Administrators from Antony Batty have been called in to Birmingham-based
travel company Sun4U after it collapsed, leaving hundreds of holidaymakers
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
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,
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.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children