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
- COVID-19
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