We work with a number of ‘sales agents’ and ‘manufacturer’s representatives’ based in the UK who receive commissions from brands (producing all manner of products) located abroad. Customers of these agency style businesses tend to pay the overseas supplier direct in a foreign currency so being able to introduce or rely on a foreign exchange specialist who can shave upwards of 2% off the sterling cost of that purchase is valuable to both the agency and to their customers.
Sending personal payments for living expenses, mortgage payments, foreign currency denominated salaries – all of these can come under the banner of ‘lifestyle’ and we are keen to emphasise that, large or small, we do it all.
We consider our experience of working with lifestyle businesses to range from small to medium sized interior design practises right across to sports gun manufacturers and rare-breed poultry importers.
Companies with products or services that ‘enhance’ the lives of their customer-base or who operate in such a way as to prioritise a style of interaction with their buyers might not pay close attention to their foreign exchange risks; and that is what we are here for.