Confidential Advice Line: 0800 063 9221

Apartments Abroad Goes into Liquidation

Liquidation

| January 19th 2010

More News by Steve Currie

A Stoke-based travel company has gone into liquidation despite last-minute efforts to sell the business.

Apartments Abroad, which traded as apartmentsabroad.com, was established in 1991 and based in Blythe Bridge. It was primarily a wholesale supplier of holiday accommodation to the travel trade.

Steve Currie, a director at the Stoke office of business rescue, recovery and restructuring specialists Begbies Traynor confirmed that attempts to establish a rescue package for the company had failed and it had ceased trading.

Apartments Abroad managing director Ian Thirlwall said: “Despite the strenuous efforts of the company and its advisers it has unfortunately not been possible to continue trading. It is deeply upsetting as we had come exceptionally close to selling the business as a going concern before Christmas.

“When that fell at the last hurdle a subsequent promise of support for our cashflow then also failed to materialise. Despite that blow we and our advisers continued to explore avenues to save Apartments Abroad and right up until today were negotiating a possible sale. Sadly this could not be achieved and with great regret we ceased trading.

“As Apartments Abroad was almost exclusively a trade wholesaler and because we were committed to pre-paying suppliers prior to departure we expect the impact upon consumers to be minimal.

“I would like to express my gratitude to all those in the trade, at home and overseas, who have supported Apartments Abroad for the best part of two decades. Their support, which I trust they felt we reciprocated, was always much appreciated.”


About the author

Steve Currie

Partner

Meet our Team of Experts

44 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Businesses Remain Resilient in the face of Brexit
Financial distress falls 6% following referendum
ONS data: 'Brexit has had no major effect on the UK economy thus far'
Read More →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...