Click here to view the PDF notification that has been issued concerning this. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. 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. We also use third-party cookies that help us analyze and understand how you use this website. Azure Services Ltd did not. We can honestly say without fear of contradiction that this is another scam in the making. Free shipping for many products! 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. Established to ensure that Members at the Radisson Blu Resort & Spa Golden Sands, Malta continue to enjoy all the benefits and entitlements at their home resort in Malta and also beyond the shores of our Mediterranean island. azure malta liquidation. We would also urge Azure timeshare owners to be very cautious regarding any approaches made regarding compensation claims. kenyon murray daughter Menu Toggle. We queried this with the liquidators, who have replied advising that they have now updated these members. timeshares to hundreds of British holidaymakers in 2019. Helpline Hours 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. 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. Now a Russian architect wants to build a mirrored steel archway in its place. Keeping this cookie enabled helps us to improve our website. Mediterranean Overseas Holdings Ltd is also another company owned by the late Bob Trotta under the parent company the Limora Group. by Matthew Vella. We also use third-party cookies that help us analyze and understand how you use this website. However, it seems the COVID-19 pandemic derailed their plans, with the tourism effectively shut down for at least the next few months due to the outbreak. Please know what you are buying these are not beads, These are crystal stones set into a brass setting. A liquidator was chosen in May 2020. I cant see this company registered at companies house and their website looks amateurish. Azure Services Limited was an MFSA registered company owned by Corinthia and Mediterranean Overseas Holdings Limited. Naturally we at TCA will be following developments closely and will report our findings as and when developments take place. Alternatively,download the update directly (PDF download). 12-14 The Crescent, The enshittification of apps is real. KwikChex has been informed that Azure Services Ltd. of Malta has entered into liquidation proceedings. The UKs financial conduct watchdog is investigating 54 million in loans made to Golden Sands timeshare buyers. When a company is deemed to be solvent, the liquidation process would typically involve a members' voluntary winding up which is triggered by the shareholders of the company. Reference to the restructuring process was made in a company announcement issued on May 5 by International Hotel Investments, which incorporates the Corinthia Group. Boss the game, deliver masterful ball control, and be the apex Predator in your game. Kind Regards RDO members can log in to rdo.org, and when they do we use cookies to track that they have logged in. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. The Companies Act [CAP. 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 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. 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. Sources have claimed that the company also applied for and received the COVID-19 supplement for the April salary. There have also been claims that false representations were also made about the loans financial impact. Limited and Mr Barry Lynch of Alvarez & Marsal Cayman Islands Limited, were appointed Joint Liquidators of Azure Resorts Limited and Azure XP Limited. Telephoning from outside the UK: 00 44 1823 510625. Azure hoped the company would move away from the sale of timeshare products and services and focus more on traditional high-end tourism at the resort. The key difference is that before you actually place your order you need to confirm that your customer has signed the Microsoft Customer Agreement. He said they are having hundreds of calls about it. In 2015, Corinthia Group assumed 50 per cent share of the company as part of their takeover of the Island Hotels Group. In fact, the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. The landmark Azure Window, off the Maltese island of Gozo, has collapsed into the sea during a storm. Copyright 2023 Times of Malta. Please enable Strictly Necessary Cookies first so that we can save your preferences! 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 will be contacting those impacted to apologise for what has happened, and to let them know how we will be putting this right.. Thank you for your enquiry. 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. Around 80 people lost their jobs right before Christmas. The company noted that it has every intention to ensure that the upcoming liquidation is conducted in an orderly manner and that timeshare owners will continue to enjoy the same service and benefits as they have for the past years. How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Michelle Yeoh: Finally we are being seen, Our ski trip made me question my life choices, Apocalypse then: lessons from history in tackling climate shocks. The first creditors meetings have taken place with regard to the various Azurecompanies. 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. 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 I maintain all support systems and hierarchies that our reporting is based upon. The other half is owned by a group of international investors specialising in timeshare resort operations. Nov 2021 - Present1 year 5 months. In addition, shareholders have also reaffirmed that the Golden Sands Resort will fully honour all timeshare commitments arising from obligations entered into with existing members. Citrine, Capri, Burgundy, Blue Zircon, Erinite, Peridot, Jonquil, Indian red, light azure. organisation If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. All content on this website is dependent on the opinion of the author. If you have any questions on this letter please contact the liquidators at the address provided in the letter. Check if your The winding up decision was taken through a resolution approved by the shareholders of Azure Services Ltd on April 27. Hilton Grand Vacations (Formerly Diamond Resorts) European Resorts Have Been Recognized with a SILVER Award by World Tourism Responsible Awards During the 2022 WTM London Event. 