Fri, 02 Dec 2011 | ADMINISTRATION
Crusader Holidays, the Essex-based coach holiday company, has become the latest established travel firm in the UK to succumb to difficult financial circumstances and call in administrators.
The company, which operates from headquarters in Clacton-on Sea, is now in the hands of administrators from financial services firm Ernst & Young, who will be working to contact customers with future bookings to organise refunds, and will be looking at realising the company's assets.
Crusader Holidays has been organising short break coach holidays in the UK and Europe since 1974, and has been a popular option for people in Essex for nearly 40 years.
Communications director for The Confederation of Passenger Transport UK, John Major, confirmed that the company had entered administration, but said that its membership of the Bonded Coach Holidays Scheme (BCH) meant that its customers' money was protected.
"While appreciating the disappointment and upheaval these situations cause to people looking forward to their holidays, it does highlight the benefits of customers ensuring the package holiday they book is with a company that is the member of the Bonded Holiday Scheme," Mr Major said.
Customers who have already paid for a package holiday through the company, involving coach travel and at least one night's accommodation will get a refund in full.
In a prime location, this freehold business opportunity includes a detached, well-equipped bakery factory along with a retail outlet and cafe, all part of a family business with a century of trading history.
Established in key industries like power generation and rail, this company offers specialised electrical and engineering services across the UK and Ireland, boasting strong relationships with blue-chip clients and a reliable income stream.
This well-established company has a decade-long track record in a growing market and is fully relocatable or can be operated remotely, providing flexibility for the new owner.
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