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Pevans • 6 months ago

No clients abroad? In July? That makes it sound planned or am I missing something? Were the bookings sold to another operator?

Matthew • 6 months ago

Did you miss the pandemic?

Jabber • 6 months ago

£10 million annual revenue on a turnover of £38million.
That is an incredible travel business, and must have had some incredible overheads for it to cease trading.
...or the numbers are wrong

Maz • 6 months ago

Nope that's wrong. But according to their last filed accounts (to Oct18) they had net assets of almost £8M so they were really strong. Odd really. With that T/O and assets I would have thought they'd be one of the last to fall. Very sad.

Julie drewls • 6 months ago

Hi Jabber.

You incorrectly assumed the 10M quoted was profit. No, that is REVENUE.

They had been in trouble for a while and was planning to close the London office.