Foreign exchange firm collapse - many left in tears

Lazy days


Joined: 24/07/2008
Posts: 847

Message Posted:
06/10/2010 07:51

More than 13,000 customers have been hit by the collapse of one of the UK's largest foreign exchange firms.



Holidaymakers and business travellers were among those left without any travel money after Crown Currency Exchange (CCE) called in administrators MCR.



MCR stressed it cannot guarantee an early resolution and said those looking for a "quick return of their money" may be left disappointed.



CCE, based in Hayle, Cornwall, allows customers to pre-order foreign currency of between £300 to £10,000 up to a year in advance.



MCR said customers would not receive orders for travel cash due for delivery from Monday onwards - or any previous orders that have not yet been delivered - at this stage.



It said it would be in contact with those affected soon, but advised worried customers to contact MCR directly on 020 7487 7240.