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. Roger Chessell, a Xagra resident, was at Dwejra when the window collapsed at . Click here to view a copy of the PDF of decision made in August 2018 by Judge Timothy Herrington. Click here to view the PDF notification that has been issued concerning this. Barclays is to fully compensate almost 1,500 customers who were improperly sold timeshare loans by Azure in Malta worth a total of 48m. Alternatively,download the update directly (PDF download). It is mandatory to procure user consent prior to running these cookies on your website. You can revoke your consent any time on our Privacy Policy page. Meet our staff and find out what it's like to work for Azure. 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. However, it later discovered the staff were employed by the unlicensed Azure Services Limited. Employees were given the news through an e-mail sent by the companys head of finance and corporate affairs, Mark Galea, who thanked them for their years of service. 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. I am responsible for the creation, maintenance, and distribution of all Executive Level monthly Management Accounts. 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. TA1 4EB, (Please contact us by web form, email or phone for quickest response), Registered in the UK Some consumers have also been seeking clarification regarding the earlier court order concerning loans made to purchase timeshare between 1 April 2014 and 24 April 2016. The company has always adhered to applicable regulations and is fully authorized in regards to all its business activities including consumer finance.. by TVM Newsroom August 20, 2022. or The remaining 50% is owned by international investors specializing in timeshare resort operations. 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. Meanwhile, any action taken with respect to the curtailment of employees will be made in line with all local regulations. This category only includes cookies that ensures basic functionalities and security features of the website. Call us on 01872 308699 for more information. 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. 3D-printed Demonscale elements spread farther across the surface let you control the ball with every part of your foot. Do your own due diligence, check the registration of the company, if there is no registration then it is not a legitimate company. Copyright 2023 Timeshare Termination Team. 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. or That 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. 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? It was sold to Corinthia in 2015. Radisson Blu Golden Sands. Under Azure plan, select Add to cart. In recent months, the company had been going through a rough patch. Neville, 43, resigned as a director of Island Hotels in September 2015 when the company was merged with IHI plc. You have been warned. 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. Citrine, Capri, Burgundy, Blue Zircon, Erinite, Peridot, Jonquil, Indian red, light azure. The fact that a foreign company has a branch in Malta does not, of itself, constitute residence. 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. Barclays Bank has been forced to compensate 1,500 customers who were missold timeshare loans worth up to 48 million by Malta's Azure Services, a Corinthia-owned tourism and timeshare company at the Radisson Blu Golden Sands. The statement may be viewed by following this link: https://www.corinthiagroup.com/wp-content/uploads/2020/05/Company-Announcement.pdf. https://insidetimeshare.com/?s=exclusive+breaking+news. 10am 4pm Mon-Fri (GMT) Thu, May 12 - Thu, May 26 Wolverine Import . From the copy email that we received, Themis are obviously mounting a cold calling campaign from stolen Azure client data. Re: Golden Sands, Mellieha. It was sold to Corinthia in 2015. x-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. The fact is that at present, both the status of the timeshare ownerships and the question of the challenged loans are going through legal processes and the outcomes are currently unknown. The enshittification of apps is real. KwikChex has been keeping Azure timeshare owners / club members up to date and we became aware that clarification regarding the Azure Ultra Club status did not seem to have been made available. Independent journalism costs money. Upon a search of UK Companies House and the Spanish equivalent we can find no sign of the existence of this company. Creditors have been notified that on May 11 a telephone conference would be held to appoint Richard Galea Debono as liquidator. It said it was facing a number of litigation claims from clients who allege misrepresentation. A vote on the potential nominee for the office of the liquidator will also be taken. Malta's famous Azure Window rock arch has collapsed into the sea after heavy storms. Hours. 