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Thomas Exchange Global Limited (02866549): administration

Status
Administration ended
Administration began
2020-07-27
Administrators' firm
FRP Advisory
Incorporated
1993-10-27
Location
Manchester
Industry
79110 Travel agency activities

Why it went into administration

From the administrators' statement

The Company was incorporated in 1985 and has since traded as a Bureau de Change service, trading from 18 (leased) London centric high street locations employing 71 staff. .

The Company provided a walk up / Home Delivery foreign currency service, including Click ‘n Collect (online pre-order).

The Company was acquired by No 1 Currency Limited (No 1 Currency) in 2018 and was reliant on No 1 for its central services. Creditors will note from the introduction of this report that No 1 Currency was also placed into Administration on 27 July 2020.

Administrators' statement of proposals (2020-08-19) · Companies House register

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Thomas Exchange Global Limited (02866549)

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