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Crown Curreny: In Administration!

Discussion in 'Tickets, Offers and Discounts' started by MarkE, Oct 5, 2010.

  1. MarkE
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    MarkE Imagineer

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    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

    Updated: 4 October 2010

    ADMINISTRATION

    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.

    CURRENT STATUS
    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.
     
  2. simonwebb74
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    simonwebb74 Earning my ears

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    That is bad news. Thats where I got all my travel money from last year!

    Is anyone on here affected??
     
  3. Sam
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    Sam Imagineer

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    Yep me. :cry1:

    Should have had the money come yesterday for our trip this Sunday. :rolleyes2:

    :thumbsdown: We ordered just over £3000 which of course has now gone. I'm not really holding out any hope in gettting it back, but we'll fill in the forms and hope for the best.

    As you can imagine, I'm a bit devasted as we saved hard for this trip and didn't want to go into debt. Now we're have to put everything on a credit card and try to get it paid off as quick as we can. Looks like christmas is going to be a bit tight this year. :frown:

    :shrug: Hey ho can't do anything about it now. Fortunately I have a fantastic husband who has done a great job in putting it all in perspective. It could be worse one of our children could be seriously ill. At the end some of you guys have had to go through worse things.

    We're not going to let it affect our holiday.:wink:
     
  4. Slowhand
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    Slowhand Cruise Director Forum Host

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    You sure have a great attitude to this terrible news Sam.
    I would be hopping mad if it happened to me and I hope that you are still able to have a great holiday nevertheless.
     
  5. arkvilla
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    arkvilla Addicted to Mickey

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  6. Disneybumble
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    Disneybumble The Secret is in the Sauce.

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    I am so sorry Sam:hug2: As Slowhand said, I would be boiling. So well done to your hubby for putting a spin on it.

    We used them last year no problem at all. It will be trusty M@S for me again.
     
  7. arkvilla
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    arkvilla Addicted to Mickey

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  8. Lisa1976
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    Lisa1976 Addicted to Mickey

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    Am so glad I have my Sun Trust bank account. I don't normally take alot of dollars in cash with me, probably a couple of hundred, the rest is sitting in my account waiting to be used when we get there.

    I really do feel for the poor people caught up in this.
     
  9. Isafari
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    Isafari Wild Animal Expert

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  10. daveann
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    daveann Addicted to Mickey

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    this is so sad for everyone concerned :(
     
  11. Deb
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    Deb Serious Forum Regular

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    Oh Sam :hug2::hug2:
     
  12. ukwdwnut
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    ukwdwnut Director of Recruitment Forum Host

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    thats the lowest rate siobhan, id look elsewhere at the moment tescos is a lot better for online purchaes

    so sorry to hear you may lose 3k sam....isnt there anything your CC co can do if you purchased your $$$$ with one?
     
  13. Claire
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    Claire She lost the crayons!

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    I think Crown Currency only take bankers draft Nut.
     
  14. ukwdwnut
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    ukwdwnut Director of Recruitment Forum Host

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    paid mine with my CC for last trip never ever done a bankers draft claire :)
     
  15. Claire
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    Claire She lost the crayons!

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    Maybe things have changed Nut. I know the long thread on another forums where many people are posting how much they've lost said the only way Crown would accept money was through bankers draft, leaving them totally unprotected. Crowns reasons for only accepting bankers drafts was to reduce fees allowing them to offer the best rates to their customers.
     
  16. Claire
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    Claire She lost the crayons!

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    Oops!

    Correction - I meant bank transfer not bankers draft.
     
  17. arkvilla
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    arkvilla Addicted to Mickey

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  18. ukwdwnut
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    ukwdwnut Director of Recruitment Forum Host

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    still doesnt matter i still paid by card :lol:
     
  19. Claire
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    Claire She lost the crayons!

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    It mattered that I corrected myself as opposed to anything else I guess.
     
  20. Tink
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    Tink Cead Mille Failte! Staff Member Administrator

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    Sam, your outlook on this very unpleasant circumstance is an inspiration! I don't know if I'd be able to look at the situation so brightly and not allow it to negatively affect my holiday! It's wonderful that you are not going to cancel, or to let this interfere. I so hope you are able to get your money back, even if you have to wait!

    Yep, Claire. Correcting ourselves is what matters! Thank you for doing so. :yes: :hug2:
     

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