UK-based event agency goes into liquidation

UK-based Tailormade Conference Management Ltd has ceased trading and gone into liquidation with debts of £249,000.

Liquidators for Tailormade Conference Management Ltd were appointed in July and the company has been wound up with debts of £249K, with assets expected to be worth £22K, leaving a shortfall of £227K owed to lenders, trade creditors, the taxman (£23,800) and unpaid staff.

Trade creditors were the largest slice with £218K owed including Whittlebury Hall and Apex City Hotel. This included £54,000 owed to The Funding Circle.

At Meeting Escrow, we safeguard client deposits using our industry leading MeetingTrust™ segregated bank account system.  

Clients and supplier-partners sign a MeetingEscrow™ contract with the total amount of the advance deposit to be protected, desired currency (USD, EURO or CAD) and the dates and amounts to be released to supplier-partner.

Every client deposit resides in a distinct, uniquely identified bank account in the currency in which it is to be paid to the supplier-partner. 

Supplier-partners receive MeetingEscrow™ international wire transfers for deposit on the exact date indicated in the contract.

Meeting Escrow is backed by $5Million E&O (Errors & Ommisions) liability coverage through Lloyds / Special Risk, $5Million Commercial General Liability through Royal Sun Alliance, $1Million cyber liability through Lloyds/CFC Underwriting and a $1Million bond through The Guarantee Company of North America. 

Protect your business and next event.



Posted: 9/12/2018 6:25:45 AM by Meeting Escrow Blog | with 0 comments

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