareholder in the Group.

Services:

To individuals:

• Spot Contracts – Buy or sell a currency for immediate delivery.
• Forward Contracts – Fix an exchange rate at which you buy or sell currency for delivery at a later date (up to two years).
• Stop Loss Orders – Set a minimum level at which you buy or sell your currency.
• Limit Orders – Set a higher target exchange rate at which, if this rate is achieved, you buy or sell your currency.
• Options: A foreign exchange option provides the right – but not the obligation – to enter into a foreign exchange contract at a known exchange rate on a known future date.
• Global Financial Services – Provided by 3 other trading divisions (includes: Retail Currency Services and Wholesale Currency Services).

Assist individuals within the following industry areas:

• Overseas property
• Emigrating/Moving abroad
• Sending money to the UK
• Overseas education fees
• Overseas mortgages & pensions
• Any regular overseas payments

To businesses

• Spot Contracts – Buy or sell a currency for immediate delivery.
• Forward Contracts – Fix an exchange rate at which you buy or sell currency for delivery at a later date (up to two years).
• Stop Loss Orders – Set a minimum level at which you buy or sell your currency.
• Limit Orders – Set a higher target exchange rate at which, if this rate is achieved, you buy or sell your currency.
• Options: A foreign exchange option provides the right – but not the obligation – to enter into a foreign exchange contract at a known exchange rate on a known future date.

Why Moneycorp?

At Moneycorp, we draw upon a diverse group of people and a wealth experience to provide our customers and business partners with a level of service that is unrivalled in our industry. We take great pride in the professional quality of our work. As the only ISO-certified organisation in our industry sector, we have a determination to achieve excellence in everything we do.

We encourage creativity and imagination in our business; we constantly strive to find a better solution to customers’ needs. We take pride in the fact that we have pioneered many of the practices and techniques that have become standard in our industry. The size of our organisation is an important factor and enables us to deliver the best possible standards of service. We are large enough to undertake the biggest transfers, yet small enough to care about each and every transaction that our customers undertake with us. It is this proactive and personal service that contributes greatly to our success.

One of our most important assets is our reputation cannot be bought; it is earned over a long period of time, over 30 years, and constantly maintained as each day passes.

Key Facts

Number of employees: 600+

Number of clients: Over 2.8m customers served in 2010