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 well established bar/restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.The business is justifiably proud of its awards. They have...
The company offers high-end matchmaking and relationship consultancy services to affluent private members. Priding itself on its innovative and personal approach, the company is well-established and provides a discrete service.
Highly reputable independent music production and supervision company providing end-to-end solutions across various applications including music supervision music licensing original score recording composer representation and an internal music librar...
Long-standing retail display firm acquired out of administration | BUSINESS SALE
Manchester-based retail display specialist Axiom Marketing S...
Logistics group completes 23rd acquisition since 2015 | BUSINESS SALE
Logistics firm EFS Global has continued its acquisitive grow...
UK IT specialist acquired by New York workforce management group | BUSINESS SALE
Gibbs Hybrid, a UK-based IT and business services firm, has ...
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
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.