Travelex companies - in liquidation
Appointment of liquidators
Mark James Tobias Banfield, David Kelly and Edward John Macnamara have been appointed joint liquidators of TU Realisations Limited, TGI Realisations Limited and TL Realisations Limited, with effect from 9 August 2023 and of TB Realisations Limited with effect from 1 August 2023.
TU Realisations Limited (formerly Travelex UK Limited) - in liquidation
Information for creditors including former employees as at 5 February 2025
On 5 February 2025, we declared a first and final dividend to unsecured creditors from the Prescribed Part of 1.78* pence in the £ and a first and final dividend to unsecured creditors of 0.56* pence in the £ from uncharged realisations. These amounts have been combined into a single payment for each creditor with a valid claim admitted for dividend.
The payment will be paid by cheque and sent by post. Please allow at least 2 weeks for delivery before contacting us to advise you have not received a dividend and you have a valid claim.
* rounded to two decimal places
Documents available to view or download
TL Realisations Limited - Joint Liquidators final account
TGI Realisations Limited - Joint Liquidators final account
TL Realisations Limited - Progress report to 8 August 2024, and notice of liquidator's final account
TU Realisations Limited - Progress report to 8 August 2024
TB Realisations Limited - Progress report to 31 July 2024
TGI Realisations Limited - Form 600 Notice of liquidator's appointment
TL Realisations Limited - Form 600 Notice of liquidator's appointment
TB Realisations Limited - Form 600 Notice of liquidator's appointment
TU Realisations Limited - Form 600 Notice of liquidator's appointment
Foreign exchange rates
Rule 14.21 of the Insolvency (England and Wales) Rules 2016 stipulates that all claims from creditors should be converted to GBP (£) using exchange rates prevailing on the date the Companies entered administration.
Accordingly, the Joint Liquidators will use the following exchange rates as at 6 August 2020, for creditors of TL Realisations Limited, TU Realisations Limited and TGI Realisations Limited:
- US Dollar ($) - 1.3173
- Euro (€) - 1.1122
- Czech Koruna (CZK) - 29.1355
The Joint Liquidators will use the following exchange rates as at 21 July 2020, for creditors of TB Realisations Limited:
- US Dollar ($) - 1.2701
- Euro (€) - 1.1105
- Swedish Krona (kr) - 11.3734
Move to dissolution
The former administrators of Travelex Holdings Limited and TFP Realisations Plc have filed "notices of move from administration to dissolution" on 4 August 2023 and 5 August 2023 respectively and expect these companies will be dissolved in due course.
Documents previously issued during the Administration
Previous communications from the Administrators
Toby Banfield, David Kelly and Edward McNamara have been appointed joint liquidators of TU Realisations Limited, TGI Realisations Limited and TL Realisations Limited, with effect from 9 August 2023 and of TB Realisations Limited with effect from 1 August 2023.
All are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Joint Liquidators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.
The Joint Liquidators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Liquidators. Personal data will be kept secure and processed only for matters relating to the Joint Liquidators' appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Liquidators.
