FAVAR 24 EU LTD
90 Bobbers Mill Road, Nottingham, England, NG7 5GZ
Company Number: 15317124
4 September 2024

Subject: Formal Notification of FAVAR 24 EU LTD Bankruptcy and Client Account Handling

Dear Valued Client,

I regret to inform you that FAVAR 24 EU LTD and its affiliated network, including favar24.eu, have entered formal insolvency proceedings as of 4 September 2024. After a comprehensive review of our financial position, it has become necessary to declare bankruptcy.

Impact on Current Marketing Campaigns

For clients with active marketing campaigns, we are currently reviewing the status of each campaign. While some campaigns may continue, others may face immediate suspension. Please contact the insolvency office for specific updates regarding your campaigns.

Clients with Unspent Account Balances

If you have an unspent balance in your FAVAR 24 account, these funds are now subject to the insolvency process. While every effort will be made to manage claims, recovery of your unspent balance is not guaranteed due to the company's financial situation. Clients are encouraged to submit claims for review.

Legal and Procedural Compliance

We wish to assure all clients that the insolvency process will be conducted in full compliance with UK bankruptcy laws and regulations. The appointed insolvency practitioner will oversee all claims and procedures, ensuring that actions taken are in accordance with the applicable legal frameworks. We are committed to maintaining the highest standards of transparency and fairness throughout this process.

Next Steps for Clients

Please follow the instructions below based on your situation:

Contact for Bankruptcy Proceedings

For inquiries or to submit a claim, please contact:

Email: [email protected]

We understand the difficulties this situation may cause and appreciate your patience as we work through this legal process. Our team remains committed to cooperating fully with the insolvency office to ensure a fair and efficient resolution.

Sincerely,
Kamal Ahmed
Owner & Director, FAVAR 24 EU LTD