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UK arm of International Currency Exchange collapses

5 October 2021

UK arm of International Currency Exchange collapses

The UK arm of currency exchange provider, International Currency Exchange (ICE), has filed for administration, resulting in the loss of over 100 jobs.

The collapse of ICE follows from the impact the pandemic has had on overseas travel, since the provider has outlets at airports and train stations across the UK – of which all 26 outlets must immediately close.

ICE was founded at a single site in London’s Victoria Station almost 50 years ago and since then has expanded to become an international group, with 189 locations spanning over ten countries and is also known as one of Britain’s best bureau de change chains.

Operations outside of the UK for the company are not affected by the process.

Teneo Restructuring is handling the administration.

Category: Administration, What is administration

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