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

Related Articles

Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6d Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6d Emma Smith, Managing Editor
KPMG appoints new global head of insolvency

Business Recovery KPMG appoints new global head of insolvency

3w Emma Smith, Managing Editor
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

5m Alia Shoaib, Reporter
Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

6m Emma Smith, Managing Editor
UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

Business Recovery UK government should support mid-sized businesses to create a ‘new economy’ post-Brexit, says BDO report

8m Alia Shoaib, Reporter
Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

Business Recovery Over 800 jobs saved as Endless LLP acquires Jones Bootmaker

9m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor