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I hope in future this will make consumers double check who they are booking with and the implications involved if it fails. As a high street agent I sometimes feel like a broken record as I explained to customers the reasons why I can't match a quote offered by low cost holidays - and like in the past I will see some of those same people come through my door tomorow after the company has failed. But as always it's not about gloating - its about educating people not to risk potentially thousands of pounds and a hard earned holiday.

If only insurance you'd sell. You add 2% for insurance and 20% for you own chair doing redundant work.

They should have stayed as UK company as they started. Tried to go international but unfortunately didn't pay off.

Let's hope it bites you one day.

From someone who was shafted big time by them all I can say is - whoooo hoooooo

A very sad day for the entire team at Low Cost Holidays. The Directors are responsible for the company and will doubtless come in for criticism but I hope it is measured. I have no doubts that along with everyone else Paul fought like a lion to save his baby. It would be good if people didn't stick the boot in for a change.

A sad day for the staff, Paul Evans won't care he is rich so can afford it..He will be already working on his other business with Alex Gisbert...as a former employee I can honestly say he ran that business appallingly and I jumped ship before it went under

Blimey! That news was a surprise... The founder Paul Evans was always so sure of himself, I guess he was too sure.....

I do feel for those staff in LGW and those on passenger holidays. I Feel for those passenger Who were due to travel with the company doesn't its wasn't part of the Atol scheme