Written by: Keith Tully
Reviewed: Wednesday 4th January, 2017
The travel and package getaways company All Leisure Holidays has stopped trading and called in administrators after succumbing to financial crisis.
A total of close to 150 people are reported to have already lost their jobs as a result of the company’s fall into insolvency and entry into administration.
Hundreds of All Leisure Holidays’ customers who are currently on holidays they booked via the company are facing a degree of uncertainty and thousands of bookings have effectively been cancelled with the business now no longer operating.
The company’s collapse directly affects holidaymakers on Swan Hellenic and Voyages of Discovery cruises, with around 400 people understood to now be in need of repatriation having booked flights back to the UK via All Leisure Holidays.
Administrators have said that they were able to sell off All Leisure’s Travelsphere and Just You brands to the Canadian tour operator G Adventures and save close to 200 jobs in the process.
Eddie Williams, one of the recently appointed administrators, said in a statement: “Whilst I am extremely pleased to have concluded a sale of the business which safeguards the holidays and bookings for over 13,500 tours passengers and preserves 200 jobs, I am very disappointed that we have no alternative other than to close the remaining ALH operations.
“The cruise operations have been significantly loss-making over a number of years and the ongoing cost of funding these operations by the tours operations has created significant cash issues for the entire group which has ultimately led to the administration of all businesses.”
The UK’s Civil Aviation Authority (CAA) has said that it will make sure that the 400 or so holidaymakers who are currently vacationing having booked via All Leisure Holidays will be able to return the UK at no extra cost on the basis of the Atol scheme that protects them in such circumstances.
However, thousands of Atol-protected consumers are expected to soon be seeking refunds in relation to money they put down as part of their holiday bookings with All Leisure.
“The Atol scheme exists for exactly this kind of situation and we are making immediate arrangements so all Atol-protected customers can claim full refunds as quickly as possible,” said Andy Cohen from the CAA.
16th September 2019
There was around a 25 per cent increase in the number of restaurant businesses entering insolvency over the course of the year to June 2019, according to the latest figures on the subject.Read More