Support rapid growth and innovate faster with secure, enterprise-grade, and fully managed database services . 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. Please find attached a letter we have been asked to forward to you by the joint liquidators. Dwejra and The Azure Window, Gozo's pride Concentration of natural monuments. This. But opting out of some of these cookies may have an effect on your browsing experience. I knew I would have to attend a salesmeetingbut I had absolutely no plans to buy a timeshare.. Support Times of Malta for the price of a coffee. Please enable Strictly Necessary Cookies first so that we can save your preferences! But opting out of some of these cookies may have an effect on your browsing experience. Sometimes we include content from other sites on our site, for example, YouTube videos. Anglian Water Services. Last December, it announced it would no longer sell timeshare and holiday clubs but focus on its existing members. Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. 2020 KwikChex Ltd. Elon Musks Twitter is dying a slow and tedious death. You can revoke your consent any time using the Revoke consent button. The PN says the PM should make the future of Air Malta clear. 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. A liquidator is an officer of the court, his appointment is ratified by creditors. You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). The Companies Act [CAP. 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. Customise . The club constitutions do not require the club manager to perform this role and you should therefore discuss this matter with the new club manager if appointed.If my week was available for rental, what happens now?The rental program was operated by the Company in its role as club manager to assist members in renting entitlements they did not wish to utilise in any given year. We will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. He said they are having hundreds of calls about it. The Azure Group carried out the sales function of the timeshare operation at the Golden Sands Resort for the past 17 years. This Declaration of Solvency is a very important statement in which the majority of the Directors declare that they have made a full . We queried this with the liquidators, who have replied advising that they have now updated these members. On 28 April 2020, Mr Wesley Edwards of CVR Global (B.V.I.) Facebook; Compare Standard and Premium Digital here. . Reference to the restructuring process was made in a company announcement issued on May 5 by International Hotel Investments, which incorporates the Corinthia Group. Who to fire? Huntingdon, England, United Kingdom. Azure, Golden Sands time share company 2 years ago Save For people with time share weeks at Golden Sands hotel, be aware Azure, the operator, has gone into liquidation. The club constitutions do not require the club manager to provide this service and you should therefore discuss this matter with the new club manager if appointed.IF YOU PURCHASED A TIMESHARE AT GOLDEN SANDS AND PAID FOR IT USING FINANCE OR A CREDIT CARD THEN YOU MAY QUALIFY FOR A CLAIM.THE MOST COMMON LENDERS AT AZURE WHERE BARCLAYS PARTNER FINANCE , HONEYCOMB FINANCE AND VACATION FINANCE LIMITED.MOST GOLDEN SANDS OWNERS ARE VICTIMS OF THE INVESTMENT AND RESALE DEAL . By browsing this site you are giving your consent for us to set cookies. The company ran into financial trouble towards the end of 2019. Necessary cookies are absolutely essential for the website to function properly. The question that Inside Timeshare asks now is who are the creditors? Are they all those consumers who purchased the investment weeks and never received the rentals or the sales they were promised, or is it just another way of avoiding the possibility of legal action in the Maltese courts against Azure, just like Silverpoint in Tenerife?. The official Island Hotels document explaining the footballers investments said: The high profile of each of the investors in the sporting field is calculated to enhance the groups overall public relations and image and profile., One of the timeshare buyers,CharlesRebbeck, 41, from East Sussex, told the Times of London that he received a cold call in the UK offering him a weeks holiday at the Golden Sands resort with his family for 150. Information coming direct to KwikChex and in the media in Malta appears to confirm that timeshare ownership at the Golden Sand Resort in Malta will not be affected by the insolvency proceedings taking place concerning Azure Services Malta, which operated as the sales & marketing company for timeshares at the resort. VCMS Malta is dedicated solely and exclusively to vacation club management services. A dedicated webpage has been set-up to keep owners and creditors informed https://cvr.global/azure/. Cart; chantelle jamieson married 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. Hours. Timeshare Consumer Association Limited is registered as a data controller with the information commissioners office (ico) under registration number: ZA765267. 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 . Corinthia Group expressed its intention to conduct the liquidation process in an orderly manner and that timeshare owners would continue to enjoy the same service and benefits as they had in past years. It is understood Barclays had a contract with Azure Resorts Limited, which was authorised by the FCA for credit broking, but later discovered the staff were employed by the unlicensed Azure Services Limited. KwikChex will be pleased to help evaluate any such approaches. It is mandatory to procure user consent prior to running these cookies on your website. Most of its clients, who hailed from Malta, the UK and Sweden, had entered into contracts of up to 25 years, under which they had the right to holiday at the hotel for one or two weeks at a specific time of the year. 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! The spectacular Azure Window rock arch on Malta's island of Gozo collapsed into the sea in 2017. Azure hoped the company would move. The incident was a result of years of erosion, according to experts. Necessary cookies are absolutely essential for the website to function properly. ForAzuretimeshare owners, the principal interest is in the continuing right to use their weeks at the resort and KwikChex is advised that there is no change to previous statements in this regard i.e., that the rights will continue as soon as the travelrestrictions related to Covid-19 are lifted. 