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Aldeburgh: Owner of Prime Holiday Lettings speaks over closure of company

PUBLISHED: 17:40 02 May 2014 | UPDATED: 17:40 02 May 2014

The company was based in Aldeburgh

The company was based in Aldeburgh

Archant

The owner of a holiday company that closed suddenly has apologised to clients, staff and suppliers.

Police are investigating the closure of Aldeburgh based Prime Holiday Lettings after receiving reports from holidaymakers that had booked to stay in properties with the company, which was based in the High Street.

In March the firm, owned by Sheila Moore, went into voluntary liquidation, owing £523,769.59 to 223 creditors.

Mrs Moore is the largest creditor, being owed £277,929.

The affairs of the company are being dealt with by Martin Linton and Paul Weber of Leigh Adams Chartered Accountants and Licensed Insolvency Practitioners.

A Suffolk Constabulary spokesman said they are liaising with the appropriate bodies.

A creditors meeting was held in Elstree, in London, of which the details have not yet been disclosed.

Some customers paid large sums of money to the company weeks before it closed.

In a statement handed out at the meeting from Mrs Moore, she said: “I subsidised the company by contributing funds totalling £195,000 – with £36,500 of this amount being provided within a period of six weeks prior to the company being forced to cease to trade, something I would not have done had I known what the immediate future held in store.”

Without prior warning the company was notified by email that Allsop LLP had been appointed as receivers on behalf of Butterfield Private Bank over properties let by the company, and it was stated that no one would be allowed to occupy the properties.

Mrs Moore said she approached the receivers to request that holiday bookings be fulfilled, but it could not be agreed, leaving her with no option but to take the “difficult decision” of going into voluntary liquidation.

She added: “I would like to apologise to all clients, staff and suppliers for the unfortunate circumstances, and for any stress, both financial and emotional, they have suffered.”

Anyone with information should contact the Investigations Management Unit at Suffolk police on 101, quoting LE/14/265.

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