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.
A superb opportunity to acquire a well-established 5-star style business in a popular visitor and leisure location. Kinloch Rannoch is beautifully remote and yet very accessible, being only a 15 mile drive from the main A9 road. With its origins as a...
FREEHOLD
Oustanding opportunity to purchase a restaurant, bar/Inn near to the busy Inverkip marina & new Ardgowan distillery. The business for sale offers a superbe property with a highly impressive annual turnover.
FREEHOLD
Offering outstanding architecture and a strong turnover, the hotels are on the NC500 route and offer 45 letting bedrooms between the two which are run as one business for sale. The baronial castle like properties are quintessentially Scottish offerin...
FREEHOLD
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.