BusinessBusiness RecoveryTravel firm Sun4U enters administration

Travel firm Sun4U enters administration

Administrators from Antony Batty called in to Birmingham-based tour operator Sun4U

Administrators from Antony Batty have been called in to Birmingham-based
travel company Sun4U after it collapsed, leaving hundreds of holidaymakers
stranded.

The travel company blamed the collapse of the business on the fallout of the
ash cloud and demise of larger tour operator Goldtrail, which provided flights
for the business.

Andrew Burnham, head of travel at MacIntyre Hudson, told the
Birmingham
Post
that more tour operators such as Sun4U are likely to hit
the wall – with the trend continuing into 2012.

“You can cut costs for a time but the cash will drain away and it is cash
shortages that is causing these businesses to go now,” he said.

The six year old business has approximately 92 employees including two
directors; Tina Patel, MD, and finance director Leigh Erickson. It had an annual
turnover of approximately £20m,
Travel
Weekly
reports.

The business also worked under various trading names, including
OnTheCaseHolidays.co.uk and FlyBeachSun.co.uk.

There was no available information about which insolvency practitioners had
been appointed as administrators from Antony Batty, at the time of publication.

Further reading:

Beever
and Struthers sells medical software company

PwC
administrators sell Alexandra plc

19%
drop in corporate insolvencies in Q2 2010

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