Close My Travel Agent Business

Rescue, Recovery, and Closure Options for Travel Agents

For an industry already struggling to maintain its position in a landscape where travellers and holidaymakers increasingly book their trips online, there are now additional challenges with trading in an uncertain economic landscape which threatens to affect businesses across almost every sector and industry imaginable.

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Close my Travel Agency Business via Liquidation

As with all businesses, a problem with cash flow can quickly escalate and if the problem is not addressed swiftly the company can soon be at risk of becoming insolvent. The good news is that there are a range of options available to you and your company should it experience financial difficulties. Emergency funding may need to be injected into the business to allow outgoings and other liabilities to be paid on time. In other cases, however, piling additional borrowing on top of an already indebted company is a recipe for financial disaster. Instead, the company may need to consider a more formal arrangement with creditors to help reduce the immediate pressure.

If you are in this position, a licensed insolvency practitioner will be able to talk you through your options and give your travel agency the very best possible chance of effecting a successful turnaround.

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Rescue my Travel Agency business

In spite of the difficulties being faced, the situation for travel agents is far from being all doom and gloom. While it is no doubt a challenging marketplace to operate in, the opportunity is still there to run a financially successful travel agency business, however, modifications as to how the business operates and how it is financed may have to be made. The desire for travel will always be there, however, changing consumer preferences may require travel agents, particularly those based in bricks and mortar stores on the high street, to have a plan in place to accommodate these shifting expectations.

If you are concerned about what the future holds for your travel agency business and fear there is a chance of the company falling into a state of insolvency, the experts at Real Business Rescue are here to help. At Real Business Rescue we can ensure travel agents and other businesses operating within the travel industry, are armed with a robust yet flexible strategy, providing the solid financial foundations needed while allowing for agility as the marketplace evolves over the coming years.

We can discuss the full spectrum of possible solutions including financial restructuring, securing additional funding, or company closure options if the business’s problems have taken it beyond the point of rescue. To arrange a confidential appointment with a travel industry business turnaround expert, get in touch with the Real Business Rescue team today.