Gareth Roberts and Paul Ellison have been appointed Administrators of the above company. The Administrators are seeking offers for the business and assets of the company.
- Long established family business, which commenced trading in 1982
- 7 stores in Hampshire and Berkshire in a 40-mile radius
- Loyal and experienced workforce
- Annual turnover of retail sales in year September 2019 approaching £8 million
- Commission earnt on retail sales £876k+
- Variety of domain names including magicaltickets.co.uk
- Disney ticketing operation. Turnover £1m+ in 2019
- Bureau de Change facilities in 3 stores. Turnover £1.6m+ in 2019
- Client database in excess of around 200,000 names
Interested parties should sign an NDA which can be found on the following link;https://www.dropbox.com/s/jwwu9ti2uommn92/Toucan%20Travel%20NDA.pdf?dl=0 and return to Sarah Moppett (firstname.lastname@example.org) and further information will then be provided.
Expressions of interest for the business and assets are required by 5pm on Wednesday 28 October 2020. Please note that the Administrators will be seeking an early sale.
This summary briefing contains information supplied by the company’s personnel. KRE Corporate Recovery Limited provides no warranties or indemnities whatsoever in respect of this information. All interested parties must rely on their own review and investigations with regards this opportunity. See following Important Notice.
INTRODUCTION AND CONDITIONS
This summary has been prepared in connection with the proposed sale of 100% of the shares and/or trade and assets of the company.
By accepting this summary the recipient agrees to keep permanently confidential all information that it contains. This summary may only be made available to those members of the recipient’s staff who require to be directly involved in the appraisal of the opportunity and the recipient’s bankers and professional advisors. It should not be made available to any other third party without the prior written approval of KRE Corporate Recovery Limited (“KRE”). Furthermore, no contact should be made with the Company or any of its staff, customers, suppliers or shareholders without the express permission of KRE.
The information in this summary, which does not purport to be comprehensive, has been completed from information provided to KRE by the Company and has not been independently verified by KRE. Intending purchasers should not rely on the information contained in this summary, and must satisfy themselves as to the accuracy of all such information. KRE has been appointed by and is acting for the shareholders of the Company and, with the exception of any duties or liability which it may have under the Financial Services and Markets Act 2000, will not be responsible to any third party for the information contained in this memorandum.
No person, either as a Director of or in the employment of KRE, has any authority to make, imply, or give any representation warranty or indemnity whatsoever in relation to this proposed sale including the information contained in this summary. No responsibility or liability is or will be accepted by the Company or KRE or by any of their respective officers, employees or agents in relation to any inaccuracy or incompleteness of this summary and any liability is hereby expressly disclaimed. In particular, but without prejudice to the generality of the foregoing, no representation, warranty or assurance is given as to the achievement or reasonableness of any future projections, management projections, management estimates or prospects contained in this summary.
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This document is exempt from the restriction on financial promotions contained in the Financial Services and Markets Act 2000. In particular, this Opportunity Summary is only being distributed in the United Kingdom to: a) persons who are investment professionals falling within article 19(1) of the Financial and Markets Act 2000 (Financial Promotion) Order 2005 in the United Kingdom (the “order”); (b) high net worth individuals (who meet the criteria for such classification contained in article 48(2) of the Order, or companies or other bodies who are reasonably believed to fall within articles 48(2) and 49(2) respectively of the Order; or (c) other persons whom it may be otherwise lawfully communicated to (whether pursuant to the Order or otherwise).
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Any individual or organisation that does not fall within the categories of the above description should not under any circumstance rely or act upon this document or any information within this document. In the event, that an interested party is in any doubt about their classification in terms of the description above or about a proposed investment or acquisition. Such parties must consult with an “authorised person” for the purposes of FSMA.
This summary has been sent to prospective purchasers for information purposes only and upon the express understanding that it does not form the basis of a contract.