Harrisons administrator called to Gill's Cruise Centre
Paul Boyle, assisted by Tony Murphy, sell assets in luxury cruise retailer following appointment
LUXURY CRUISE COMPANY Gill’s Cruise Centre has called in an administrator from insolvency firm Harrisons.
Paul Boyle, head of national practice at Harrisons, has been appointed administrator to family-owned cruise retailer Gill’s Cruise Centre.
Boyle managed to secure a sale of some assets to rival We Cruise with the assistance of recently joined director Tony Murphy (pictured) shortly after appointment.
Boyle said Gill’s “fell victim to over-ambitious expansion plans” as well as increased costs and overheads.
He added that all existing bookings made by Gill’s Cruise Centre would be honoured.
Gill’s, established in 1957, was the third-largest player in the UK cruise market. It generated annual sales of £110m and employed more than 200 staff across two call centres and two retail outlets in Cardiff and London.