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. Do your own due diligence, check the registration of the company, if there is no registration then it is not a legitimate company. The remaining 50% is owned by international investors specializing in timeshare resort operations. 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. Photo: GettySub. Modern Slavery Statement, Registered with Data Protection Act, Registration Number: Z2749323. Both Azure Resorts Ltd and Azure Services Ltd began liquidation proceedings in April 2020. Customers had complained that the terms of the loans were not explained to them, and that proper credit checks were not carried out and that they were pressured into signing deals. I also produce all senior ad-hoc reports. Radisson Blu Golden Sands. who were victoria winters parents. The Azure Window, a limestone arch in Malta, was popular with locals and tourists. These were formalities as such to enable the continuation of the liquidation process. In December, a large chunk of the workforce was told that they would be made redundant to make way for an elite team as part of a new strategy. Well this is a bit difficult to deduce. Caroline Hodgson/AP An iconic Maltese natural rock arch collapsed into the sea Wednesday. RDO members can log in to rdo.org, and when they do we use cookies to track that they have logged in. All Rights Reserved. timeshares to hundreds of British holidaymakers in 2019. In fact, the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. Azure Malta Aug 2018 - Jun 20201 year 11 months Malta Azure tailors luxury club memberships to today's demanding market providing membership and experiences for Resorts, an Exotic Car Club,. Most readers know that Azure Malta went into liquidation earlier this year, however with the efforts of the joint liquidators a new management company was formed, being Vacation Club Services Limited (VCSL), to act as the new club manager. Privacy Policy When I gothomeI thought, what the hell am I doing?Rebbeckwas left to care for his two children after his wife died in 2016. Cookie Policy How you purchase the Azure plan is similar to purchasing any other subscription. 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 27 th April 2020. The company ran into financial trouble towards the end of 2019. Thank you for your enquiry. Kind Regards We also use third-party cookies that help us analyze and understand how you use this website. KwikChex has been in contact with the liquidators, who continue to reassure that the benefits of timeshare ownership will remain. Azure, liquidation Company Updates, News 0 Updates 07/05/20, 08/05/20, 13/05/20, 19/05/20, 20/05/20, 09/07/20, 07/08/20 & 07/09/20 Azure Services Ltd. Malta Liquidation 07/05/20 KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. The first creditors meetings have taken place with regard to the various Azurecompanies. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Click here to view a copy of the PDF of decision made in August 2018 by Judge Timothy Herrington. 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 use cookies on this site to enhance your user experience. From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. Lawson is now listed as one of the directors along with Joseph Fenech, it is also interesting to see who the shareholders are, Corinthia (Malta) Staff Services Ltd and Mediterranean Overseas Holdings Ltd. Joseph Fenech is also a director of Corinthia. 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. Barclays Bank has been forced to compensate 1,500 customers who were missold timeshare loans worth up to 48 million by Maltas Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands. 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This category only includes cookies that ensures basic functionalities and security features of the website. The Azure Window, a natural rock arch in Malta and a backdrop for the "Game of Thrones" TV series, fell into the sea on Wednesday in a storm. Two geological wonders sit side-by-side on the Maltese island of Gozo: the Azure Window and the Blue Hole. The FOS has also been informed the Administrator and the Mercantile Court are also investigating the point as the evidence suggests, the "liquidation" has been "manufactured". Lovin Malta has reached out to Azure Services Limited for a comment. 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/. Azure Services Ltd Malta Liquidation. Complaints Policy 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. If you are approached, get all the details you can preferably asking those that make the approaches to put details in an email to you. Facebook Twitter YouTube Pinterest. All content on this website is dependent on the opinion of the author. It was set up by the Island Hotels Group in 2003, which marketed timeshares at the Radisson Blu Golden Sands. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. A voluntary winding up typically takes between 12 and 16 months from the date of the decision to wind up the company. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. A liquidator is an officer of the court, his appointment is ratified by creditors. Sources have claimed that the company also applied for and received the COVID-19 supplement for the April salary. Martin Brylka VCSL in turn has established a company in Malta called VCMS Co Limited, which will employ local staff to service the clubs members. If you are approached we would advise that you get as much information as possible and contact the Timeshare Helplineand advice.This free service is funded byEUROCand is operated by Kwikchex, who areapproved by the UK Trading Standards: We booked a holiday for March 2020 with azure at the radison blu but could not travel due to COVID As the company is in liquidation we want to know how to claim for a refund. Please know what you are buying these are not beads, These are crystal stones set into a brass setting. It first hit the news in 2019 for misselling timeshares to hundreds of British holidaymakers in 2019. He said: I cant believe I fell for it. As reported on our website a new club manager has been appointed https://rdo.org/industry-updates/new-club-manager-appointed-for-azure-resorts/ and you can contact the contact the club via Telephone number: 00 356 2356 1000, or E-mail address: reservations@vcmsmalta.com.
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