"Today Inside Timeshare has been notified that Azure Services Limited, the sales and marketing company behind the sales of timeshare and vacation club memberships at the Radisson Blu Resort and Spa, Golden Sands in Malta has now filed for liquidation. 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. This is not the first time that Azure has hit the headlines for all the wrong reasons: https://www.investegate.co.uk/m1-legal/rns/timeshare-mis-sellingthe-next-financial-scandal-/201901171348054103N/, https://www.thetimes.co.uk/article/gary-neville-s-link-to-alleged-mis-selling-of-malta-timeshares-pfxq0tznv. You can revoke your consent any time on our Privacy Policy page. Malta, but not capital gains arising outside Malta, received in Malta. Excluding bank holidays, Visit KwikChex Website We support credit card, debit card and PayPal payments. It should be noted that the Radisson Blu Golden Sands Resort and Spa is not in liquidation and continues to operate normally, within the current restrictions of the travel environment. Click here to view a copy of the PDF of decision made in August 2018 by Judge Timothy Herrington. Azure Malta | 2,050 followers on LinkedIn. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. Do your own due diligence, check the registration of the company, if there is no registration then it is not a legitimate company. Independent journalism costs money. It said it was facing a number of litigation claims from clients who allege misrepresentation. Hours. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. and other data for a number of reasons, such as keeping FT Sites reliable and secure, . The company ran into financial trouble towards the end of 2019. He said he was assured he would be able to sell the one-bedroom apartment in 2015 when it would be worth 24,000 but has been unable to find a buyer. cvr.global. 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. There Are Now Zero COVID-19 Patients In Maltas ITU, Get Nominating Now! 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). KwikChex has been in contact with the liquidators, who continue to reassure that the benefits of timeshare ownership will remain. cookies 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/. Kind Regards 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. Azure said it was offering its full support to Barclays in its application for a validation order. Support rapid growth and innovate faster with secure, enterprise-grade, and fully managed database services . Azure Resorts Limited, which manages Golden Sands Island Residence Club based in Malta, (Island Residence Club, The Heavenly Collection (including Sands Towers), and Azure XP Limited, which manages Azure XP Membership Club, have both entered into liquidation on 27th April 2020. 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. KwikChexis a Registered Trademark, KwikChex Ltd, RDO members can log in to rdo.org, and when they do we use cookies to track that they have logged in. Naturally we at TCA will be following developments closely and will report our findings as and when developments take place. Azure Resorts Limited, which manages Golden Sands Island Residence Club based in Malta, (Island Residence Club, The Heavenly Collection (including Sands Towers)), and Azure XP Limited, which manages Azure XP Membership Club, have both entered into liquidation on 27th April 2020. We are using cookies to give you the best experience on our website. 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. Free shipping for many products! He said they are having hundreds of calls about it. personalising content and ads, providing social media features and to Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. Timeshare Termination Team is a trading style of Exit My Timeshare Group. We use cookies on this site to enhance your user experience. A study in 2013 said that while erosion was . He said: I cant believe I fell for it. Then in February of this year, we reported on the new product being launched, Azure X and Azure XP which replaced the discredited investment weeks previously sold. This is borne out by the fact that there is no reference to either the status of Ltd or SL on the website and furthermore there is no company registration number either. VCMS Malta is dedicated solely and exclusively to vacation club management services. Request for Erasure/Remove Consent/Subject Access Request/Update Data Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. The Azure Window during happier times. Around 80 people lost their jobs right before Christmas. A timeshare company at the Radisson Blu Golden Sands Resort and Spa has been placed in voluntary liquidation but the shareholders are pledging to honour all commitments with the thousands of its members. From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. This category only includes cookies that ensures basic functionalities and security features of the website. By Cameron Macphail 8 March 2017 4:15pm. If you have any questions on this letter please contact the liquidators at the address provided in the letter. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. The Financial Times said that the customers were charged in excess of 9%. Alex Lawson from Alvarez and Marsal (Cayman Islands) has appointed himself as an administrator/director to oversee the . We recently published a revised version of our. Once again it is Alex Lawson of Alvarez and Marsal of the Cayman Islands who has been appointed administrator, as we know he and his company are behind the mass liquidations of all of the companies owned by the late Robert Bob Trotta. 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. timeshares to hundreds of British holidaymakers in 2019. Beware of Scammers, Pro Timeshare Resales exposed by Action 9. Welcome to the start of another week with Inside Timeshare, today we publish the following press release from the Azure Malta Action and Support Group and their ongoing battle with Barclays Partner Finance. Huntingdon, England, United Kingdom. The Joint Liquidators are currently in discussions with third parties to appoint a new manager to the Clubs, and once this is completed owners will be able to use their timeshare entitlement in accordance with the relevant Club constitutions, rules and regulations. Barclays had a contract with Azure Resorts Limited, which was authorised by the UK Financial Conduct Authority for credit brokering. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for $1 for 4 weeks, You will be billed $69 per month after the trial ends, Russian far-right fighter claims border stunt exposes Putins weakness, Germany seeks to buy Leopard tanks from Switzerland, Germany and Italy stall EU ban on combustion engines, Ukraine asks EU for 250,000 artillery shells a month, Russia on alert after reconnaissance group crosses over from Ukraine, Panic station at Fox News: how the Murdochs agonised over Trumps loss, UK cabbage king turns to plant-based proteins, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, UK housing market braced for make-or-break spring, Airlines plan to sue Dutch government over Schiphol airport flight cap, There are no domestic equity investors: why companies are fleeing Londons stock market, Deluge of inflation data pushes US borrowing costs to 2007 levels, Live news updates from March 3: Amazon pauses HQ2 construction, UK regulators launch LME probe, FCA regulator blamed for Arms decision to shun London listing, Clutching Warrens letter, Im still positive on stocks, Joe Biden teaches the EU a lesson or two on big state dirigisme. Premium access for businesses and educational institutions. May 5, 2020 at 2:46 pm Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands, has filed for liquidation amid the COVID-19 pandemic, leaving roughly 30 jobs at risk. The decision resulted in the loss of around 80 jobs. Cookies are small files that are sent back and forth with web pages, which can be used to identify that you have previously visited a site or to store small bits of information locally with you. When we do this, YouTube may store cookies in order to track how people are watching videos on their site. We use cookies to track the number of opens and clicks on both newsletters RDO Weekly News and RDO Insider. The PN says the PM should make the future of Air Malta clear. Taunton, All Rights Reserved. Find many great new & used options and get the best deals for 1887 US Indian Head Penny Coin - Estate Find Blue Book Collection Liquidation at the best online prices at eBay! Malta (356) 2247 6100 info@premium.com.mt. Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. We will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. or Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands, has filed for liquidation amid the COVID-19 pandemic, leaving roughly 30 jobs at risk. It collapsed into the sea on March 8th. Click here to view the PDF notification that has been issued concerning this. LTD. (Singapore, 8 Feb 2019 - ) journalists in 50+ countries covering politics, business, innovation, trends and more. 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 . We would also urge Azure timeshare owners to be very cautious regarding any approaches made regarding compensation claims.
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