Full Circle Management Limited carried on business disposing of timeshare weeks, for timeshare owners for a fee.

The company also offered an optional cash back scheme as an incentive to the client. The cash back schemes were operated by unconnected companies. Therefore, any queries on the cashback schemes specifically should be referred to the cashback companies, and not to the Official Receiver. Our early enquiries have indicated that the Full Circle Management Limited owes monies to the cash back companies and therefore, it is possible that clients have not received their cash back certificates due to this.

On 21st July the Secretary for Business Enterprise and Regulatory Reform applied for the appointment of the Official Receiver as Provisional Liquidator on the grounds that it was in the public interest to do so following an investigation carried out by Companies Investigation Branch.

On 21st July 2008 the Official Receiver at the Public Interest Unit (North) was appointed as Provisional Liquidator.

Following the appointment of the Official Receiver as Provisional Liquidator, a letter was issued to the company's clients who have contracted with the company to deal with their timeshares, but whose timeshares have not been sold or transferred on. The Official Receiver believes that these clients are creditors of the company. The Official Receiver has obtained details of these individuals from the company records, which are currently available to us.

On 3rd September 2008, the Court wound-up the company on public interest grounds. The Official Receiver at the Public Interest Unit (North) is Liquidator. Our office will be returning client files to the company's clients. It is anticipated that we will be returning to those clients, whose timeshares have not been sold or transferred on, the deeds / documents of ownership for the timeshares. If you were expecting to receive such documents, and have not received them by 29th October 2008, please contact our office.

It is possible that due to the necessity for our office to rely on company records for information, that we might not have current addresses for the company's clients. If you have moved house since first contracting with the company, and are expecting to receive documentation / information from our office, please ensure that we have your correct address details.

If you are seeking to claim monies from your credit card provider requires information from the Official Receiver, please provide our office details to them.

The Official Receiver will issue a Report to Creditors regarding the initial findings of the case by 29th October 2008: sent under separate cover from the client files. To receive a copy of the said report, please contact our office.

Please ensure that any queries are referred to the Public Interest Unit (North), and not to the Official Receiver's Office in Manchester.