View Full Version : Crown Currency: In Administration :(

05-10-2010, 07:57 AM
Keith et al,

Sorry for doubling this up, but a lot of people don't check the money saving section daily, so I thought I'd put it somewhere most likely to be seen as well...

Some very bad news here people, thousands of Holiday makers will be set to lose their travel cash as CCE go into administration.

Taken directly from their website, ADMINISTRATION (http://www.crowncurrencyexchange.com/)

Updated: 4 October 2010


Paul Clark and Matt Bond, of MCR, together with Harold Sorksy and Stella Davis of SPW (UK) LLP were appointed Joint Administrators ("Administrators") of the Companies on 4 October 2010. Paul Clark and Matt Bond are licensed by the Insolvency Practitioners' Association, and Harold Sorsky and Stella Davis are licensed by the ACCA.

The affairs, business and property of the Companies are being managed by the Administrators, who act as agents of the Companies and without personal liability. The role of the Administrators is to deal with the business and assets of the insolvent estates.

The Companies operations are suspended whilst the Administrators assess the position.

The website will be updated on a regular basis.

In addition, the call centres will be reopened shortly and the operators will deal with your queries as far as possible. Please be advised that the message that the call centre operators provide to customers will be in accordance with the Joint Administrators.

Should you have any queries, please email crowncurrencyexchange@mcr.uk.com and the Administrators endeavour to respond to your query as soon as practicable. Please note that the Administrators understand that there are in excess of 13,000 customers and an immediate response will not be possible.

For and on behalf of
Crown Currency Exchange Limited
Crown Holdings (London) Limited

The Joint Administrators

You may get a swifter reply by calling MCR on 0207 487 7240.