The red door of “FEXCO Stockbroking Ltd” on 74 South Mall. Cork City, Ireland has been closed every time I have passed since 1st January 2009. I cannot comment on the significane of this, perhaps it is to reduce drafts, but it does call forth thoughts of FEXCO. Who or what is FEXCO?
FEXCO - which capitalises it’s name for stylistic reasons - is a “services company” headquartered in Kerry. It was established in in 1981 and has 930 employees in Ireland. In 2007 FEXCO recorded revenues of €205m and operating profits on ongoing activities of €19.6m.
It is a company that has been compared to Quinn - both being founded outside Dublin - but FEXCO seems to have a teflon coating. Even its imvolvement with Western Union (a brandname associated with many scams throughtno fault of its own) has not tarnished its image.
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