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No clients abroad? In July? That makes it sound planned or am I missing something? Were the bookings sold to another operator?
Did you miss the pandemic?
£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
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.
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.