Ain’t No Mountain High Enough for Ambitious UK Businesses!

MONEYCORP NEW LOGO 450x125pixMajor Events International (MEI) has partnered with exchange experts, moneycorp, to provide money saving foreign exchange services to MEI members. If you or your clients have international payment requirements, moneycorp can offer expert guidance and tailored payment solutions for your business.

 

One of the secrets to profitable international business operations is being efficient with currency costs. While trading internationally can mark a significant milestone for a growing business, there are some important considerations to ensure profit margins are not affected by associated trading costs.  

 

Moneycorp can offer a variety of foreign exchange services to businesses of all sizes – SMEs to blue chips – ranging from simple one-off international payments to more complex international payment strategies.* With bank-beating exchange rates and free expert guidance around the foreign exchange market, moneycorp enables clients to make the most of moving their money overseas.

 

One of the many businesses moneycorp has supported is fast becoming one of the UK’s largest outdoor clothing and equipment retailers. When Mountain Warehouse sought to implement ambitious plans to expand its operations internationally, it wanted to work with an established foreign exchange specialist and moneycorp ticked all the boxes.   

 

Marcus Ward, finance director at Mountain Warehouse, explains: “Having grown steadily for well over a decade, a few years ago we decided that we were in a position to expand into the overseas market.

 

“To sell our goods overseas, we knew it was vitally important to protect our business from the risks associated with different currency markets and ever changing foreign exchange rates.”

 

Moneycorp allocates every corporate client a dedicated account manager who will guide you through the transfer process and help you negotiate the often fast-paced currency markets. They can explain the range of specialist tools available to help protect your business from detrimental rate movements, such as a ‘forward contract’. This allows you to fix the current exchange rate for a transfer that happens up to two years in the future – so you can budget ahead with confidence.

 

For Mountain Warehouse, this expert personal service offered by moneycorp has enabled them to mitigate the risk posed by negative fluctuations in the currency market. “Moneycorp has helped safeguard our company against some of these risks. We use a forward contract to buy our currency, meaning that we can lock in a currency rate and not have to worry about exchange rate shifts hitting out business margins.

 

“We are continuing to grow considerably. Our turnover recently increased to over £100m and as our business grows, so do our currency needs. With this in mind, it is assuring to know that our international transfers are in safe hands.”

 

When sending money between countries it’s important to be security-conscious. Moneycorp is authorised and regulated by the Financial Conduct Authority for the provision of payment services and customer funds are safeguarded in segregated client accounts. Last year, it undertook 9.2m customer transactions and traded more than £13bn in currency on behalf of its customers. 

 

*Provided by Moneycorp Financial Risk Management Ltd. Moneycorp FRM is a trading name of Moneycorp Financial Risk Management Ltd. Registered in England: No. 5774742 VAT registration No. 922 0891 35 Registered office: 2 Sloane Street, Knightsbridge, London SW1X 9LA. Moneycorp Financial Risk Management Ltd. is authorised and regulated by the Financial Conduct Authority for the conduct of designated investment business

Foreign exchange options and other derivative products are not suitable for everyone and you should ensure you fully understand the risks involved before purchasing these products.

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