Tue, 06 Apr 2021 | ADMINISTRATION
Independent UK tour operator Travel Day, headquartered in Swindon, has fallen into administration and a buyer is being sought for the business and its assets.
The company specialises in arranging travel to long-haul destinations and traded under a variety of names including Simply Global Travel, Holiday USA, Caribbean Classics, and The Vegas Wedding Company.
Mark Supperstone and Simon Jagger of investment and advisory practice ReSolve have revealed that they have been appointed as joint administrators of Travel Day, with trading ceasing immediately.
In a statement, the administrators said that the effects of the COVID-19 pandemic had posed a number of challenges for the firm. Mark Supperstone commented that he was confident they would succeed in drawing interest from a number of relevant parties when the travel operator hits the open market.
"COVID-19 has been a challenging time for the travel industry and has led to ReSolve spending a significant time working within the sector, helping our clients survive the storm," he said.
"Yet even at the most difficult of times during the pandemic we have consistently succeeded in finding buyers for our clients’ assets and brands. This is due to their strong fundamentals and investors’ understanding that the travel sector will soon again pick up."
Travel operator Travel Day was originally launched in 2005. It specialised in long-haul travel and weddings in destinations such as the Caribbean and the United States, including Las Vegas. In addition, the firm was well known for its high-quality online booking facilities and respected customer service delivered via international call centres.
Read more about COVID-19's impact on the travel industry.
View the latest distressed UK businesses here.
This business is situated in the North Cornish town, this offering is suitable for a variety of occupiers/uses.
FREEHOLD
A most appealing and successful country house hotel 12 ensuite bedrooms and well appointed public rooms. Comes with landscaped gardens and a swimming pool.
FREEHOLD
A small island hotel in a beautiful location on St Marys Town beach, overlooking the harbour and off islands beyond. Nine of the hotel's fourteen ensuite guest bedrooms take in superb uninterrupted sea views.
FREEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
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.