Tens of thousands of holidaymakers will miss out on their holidays after a travel operator went into administration.
Travelscope has collapsed leaving as many as 40,000 holidaymakers' plans in ruin.
Insolvent tour operator puts 40,000 holidays at risk
Holidaymakers miss out on Christmas trips as tour operator enters insolvency
Accountancy Age, 24 Dec 2007
Advertisement
Partners from Menzies Corporate Restructuring were appointed as administrators after the tour company experienced cashflow difficulties.
As Travelscope is a member of ABTA and ATOL member the holidaymakers will be able to claim a full refund.
Around 270 jobs at the operator are at risk.
The company formed 15 years ago and most recently posted turnover of £80m.
Tags:
Also read
White papers
Most read
- SMEs lean on taxman to ease payment terms
- Debenham's shoppers to wait for VAT cut
- ASDA front runner to buy Woolworths
- Orchid lenders send in PwC restructuring experts
- KPMG chief comments on impact of harsh trading climate
- Ex-KPMG defendants walk away from tax-shelter case
- London Scottish Bank collapses
- Advisers inundate Sage over VAT change
- Financial Director Web Seminar - Future shock: Creating the ‘no surprises’ enterprise
- Johnson takes CFO post at Fannie Mae
Most commented
- E&Y women told what not to wear
- Lewis Hamilton to remain Swiss tax exile
- Roadmap imminent as Cox mounts charge towards IFRS
- Lewis Hamilton stays in Swiss exile
- Obama: asset or liability?
- Intelligent technology: the next big thing
- Plug pulled on SMEs' electricity supplier
- Banks may need more taxpayers’ money
- More than one in four big companies 'dodge' tax
- New accounting rule pushes Deutsche Bank into profit
Special Reports
- How To guides
- Management Consultancy Top 75
- Best Practice regional focus
- Credit crunch special: guiding business through the storm
- PwC 10-year anniversary special report
- The Top 50 2008: Special report
- Tax exodus - a special report
- Practice careers guide: big versus small
- The credit crunch and fair value - a special report
- Budget 2008 special report
Latest
- SMEs lean on taxman to ease payment terms
- Debenham's shoppers to wait for VAT cut
- ASDA front runner to buy Woolworths
- Orchid lenders send in PwC restructuring experts
- KPMG chief comments on impact of harsh trading climate
- Ex-KPMG defendants walk away from tax-shelter case
- London Scottish Bank collapses
- Advisers inundate Sage over VAT change
- Johnson takes CFO post at Fannie Mae
- City talent could move on over tax hike
Spotlight
Profile: Andrew Higginson, CEO of Tesco Personal Finance
He’s spent more than a decade at the top of...
Top 30 Accounting Networks and Associations 2008
The race to become the biggest firm on the planet...
Find your next job
Advertisement
Search white papers
- Accounting and Finance
- Budgeting
- Business Intelligence Solutions
- Business Process Management (BPM)
- Business Process Outsourcing
- Financial Planning and Analysis
- Compliance Management/ Sarbanes-Oxley Compliance
- Enterprise Accounting Solutions
- Enterprise Financial Management Solutions
- Expense Management
- Payroll and Personnel Accounting
- Tax Preparation and Reporting
- More
Advertisement
Advertisements
Advertisement
Secondary navigation
Comments
Have your say on this article