Crown Currency Exchange enters administration

Crown Currency Exchange enters administration

Thousands of holidaymakers have lost money following the collapse of Crown Currency Exchange. The UK firm went into administration at the weekend after its bank accounts were frozen, according to a report on the Guardian. Crown offered a forward-ordering service paid for by cash, bank transfer or cheque, meaning that customers face a long wait to see their money returned. “We cannot guarantee an early resolution for those looking for a quick return of their money,” said the company’s administrators, MCR. “We believe that over 13,000 consumers have been directly affected, and we will be in contact with them shortly to advise them on their individual status.”

Gary Marshall
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Gary Marshall
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