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. If you are an owner that is currently involved in a claim alleging misselling of any type or have been approached in this regard with a view to making a claim, this is a separate but potentially connected matter likely to fall into a number of different categories, including matters associated with loans being reviewed by the UK Financial Conduct Authority (FCA) and claims that may have been or may in future be submitted to the UK Financial Ombudsman Service (FOS). I cant afford the loan and have negotiated with Barclays to reduce therepaymentsbut I still owe 15,000.. KwikChex will be pleased to respond to any owners making checks in this regard. Somerset, Major shareholder 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. We use This website uses cookies to improve your experience while you navigate through the website. For and on behalf of FNTC (UK) Ltd. As usual we advise that if you didnt instigate the contact from them, then it should put you on alert. Caroline Hodgson/AP An iconic Maltese natural rock arch collapsed into the sea Wednesday. For a full comparison of Standard and Premium Digital, click here. In # May 2020, members of the above Clubs received notification that Azure Resorts Limited, Azure Services Limited and Azure XP Limited had gone into Liquidation. For cost savings, you can change your plan at any time online in the Settings & Account section. "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. 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. So far we have a nonexistent company that was formed less than two months ago, this is not looking good. By using this site, you agree to our Privacy Policy including the use of cookies to enhance your experience. personalising content and ads, providing social media features and to We also use third-party cookies that help us analyze and understand how you use this website. This means that every time you visit this website you will need to enable or disable cookies again. This change was brought about by the recent construction of a 215 megawatt combined-cycle gas turbine (CCGT . However, the JLs would advise you to seek your own independent legal advice as to the terms of your loan agreement as they may vary from person to person and institution to institution.If my week was on the resales register, what happens now?The resales register was operated by the Company in its role as club manager to assist members in disposing of entitlements they no longer desired to hold. Sources told Lovin Malta that the decision to liquidate the company was taken on 27th April but staff were only informed on 5th May. 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. KwikChex will continue to provide updates. 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. It uses cookies to detect how long people stay on the site, which pages they visit, their country of origin and whether they are a new or returning visitor. The government had set itself the ambitious target of having the plan in place by early January for submission . Creditors will need to provide a list of what theyre owed so the company can estimate the amount of their claims. Meanwhile, there are serious questions surrounding the thousands of people from Malta, the UK, and Sweden who have long term contracts to stay at the hotel for one or two week periods every year. Should you have any questions regarding Azure or any other timeshare, please feel free to contact us and we shall do our best to address your concerns. All content on this website is dependent on the opinion of the author. So who are Themis? I knew I would have to attend a salesmeetingbut I had absolutely no plans to buy a timeshare.. On 7th May 2020 it was announced that Azure Resorts Limited had entered liquidation. H eavy storms in the Mediterranean were the eventual undoing of Malta . Sometimes we include content from other sites on our site, for example, YouTube videos. There have also been claims that false representations were also made about the loans financial impact. 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. Excluding bank holidays, Visit KwikChex Website After sitting through a five-hour sales pitch that featured photographs of Neville andGiggs, he agreed to pay 13,300 for a one-week timeshare with a 25-year contract. Following a company announcement made by International Hotel Investments plc (IHI) on 11 December 2019 whereby it informed the market that the operations of the Azure Group were being scaled down given that its allocation of timeshare at the Golden Sands Resort had been largely sold out, the company issued another announcement on 5 May 2020 which 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. 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. In 2015, Corinthia Group assumed 50 per cent share of the company as part of their takeover of the Island Hotels Group. I also produce all senior ad-hoc reports. 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. 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. 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. MediaToday is an independent media house based in Malta. We use cookies on this site to enhance your user experience. These were formalities as such to enable the continuation of the liquidation process. Simply log into Settings & Account and select "Cancel" on the right-hand side. 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 again advise members / owners to be extremely cautious if approached regarding claims said to be connected to the liquidation process. We are using cookies to give you the best experience on our website. Ex-Manchester United football players Gary Neville and Ryan Giggs once held shares in the company. 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. What should a secular society really look like? The email received by the consumer from Azure contained the following information: Please notethis important update from the Joint Liquidators, which includes reference to the appointment of the new club manager. All content on this website is dependent on the opinion of the author. Back in December last year Inside Timeshare reported that Azure Services Ltd had ended the sales of timeshare, this resulted in the loss of around 80 jobs. The company, Azure Services Limited, markets timeshare at the resorts formerly owned by Island Hotels and Winston Zahra, of .