Concern over Trading Environment

Joint administrators have been appointed to handle the collapse of independent foreign currency exchange business Crown Currency Exchange (CCE).

At least 13,000 customers of the Cornwall-based company are affected. The business was established five years ago by husband and wife team Peter and Susan Benstead and had processed hundreds of millions of pounds worth of foreign currency transactions over that period.

It provided customers with travel money in more than 80 major currencies. Services included cash, travellers cheques and money transfer facilities.