azure malta liquidation azure malta liquidation

In # May 2020, members of the above Clubs received notification that Azure Resorts Limited, Azure Services Limited and Azure XP Limited had gone into Liquidation. Check if they have a website, and more importantly check when the domain was registered, below we list the sites which may assist: UK Company check:https://find-and-update.company-information.service.gov.uk/search/companies?q, Spanish Company check:http://www.infocif.es/, Domain check:https://whois.domaintools.com/. Copyright MediaToday Co. 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Liquidation is a formal insolvency process governed by the Act the purpose of which is to protect an insolvent company's creditors. Under the Act, a company may be dissolved either on a . But the Upper Tribunal of the Tax and Chancery Chamber heard that customers complained that the terms of the loans were not explained to them, that proper credit checks were not carried out and that they were pressured into signing deals. The telephone number:01935 548 026, the STD code is for Yeovil in Somerset; although we very much doubt that any such company exists in Yeovil. The Azure Window during happier times. Barclays, who decided to repay the interest rather than face a tribunal, will now refund about 30 million to the customers and classify the remaining funds as a bad debt. Last December, it announced it would no longer sell timeshare and holiday clubs but focus on its existing members. On the contact page there is the usual form to fill in and submit. Kindly check your inbox after sign-up to confirm subscription. Somerset, AZURE AVIATION LIMITED (United Kingdom, 10 Mar 2022 - ) AZURE AVIATION PRIVATE LIMITED (India, 27 Sep 2019 - ) Azure Dragon Aviation Limited (Hong Kong, 9 Jul 2019 - ) Azure Aviation Ltd. (Bahamas) Sino Azure Aviation Consulting Company Limited (Hong Kong, 20 Jan 2014 - ) AZURE DRAGON AVIATION PTE. LTD. (Singapore, 8 Feb 2019 - ) For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk, Timeshare Consumer Association is a company limited by guarantee registered in England under number 12662338. Free shipping for many products! Anglian Water Services. At this stage, it is not clear how this may affect a number of issues, from continuing timeshare ownership, to the ongoing matters concerning legal challenges made regarding loans made for the . The resorts owned by Azure - which boasted large lagoon swimming pools and luxury spas - were marketed as being backed by Mr Giggs and Mr Neville, who was made Malta's tourism ambassador in the. This Declaration of Solvency is a very important statement in which the majority of the Directors declare that they have made a full . A public notice revealed that Azures creditors have been invited to a meeting on 11th May which will detail the winding down of the company. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The tourism and timeshare company centred on the Radisson Blu Golden Sands filed for liquidation in May 2020. There are no loans outstanding and even if there was it would be highly unlikely that First National Trustee Company (FNTC) would once again put the club in jeopardy. Elon Musks Twitter is dying a slow and tedious death. So effectively, its business as usual, but not according to Themis Resolution. The Azure Group carried out the sales function of the timeshare operation at the Golden Sands Resort for the past 17 years. We will provide members with updates on our progress through the dedicated website https://cvr.global/azure/. From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. Latest TimeshareTaskForce Customer Testimonial, Request for Erasure/Remove Consent/Subject Access Request/Update Data. The UKs financial conduct watchdog is investigating 54 million in loans made to Golden Sands timeshare buyers. RDO acknowledges that this is a very uncertain time for owners at either of the Clubs managed by the companies in liquidation, but would strongly advise owners to be very cautious regarding any approaches made regarding compensation claims, as we have seen many examples of attempts to defraud consumers in similar circumstances. 10am 4pm Mon-Fri (GMT) Meanwhile, creditors of Azure Services Ltd were notified about the agenda of next weeks meeting in a letter signed by directors Joseph Fenech and Alexander William Lawson. A vote on the potential nominee for the office of the liquidator will also be taken. Radisson Blu Golden Sands. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. or We would also urge Azure timeshare owners to be very cautious regarding any approaches made regarding compensation claims. Response to our request for clarification below: At the current stage, the members do not have to contact the liquidators or complete the claim form. Dwejra and The Azure Window, Gozo's pride Concentration of natural monuments. That is to say, it was all planned to save as much cash as possible for the " Trotta " heirs. August 11, 2022 09:19 Tista' taqra dan l-artiklu bil-Malti hawn The government has established advanced plans to dissolve Air Malta later this year and transfer its few remaining profitable assets to a new airline, similar to what has already been done in Italy with Alitalia. He said: I cant believe I fell for it. The company hit the news after it faced allegations of misselling timeshares to hundreds of British holidaymakers in 2019. Alex Lawson from Alvarez and Marsal (Cayman Islands) has appointed himself as an administrator/director to oversee the . Build in the cloud with an Azure free account Create, deploy, and manage applications across multiple clouds, on-premises, and at the edge Start free Pay as you go Popular services free for 12 months View all services + 55+ other services free always View all services + Start with USD200* Azure credit We are not sure how this scam will pan out but there will certainly be a request for a financial payment to progress whatever they are promising. If you are an Azure Ultra Club Member and have not received this advice, or have concerns about the content of the advice, please contact us and we will provide free assistance. Inside Timeshare published the 6 part series on the liquidations of Limora Investments Ltd and other companies in the group and the reasons behind them, see the link to all the articles below. It pointed out that operations were being scaled down since December as its allocation of timeshare at the Golden Sands Resort had been largely sold out. KwikChex will be pleased to respond to any owners making checks in this regard. Azure Golden Sands is a 5-star Mediterranean resort in Malta. I cant see this company registered at companies house and their website looks amateurish. analyse how our Sites are used. The liquidator will also be tasked in paying any wages due to employees. Adding further to the above article, the Corinthia group published an announcement on their website on 5th May 2020 giving their insight and comments regarding the Azure situation. Around 80 people lost their jobs right before Christmas. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. The Financial Times said that the customers were charged in excess of 9%. The other half is owned by a group of international investors specialising in timeshare resort operations. Malta's famous Azure Window rock arch has collapsed into the sea after heavy storms. Click here to view the PDF notification that has been issued concerning this. Azure Services Ltd did not. Maltese Colleges Collaborate In Space Mission, Not Just For Thrift Lovers: Flea Market At Manikata's The Farmoury Happening This Weekend, Roberta Metsola Returns To Ukraine To Be With 'Brave People Who Inspired The World', Denied Maltese Citizenship By Naturalisation With No Reason Given, Polish Couple Wants Some Kind Of Explanation. A Financial Times report has revealed that Barclays has been ordered to repay the interests charges on loans issued between April 2014 and April 2016 by Azure Services, which filed for liquidation in May 2020. Several owner / members at Azure Malta the timeshare clubs Island Residence Club, The Heavenly Collection and Azure Ultra, have been asking KwikChex for further clarification as the information first released regarding insolvency processes was difficult to understand. British multinational banking giant Barclays will pay almost 181 million (215 million) in compensation to around 6,000 customers who were improperly sold timeshares in Malta via the now-defunct Azure Services, according to The Telegraph. Hours. Nevertheless, the position that we are adopting on behalf of our clients is that our clients are . Kind regards, Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. 386] regulates the liquidation of a company registered in Malta. This category only includes cookies that ensures basic functionalities and security features of the website. Keeping this cookie enabled helps us to improve our website. VCMS Malta is dedicated solely and exclusively to vacation club management services. We use cookies on this site to enhance your user experience. A study in 2013 said that while erosion was . In fact, the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Meanwhile, any action taken with respect to the curtailment of employees will be made in line with all local regulations. Insiide Timeshare has received news that Azure Services Ltd, the sales and marketing arm for Radisson Blu and Golden Sands resorts in Malta have filed for liquidation. Website Terms & Conditions Beware of Scammers, Pro Timeshare Resales exposed by Action 9. The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. Call us on 01872 308699 for more information. In November 2020 the bank was told by the Financial Conduct Authority to repay interest charged on loans issued between April 2014 and April 2016 by the timeshare operator Azure Services (now in liquidation). This. https://find-and-update.company-information.service.gov.uk/search/companies?q, Azure and Barclays Partners Finance case reported in the Financial Times, Scammers Forced to Pay 15,000 in Court Costs, Double and Triple Check! We also use third-party cookies that help us analyze and understand how you use this website. Company No. Here Are The 20 Categories For Lovin Malta's Social Media Awards, Watch: 19-Year-Old Throws Trashcans, Own Boots At Parked Police Cars Outside St Julian's Station, People In Malta Are Split On Whether They Know The Warning Signs Of Suicide Or Not, From Malta To The Moon? Click here to browse all stories. As mentioned in the FAQs, we are working diligently to transfer the role of club manager so that the club can continue and members remain able to utilise their timeshare holiday entitlement. Here Are The 20 Categories For Lovin Malta's Social Media Awards, Watch: 19-Year-Old Throws Trashcans, Own Boots At Parked Police Cars Outside St Julian's Station, People In Malta Are Split On Whether They Know The Warning Signs Of Suicide Or Not, From Malta To The Moon? The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of . It collapsed on Wednesday morning after being battered by a storm. Timeshare Termination Team is a trading style of Exit My Timeshare Group. Alternatively,download the update directly (PDF download). By Cameron Macphail 8 March 2017 4:15pm. We use our own and third-party cookies for analytical purposes and to show you personalized advertising based on a profile prepared from your browsing habits (for example, pages visited). We can honestly say without fear of contradiction that this is another scam in the making. As we have published over the past weeks, Azure Services Ltd and Azure Resorts Limited are in the process of liquidation as are many of the other companies within the Limora Group such as Silverpoint. For these to work the social media will set cookies through our site which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies. The window is a towering rock formation reaching 328 feet (100 meters) high with a . Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Telephoning from outside the UK: 00 44 1823 510625. Barclays told the tribunal that in 2017 it received only 63 mis-selling complaints of timeshare loans, two of which it upheld. Malta 'It's heartbreaking': Maltese mourn collapse of Azure Window arch Limestone arch, landmark which featured in Clash of the Titans and Game of Thrones, crashes into sea after heavy storm. Sources have claimed that the company also applied for and received the COVID-19 supplement for the April salary. Inside Timeshare has received many enquiries as to what is going to happen to members of the "club"? 12-14 The Crescent, The Azure Group initially introduced the Island Residence Club in 2003 and after establishing the Club as one of Europe's most exclusive Vacation Owne See more 34,952 people like this 34,480 people follow this http://www.azuregoldensands.com/ +356 2356 1000 info@azure.com.mt The enshittification of apps is real. 07376192, Data Protection Policy We use cookies to ensure that we give you the best experience on our website. The liquidator has a fiduciary duty to act in the best interests of creditors and has a duty to investigate the causes of the liquidation.The liquidator is tasked with gathering in the assets of an insolvent company, realising them and making distributions, net of costs, to creditors.My timeshare is in Malta, why is this liquidation in the British Virgin Islands?Whilst your timeshare entitlement is at the Golden Sands Resort in Malta, the Company is domiciled in the British Virgin Islands and the liquidation must therefore be conducted under the laws of the British Virgin Islands, including the Act.If I purchased my week using a loan, do I still need to pay this loan?The JLs advise that, whilst the clubs remain active and can service its members, your obligations will remain consistent with what they were prior to the liquidation. journalists in 50+ countries covering politics, business, innovation, trends and more. Timeshare Watchdog were informed that Azure Services Ltd. of Malta entered into liquidation proceedings. Azure Services Ltd Malta Liquidation. Prime Minister Joseph Muscat said the news was "heartbreaking". Darrin Zammit Lupi/Reuters By Tamara Best. VCSL in turn has established a company in Malta called VCMS Co Limited, which will employ local staff to service the clubs members. More alarm bells ring when it is noticed that no contact address is quoted anywhere on the website, in fact the contact us page does not appear to have been completed by their web designer as the address is left blank, see screen shot below: Oh dear, things are going from bad to worse and thus far there is a trust factor of0. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. The target date for the completion of Air Malta's restructuring plan has been extended to the end of the month as the "sensitivity" of the task made it more difficult to meet the early January deadline, Timesofmalta.com reported. Matthew Vella is executive editor at MaltaToday. You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). Taunton, The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. So far we have a nonexistent company that was formed less than two months ago, this is not looking good. We will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. Exchange House, With regard to matters related specifically to Azure Services Ltd. such as the review ordered of loans for timeshares that took place between 1 April 2014 and 24 April 2016, this matter remains ongoing. Independent journalism costs money. IHI owns 50% of the Golden Sands Resort and the Azure Group. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Click here to view a copy of the PDF of decision made in August 2018 by Judge Timothy Herrington. Back in December last year Inside Timeshare reported that Azure Services Ltd had ended the sales of timeshare, this resulted in the loss of around 80 jobs. These cookies will be stored in your browser only with your consent. This website uses cookies to improve your experience. 2,275 sales | 4.5 out of 5 stars. Products Databases. In the case of a Members' Voluntary Winding Up, a Declaration of Solvency (Form B2), which must be signed by the majority of the Directors, must be filed at the Malta Business Registry. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. On 7th May 2020 it was announced that Azure Resorts Limited had entered liquidation. After sitting through a five-hour sales pitch that featured photographs of Neville andGiggs, he agreed to pay 13,300 for a one-week timeshare with a 25-year contract. Photo: GettySub. I am responsible for the creation, maintenance, and distribution of all Executive Level monthly Management Accounts. Azure has categorically denedhaving conducted inappropriate selling. This boot hits your feet like those well worn boots you default to. Google Chrome Neville, 43, resigned as a director of Island Hotels in September 2015 when the company was merged with IHI plc. The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of which Manchester United footballers Gary Neville becameanon-executivedirectorsin2009 after a 1.1 million investment. You have been warned. This is one of the points on the agenda for the meeting via telephone conference call on 11 May 2020 which creditors will be voting on. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May.