Just heard Tanderra at Dempsey has closed http://www.tanderrasingapore.com/ Will theY be refunding fees?
This is the email sent to members
Tandarra - Singapore's Family Members' Club
On behalf of Tanderra’s Board and Shareholders I have thesad and unfortunate task of informing you that effective from today, TanderraPte Ltd will cease operations. The Club has been running a large monthlycashflow loss since it opened last March and it has now become unsustainabledespite additional funds being pumped into the business, implementing changesto pricing and an ongoing focus on improving our offering over the past sixmonths. Whilst we’ve been making progress at reducing the month on month loss,we have not been able to close the gap as quickly as we needed to and havefound that especially in the last quarter of 2016, a significant proportion ofexisting members are leaving Singapore.
The shareholders have voted by a significant majority topursue a course of action to complete a compulsory winding up of the Company bythe Singapore Courts as we are now in a position where we are unable to pay ourdebts. The matter will be managed by ourlawyers Singh and Co and any claims relating to Tanderra Pte Ltd will need tobe lodged via their office (details below).
Tanderra has ringfenced member prepayments and depositspaid since last year to ensure that you are all returned, as the legal processruns its course, any monies owed to you.
There remain a significant majority of our members whoare in arrears with their payments at Tanderra. Whilst these are at a muchsmaller level than I encountered when I joined the Club, if you take intoaccount November billing (which was due to be paid by the 15th December),enough is owed that if collected would enable us to meet our legal and taxobligations to our employees and ensure that they are paid the salaries theyare owed.
We greatly appreciate your help in this.
We will also commence the billing process today for spendincurred by members during December. We hope to issue these and your finalstatement of account (due to system limitations I’m afraid these will be issuedseparately) during the first week of January. Payments will need to be made by banktransfer or PayPal or in person at OCBC (if this is done please ensure yourmembership number is used as reference). Any outstanding funds owed to Tanderranot paid by the end of January will be pursued in due course by ourliquidators.
We will be informing our landlord today that ouroperations are ceasing immediately. Our assumption is that they will thenrepossess our site. We are in the process of collecting all member belongingstoday and advise via our Facebook page when they can come and be collected fromTanderra.
We are hoping to open at the weekend and provide anopportunity for members to also purchase items from Tanderra. All funds raisedfrom any sale will be put into paying off the Business creditors, salariesprioritised. We will communicate via Facebook.
Our sincerest apologies for the inconvenience that ourclosing may bring you and your family. I hope you will have happy memories ofyour time at the Club and the entire team here wish you all the best for 2017.
Tanderra Pte Ltd has instructed Singh & Co, of 77High Street, #10-09 High Street Plaza to act as legal counsel in this matter.Please direct any queries to them in writing at the above address. Ahead of theCourt Hearing, notifications will appear in the National Press.
Copyright © 2016 Tanderra Pte Ltd, All rights reserved.
Block 73 Loewen Road
#01-21 · Singapore 248843 · Singapore
Thanks really helpful
Yes very helpful indeed.