Tour operator Phoenix Travel, based in Gloucestershire, has been placed in administration.
The coach travel company, which was formed in 2008 after the collapse of previous tour operator Travelscope, specialised in ski holidays, coach tours and river cruises.
Around 20 people were told they’d lost their jobs with immediate effect on January 13 and would receive no pay. The administrators, PR Booth & Co, were called in after an announcement was made to staff.
According to the administrators, a “significant drop” in bookings in the fourth quarter of last year led to the business folding.
As this issue went to press on Monday, details were unavailable as to sums owed to coach operators and those affected.
Phoenix Travel’s business included running ‘reader holidays’ on behalf of newspapers, one of which was featured in CBW when two Peterborough residents recalled their pleasant experiences on board a £99 break to Cologne.
In 2008, Travelscope blamed litigation over a cancelled cruise as the reason for going into administration.
Former Travelscope manager Darren Parris and Anu Desai formed Phoenix Travel when they rescued failing Travelscope.
At the time, more than 250 jobs were lost at the firm and 12,000 holidays cancelled.