# Thomas Exchange Global Limited (02866549)

> Why UK company 02866549 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02866549

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02866549/filing-history/MzI3NTUzNjUyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02866549

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.