A high-end concierge service with links to the Tory party has secured a loan from a US shareholder after the coronavirus pandemic hit its business.
Quintessentially - which was co-founded in 2000 by Ben Elliot, the Old Etonian nephew of the Duchess of Cornwall and joint chairman of the Conservative Party - was handed the money by one of its investors, New York-listed petrol and jet fuel distributor World Fuel Services.
The firm's accounts for the year to April 2019 are more than six months overdue. Its last set of accounts, which were also filed more than six months late, reported a loss before tax of £3.4m.
Quintessentially recently shelved plans to build “the world’s largest floating private membership club” in the form of a superyacht. It caters to ultra-rich clients, offering them luxury lifestyle experiences and access to exclusive events.
It has now agreed to give Quintessentially a loan, according to a filing with Companies House. World Fuel Services' finance chief Ira Birns is a director of Quintessentially.
Quintessentially did not comment.