Nick Wood and Ian Richardson, Licensed Insolvency Practitioners in Grant Thornton's Recovery and Reorganisation practice, have been appointed on 6 April 2009 as Joint Administrators to Worldwide Destinations Limited (WWD-UK). WWD-UK most recently operated from offices in Cambridge.
The Administrators understand that WWD-UK acted as the UK agent in the sale of "off plan" Egyptian properties to UK purchasers for Worldwide Destinations Egypt for Real Estate Investments - AS (WWD-Egypt). The Administrators' appointment is to WWD-UK only and does not extend to WWD-Egypt
"We are seeking to hold discussions with representatives of WWD-Egypt as soon as possible, to determine the exact position with regard to the property developments. We are in the process of advising all known stakeholders of our appointment and taking possession of WWD-UK's assets and financial records", said Wood.
Property purchasers should contact Sebastian Ostlie on 0207 865 2284 and sebastian.ostlie@gtuk.com or Muntazir Haji on 020 7865 2715 and muntazir.haji@gtuk.com to obtain a questionnaire for their completion and return to the Administrators.
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