BusinessBusiness RecoveryInsolvent tour operator puts 40,000 holidays at risk

Insolvent tour operator puts 40,000 holidays at risk

Holidaymakers miss out on Christmas trips as tour operator enters insolvency

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.

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.

Further reading:

Boss
sorry for travel firm collapse

Insolvency rules altered to
protect retailers

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