Exclusive Escapes Limited (04771889): administration
- Status
- Administration ended
- Administration began
- 2015-09-22
- Administrators
- Duncan Kenric Swift, Stephen Anthony John Ramsbottom
- Administrators' firm
- Azets
- Incorporated
- 2003-05-20
- Location
- Bristol
- Industry
- 79120 Tour operator activities
Why it went into administration
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 20 May 2003 and provided high quality holidays to handpicked villas and hotels in Turkey . It traded from leasehold premises in Richmond, Surrey and employed nine staff, including two hands on Directors (Andrew Lee and Sarah van der Burg, (“the Directors")) There 1s one other Director who ts not involved in daily operations
Banking facilities were held with Barclays Bank Plc (“Barclays”) who provided an overdraft (limited to £300k), the balance of which at the date of our appointment was approximately £250k.
The Company held two credit cards with Barclaycard, a traditional credit card with a limit of £50k (which was tully utilised) and a charge card used to make large payments (particularly for flight commitments). The charge card was limited to £150k and again fully utiised.
Administrators' statement of proposals (2015-10-27) · Companies House register