
posted 1st May 2023
Club La Costa (CLC) is a timeshare company that has experienced financial difficulties in recent years. In December 2020, the company went into liquidation, which means that it is being wound up and its assets are being sold off to pay creditors.
The liquidation process can be complex and time-consuming, and it may take some time before the final outcome is known. However, it is clear that CLC has faced significant financial challenges in recent years. In 2019, the company reported losses of over £30 million, and it has faced legal action from customers who have claimed that they were misled into buying timeshare properties.
Despite these challenges, it is important to note that CLC still has a number of resorts and properties that are in operation. It is not yet clear what will happen to these properties as part of the liquidation process, but it is likely that they will be sold off to pay creditors.
Overall, if you are a CLC customer, it is important to stay informed about the company's financial situation and any developments related to the liquidation process.
If you are a Club La Costa member that would like to exit your contract, cancel your finance agreement or reclaim back the money you have paid, get in touch.