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ALICE OLIVER

A fast-growing currency exchange provider achieving over £368K profit in 2025 and 109% transaction growth. Seeking investment to scale operations and boost digital capacity.

Funded 10 months ago, in 29 days
121 investors
Successful
Key information WebsiteCompanies House
RAISED
£39k
TARGET
£100k
INVESTORS
121
Months
Funded 10 months ago
APR
12.0%
IFISA
Director Guaranteed
£
Minimum investment is £100
Estimated return
£
Total estimated return
£
Monthly repayments
£
Please note: The estimated return is not guaranteed and is subject to loan performance.
Our APR explained
✔ Proven Growth and Resilience (2020–2025). Since launching in 2020, we have grown from one branch in Newry to two, with turnover rising from £7.6M to over £10M and margins remaining strong. Between May and October 2025, transaction volumes doubled — purchases up 109%, sales up 56% — with profit per transaction also rising.
✔ Expansion and Service Diversification. Our Dungannon branch, opened in May 2025, immediately lifting turnover and engagement, proving strong regional demand. Alongside retail FX, AOFX now offers corporate FX, premium travel exchange, and digital currency pre-orders, broadening its client base. Planned investments in refurbishment, security, and digital tools aim to sustain 20–25% annual transaction growth through 2026.
✔ Strong Market Position and Investor Potential. Operating in a resilient, cash-backed FX sector, AOFX has grown profits from £92K in 2021 to £194K in 2025. Expansion aligns with rising tourism, business travel, and cross-border flows across Ireland. New funding will strengthen working capital and currency reserves, driving further growth and scale. AOFX offers investors a secure, data-backed opportunity in a fast-modernising market.
Our Story
When I founded AOFX in 2020, my goal was to create a foreign exchange service that people could trust — transparent, reliable, and customer-focused. Over five years, we’ve expanded to a second branch, grown our services to include corporate FX and digital currencies, and built a loyal, growing client base. We’re now seeking investment to strengthen working capital, enhance digital systems, and scale operations.
Credit Commentary
AOFX is a regulated bureau de change specialising in providing currency exchange services for travel needs since 2019. The company is based in Northern Ireland and also offers international money transfers, via services like Western Union and Money Gram. The company has an Equifax grade of B. The sole shareholder, Brian Heaphy, has provided a personal guarantee, ensuring that in the event the company is unable to meet its loan obligations, the guarantor will cover any shortfall. The shareholder has an excellent credit profile, although he is a non-homeowner. The financial statement reflects stable performance, with revenue showing a moderate variation of 8-10%. The company reported revenue of £10m for the year ending September 2023 and £9.2m for September 2024. Operating profit has remained steady at approximately £80k (£82k in YE Sep’23). The latest management accounts also indicate consistent trading profit figures. As of Sep’24, net assets stood at £115k. The company’s bank statements remain comfortably in credit, demonstrating a sufficient capacity to service its loan obligations. The company will be utilizing funds to enhance liquidity position through enhanced working capital reserves and fund expansion projects designed to support sustained growth, operational efficiency and customer service improvements throughout 2026. Between May and October 2025 , the business saw a rise in transactions, creating a strong need for additional short term liquidity to sustain operation and cash flow. The proceeds will be used to cater to the following: 1. Higher Transaction volume - requiring larger daily cash reserves 2. Expanded currency inventory - to meet growing multi-currency demand 3. Increase operational costs- from more staff and higher facility expense 4. Technology and compliance investments - to support AML/KYC and transaction systems 5. Product and Service expansion - Launch online pre-ordering and home delivery for currency exchange. And introduce corporate and premium FX services for business and high value clients Inflation Risk: Inflation has a dual impact, increasing costs while driving changes in customer demand for foreign currencies. It can raise transaction volumes but also suppress discretionary spending. The business carefully balances these effects through prudent margin and cost management.

Business brand

Newry, UK
Incorporated
7 years, 5 months
Credit risk indicator
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Where will the funds go?

Expansion
£100,000

Key people

Brian Anthony Heaphy
Director and founder

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Top Pledges
Date
Amount
Dec 11, 12:46:29
£4,100
Dec 06, 17:47:35
£2,000
Nov 17, 12:47:29
£2,000
Funded 10 months ago, in 29 days
121 investors
Successful

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.