Administrator’s report 15 Nov 2010 – Crown Currency Exchange Limited and Crown Holdings (London) Limited: In administration
Creditors of Crown Currency Exchange have formed an action group to pursue their claims following the collapse of the company and the apparent loss of their money.
The Group has instructed Edwin Coe LLP to ascertain exactly what has happened to their money and to investigate the matter and ways in which creditors might be able to recover funds from the company, its directors or third parties. In particular creditors are seeking information about the role of the directors and at what time in the company’s trading it became insolvent.
Crown Currency Exchange specialised in providing foreign currency ordered over the internet. The contracts frequently involved customers paying cash for foreign currency for delivery at a later date. The collapse of the business has left thousands of the company’s customers out of pocket.
Investigations are at an early stage and creditors will appreciate that the information posted on this website can only give a brief outline of developments.
If you have been affected by the collapse of Crown Currency Exchange Limited and wish to express an interest in joining the Crown Currency Exchange action group (CCAG) please contact Edwin Coe.
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