It is highly unlikely that Travelscope Holidays might be rescued by a last minute purchase, according to its administrators Menzies Corporate Restructuring. Besides who would want it, now is has been proven to be a failure the public will never book with the travelscope name again.
This of course does nothing to help the thousands who were effectively defrauded of there hard cash by the collapse of travelscope.
Menzies partner Paul Clark, joint administrator to Travelscope Holidays, said today (Tuesday): “We are in advanced negotiations with a number of competing parties who are interested in taking over the business of Travelscope.
“We expect to conclude these negotiations and announce completion of a sale within the next 48 hours.
“For legal and confidentiality reasons, we are unable to provide any detail at this time.
This does regrettably mean that holidays due to take place imminently have been cancelled, including departures planned up to and including January 13 2008. This affects 273 passengers who have and are all being made aware of the position.
“The position regarding holidays planned for after January 13 is still uncertain but we would hope that the new owners would be able to preserve existing bookings.
“The website is being kept up to date with information and we expect to make further announcements later this week.”
The Gloucester-based company, which ran worldwide tours plus ocean and river cruise programmes, ceased taking bookings on December 23.
The company had been experiencing cash flow difficulties, which it reportedly blamed on a cancelled cruise.
Travelscope was a member of ABTA and holds an ATOL licence with the Civil Aviation Authority and is also a member of the Passenger Shipping Association. It had been operating for 15 years.
The operator’s ocean cruise programme for 2008 was based on the chartered ship Van Gogh operating sailings from Falmouth, Harwich and Hull.