TFP Realisations PLC (08566601): administration
- Status
- Administration ended
- Administration began
- 2020-08-06
- Administrators
- David James Kelly, Mark James Tobias Banfield, Edward John Macnamara
- Administrators' firm
- PwC
- Formerly
- Travelex Financing PLC
- Incorporated
- 2013-06-12
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Cash flow / liquidity pressure
- Sustained trading losses
- Cyber attack / IT failure
- Property / lease costs
From the administrators' statement
We've enclosed at Appendix C the information required to be provided to you by SIP16. Some of that information is
. repeated below where beneficial or necessary to do so for the purposes of these proposals. . Please note that the Group and its restructuring transaction are large and complex and therefore we have focussed our report on the | matters likely to be of most significance, relevance and interest for creditors.
Background to the. Travelex Group
Administrators' statement of proposals (2020-09-11) · Companies House register