Fri, 07 Jan 2011 | ADMINISTRATION
Wales's largest operator of coach holiday tours has announced that it is on the verge of entering administration.
The BBC has reported that Diamond Coach Holidays has fixed a notice outside its premises in Cardiff stating that it has ceased trading and that it is currently seeking an administration order.
The company, which has its headquarters in Swansea, has organised coach trips around the UK and Europe since 1954, and currently carries more than 80,000 people on holiday every year.
It is understood that an administrator is due to be appointed on Friday afternoon, who is likely to look for opportunities to sell the business.
The company has a workforce of around 70 people and has experienced a number of positive developments in recent year, including investing more than £5 million in 20 brand-new, high-end coaches. The 2010 brochure for the company also pointed out that its sales in 2009 had increased by 15 per cent on the previous year.
The company has not yet issued an official statement on the administration aside from the sign, but more details are expected soon on how those who have booked holidays through the firm may be affected. The company's depot is located in Swansea's Enterprise Zone and it has a shop each in Swansea and Cardiff city centres.
A wireless communications company based in Edinburgh, has fallen into administration, with administrators now marketing the company’s assets, including its intellectual property portfolio, for sale. Offers are invited.
This international organisational consulting and training business boasts over two decades of success, leveraging a prestigious PMI authorisation to provide top-tier project management training worldwide. With a unique partner-led model and significa...
This is a well-established brand and creative agency located in Yorkshire, known for its strong reputation and tailored campaigns that cater to a diverse client base, including prestigious blue-chip organisations.
|
04
|
|
Sep
|
Insurance broker kicks off buy-and-build strategy targeting £100m GWP | BUSINESS SALE
Tower Insurance Brokers, an insurance broker backed by priva...
|
03
|
|
Sep
|
Assets including IP available as wireless technology firm collapses | ADMINISTRATION
pureLiFi, a wireless communications company based in Edinbur...
|
03
|
|
Sep
|
Listed New Forest hotel up for sale for £8.5m | COMMERCIAL PROPERTY
Burley Manor Hotel, a grade II-listed country house hotel in...
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.