Wednesday, 18 April 2012

How Smart helped David from Enexos

Throughout history the sun has been used to give light and heat and its almost unlimited potential can provide more than enough energy for the whole planets growing energy demands. Many different methods have been used to capture its energy but by far the most simple method is the use of photovoltaic (PV) cells which trap the sun's energy and convert it into electricity.

London-based company Enexos were established in 2009. Their aim was to show that the use of solar power is sustainable and profitable for small and medium-sized businesses.

After the Labour Government introduced generous feed-in tariffs to encourage businesses to investigate renewable energy options, people were quick to invest and Enexos was bombarded with demand for their design and consultancy services to do with PV cells.

Shortly after the Coalition Government took the reigns from Labour in May 2010 a complete U-turn in policy was announced that detrimentally affected the availability of these feed-in tariffs. Understandably these changes enforced by the new Government meant that Enexos had to completely re-examine their business model and their financial dealings. This led them to Smart Currency Exchange....

David Finlay, Managing Director of Enexos told us what it was that made him choose Smart: “First and foremost, the rate we obtained was as good as we could ever realistically hope to get. Of almost equal importance was the fact that the transaction was both fast and completely hassle-free. When you throw in the added bonus that phoning Smart Currency means you can immediately talk to a person who is both knowledgeable and polite ... what's not to like?”

David continued: “For us it's a no-brainer, Smart Currency has a first option on all our future FX business. SME's like ourselves would do well to give them a call the next time they are considering buying or selling foreign exchange”

David expressed concern that not all businesses were aware of currency exchange experts and often use their bank to transfer money, a process which incurs high fees: “If our experience is any guide, SME’s in this country doing FX just can't afford to go through their banks. Banks negotiating FX for small corporates seem intent on only one thing … to maximise their own profits, even if this involves ripping off their customers in the process, and the sad thing is that most people don't even realise”

“The guys at Smart Currency Exchange are serving a very necessary economic function and I wish them well”

The message is clear. Managing your foreign currency exposure effectively is a vital requirement of any business that deals internationally. For more information, get in touch with the team at Smart Currency Exchange on 0207 898 0503.

For more information on Smart Currency Business call: 0845 638 0571 (or +44 (0)207 898 0541 from outside the UK) or visit our website at: SmartCurrencyBusiness.com

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