About PT Trustees Limited

 

PT Trustees Limited (“PTT”) was established in 2012 to provide Trustee Services to help protect Travel Industry Consumer Funds encompassing the 2012 “Flight Plus” and the 1992 PTR Trust accounts legislation; and for Non regulatory Trust accounts for Travel. Since then, PTT has been engaged by Travel companies for all three types of Trusts.

PTT currently manages the Trust accounts for 3 of the 8 Accredited Bodies licensed by the CAA. PTT also acts for other Travel businesses encompassing airline seat providers, accommodation only and other travel businesses.

The Civil Aviation Authority (“CAA”) has approved PTT as a Travel Trustee and PTT has had to comply with all of the CAA’s requirements encompassing Corporate Governance, Quality of Staff, Systems and IT.

Since 2015, PTT has expanded into Non Travel businesses to provide Trust and Escrow services. The objective being to protect beneficiary funds consistent with the requirements of the respective Trust or Escrow Deed.

PTT is managed by Sudheer K Sharma, a Chartered Accountant. Sudheer has been involved in a wide variety of Travel Industry roles both in the Corporate and Regulatory environment since 1993. Sudheer has been a Travel Trustee since 2001 and has overseen the disposition of over £4bn of travel funds belonging to over a thousand travel businesses including the UK’s largest Low Cost Airline.

PTT consequently has a wealth of experience and its operations are ably managed by Independent, travel experienced and qualified Trustees and Executives. We have an in depth and unrivalled knowledge and understanding of the complexities of the Travel industry and Travel Trusts.

PTT maintains strong links with the regulator, the CAA, major Banks and Merchant Acquirers and Law Firms specialising in Travel.

 

banks

Banks

PTT is able to effect introductions with Barclays, RBS/NatWest and Santander. In all cases it would still be necessary to pass the regulatory tests that these institutions demand.

 

merchant

Merchant Acquirers

PTT is able to effect introductions with Barclays Merchant Services and Worldpay.  Merchant acquirers recognise the reduced risks of trust accounts and may pass on rate savings to trust account holders.

caa

CAA

Due to our valued links with the CAA, PTT can effect introductions and is able to provide invaluable support in connection with licensing requirements and Trust deeds required to establish Trust accounts for Travel.

 

Professional relationships

PTT maintains reciprocal professional relationships with travel specialist firms of accountants and lawyers to ensure it and its clients get the best advice available. PTT is party to a large variety of Trust Deeds and is able to provide guidance as to their implementation. This covers both regulatory and non regulatory Trusts.

PTT has developed relationships with insurers to assist its clients to obtain Scheduled Airline Failure Insurance (SAFI) and Supplier Failure Cover (SFC). Such policies are required for Consumer Funds to be released to pay airlines such as low cost carriers at the time of booking.

White Hart Associates

 

Our objective

PTT’s objective is to be able to provide access to the entire range of services necessary to:

  • ensure the highest quality protection for Consumer Funds
  • provide a seamless service to ensure Trust accounts are set up, operated and managed to the highest possible standards thereby engendering confidence and trust

At PTT we are confident that our experience, expertise and resources will provide the solutions that you need.