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. 2020 KwikChex Ltd. This means that every time you visit this website you will need to enable or disable cookies again. The Azure Window, a natural arch off the coast of Gozo in Malta, collapsed into the sea on March 8. These have in the main affected only sales and marketing operations, but not the operations of the resorts themselves and owners will still (subject to Covid-19 restrictions) be able to enjoy the use of their timeshares. 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. Inside Timeshare has received many enquiries as to what is going to happen to members of the "club"? 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. Liquidation is a formal insolvency process governed by the Act the purpose of which is to protect an insolvent company's creditors. The spectacular Azure Window rock arch on Malta's island of Gozo collapsed into the sea in 2017. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. We use 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/. Alex Lawson from Alvarez and Marsal (Cayman Islands) has appointed himself as an administrator/director to oversee the . 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. 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,. The full statement can be read HERE. 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. We also use social media buttons and/or plugins on this site that allow you to connect with your social media network(s) in various ways. 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 incident was a result of years of erosion, according to experts. According to its website, Azure Services Ltd, which employed 180 staff, had more than 5,500 members. By browsing this site you are giving your consent for us to set cookies. Complex issues have arisen related to administration and insolvency of a small number of timeshare businesses. Whilst it is too early to foresee the potential fallout from this news, we at TCA will be keeping a close eye on developments and will of course publish updates as and when. Upon a search of UK Companies House and the Spanish equivalent we can find no sign of the existence of this company. Customise . IHI owns 50% of the Golden Sands Resort and the Azure Group. Premium access for businesses and educational institutions. The decision resulted in the loss of around 80 jobs. The bank said it did not believe there were issues with affordability checks on the Azure loans and considered it "reasonable" that customers should repay them. You can still enjoy your subscription until the end of your current billing period. This website uses cookies to improve your experience while you navigate through the website. For and on behalf of FNTC (UK) Ltd. 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? Complaints Policy That is to say, it was all planned to save as much cash as possible for the " Trotta " heirs. 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. However, it later discovered the staff were employed by the unlicensed Azure Services Limited. or For the sake of clarity, please see a copy of the response we received which also includes a link to a dedicated information website. KwikChex continues to urge caution regarding any approaches to timeshare owners by businesses offering compensation services and will be pleased to help owners evaluate any such approaches. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. It collapsed on Wednesday morning after being battered by a storm. Creditors have been notified that on May 11 a telephone conference would be. Timeshare Group in Liquidation Hits the News Again. He said: I cant believe I fell for it. Azure Services Ltd. Malta Liquidation 07/05/20. With regard to consumers that may have already been seeking to relinquish their timeshares or are actually involved in claims processes, these will need further assessment and KwikChex will be pleased to assist upon request. Registered Office: Artemis House, 4a Bramley Road, Mount Farm, Milton Keynes, MK1 1PT. Company No. 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. Search. It was sold to Corinthia in 2015. The company has always adhered to applicable regulations and is fully authorized in regards to all its business activities including consumer finance.. 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. 109519. Barclays told the tribunal that in 2017 it received only 63 mis-selling complaints of timeshare loans, two of which it upheld. But opting out of some of these cookies may have an effect on your browsing experience. All shareholders have reaffirmed their commitment towards the future of the Golden Sands Resort as a high-end luxury destination. It first hit the news in 2019 for misselling timeshares to hundreds of British holidaymakers in 2019. On the contact page there is the usual form to fill in and submit. The PN says the PM should make the future of Air Malta clear. Borrowers claimed that false representations were made about the financial impact of the loans, they were not properly informed of their duration and that vulnerable consumers were inappropriately treated. 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. This is a story that Inside Timeshare has been following for quite some time and it is one that shows how financial institutions are actively involved in the selling of timeshare to the . Kindly check your inbox after sign-up to confirm subscription. But Malta's Azure Window, known as Tieqa tad-Dwejra in Maltese, graced glossy marketing brochures since tourism began here and in many ways, the 50-meter-tall arch came to represent Malta itself. 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. Lovin Malta has spoken to previous customers of the timeshare operation who regularly described loans with generally high-interest rates.