Foreign exchange firm collapses

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The Independent Online

More than 13,000 consumers were hit today by the collapse of one of the UK's largest foreign exchange firms.

Holidaymakers and business travellers were among those left without any travel money after Crown Currency Exchange (CCE) called in administrators MCR.

MCR stressed it cannot guarantee an early resolution and said those looking for a "quick return of their money" may be left disappointed.

CCE, based in Hayle, Cornwall, allows customers to pre-order foreign currency of between £300 to £10,000 at today's prices up to a year in advance.