Mon, 31 Mar 2014 | ADMINISTRATION
Augusta Golf Tours Ltd has been placed into administration, with administrator David Wilson appointed on 25 March.
The Yorkshire-based travel company had received bookings from over 200 parties to go to the US Masters in Augusta, and has now failed just two weeks before the golf tournament commences on 10 April.
Augusta Golf Tours had taken full payment for travel packages for 210 people, Mr Wilson from DFW Associates said. It had not purchased any flights, arranged hotel visits or bought tickets for the golf however.
Those left out of pocket include charities - thought to include Help for Heroes, which may find it has lost £50,000 - who bought tickets for charity auction prizes.
Average prices paid for the tickets ranged between £2,000 and £3,500.
The administrator Mr Wilson said the business had been operating for two years and scheduled trips to the Masters last year. Based in offices at Cookridge Hall Golf Club, Augusta Golf Tours had no connection to the club.
Holidaymakers who had purchased their order by credit card would be protected, while those who had bought flight-inclusive tickets may be covered by ATOL, Mr Wilson said. Unfortunately anyone who had paid by bank transfer had lost their cash.
Augusta boss Andrew Witney is cooperating with Mr Wilson’s inquiries and all information garnered will be sent on to the police.
Mr Wilson told the Yorkshire Post: “It would appear that a fraud has been committed.
“There are no proper records and no real effort appears to have been made to make bookings and we can only assume there was never an intention to do so. Sadly, among those affected are a number of charities.”
_____________________________________________________________________
Related information:
Administration details for Augusta Golf Tours Ltd
Represents an opportunity for a hospitality acquirer seeking a restaurant with additional takeaway in Harrow.
LEASEHOLD
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire. With a capacity for up to 110 wedding guests, the16th Century traditional building boasts original features, open fireplaces, exposed beams and elegant interio...
LEASEHOLD
Restaurant for sale in Hartley Wintney, Hampshire. Offering a 3-bed flat, a large car park, and a detached property.
LEASEHOLD
10
|
Jan
|
Your.Cloud eyes up future M&A after buying IT group HDUK | BUSINESS SALE
A Dutch Managed Service Provider (MSP) acquirer Your.Cloud h...
10
|
Jan
|
Dental Beauty all smiles as it hits fifty-practice mark | BUSINESS SALE
Dental Beauty Partners has hit a fifty-practice milestone af...
09
|
Jan
|
Spandex reflects on Lakeside Group acquisition | BUSINESS SALE
Bristol-based Spandex, which creates innovative solutions fo...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.