Spiller & Powell Enterprises, which traded as coach operator Swindon Travel, has entered administration.
The announcement was made on October 4, with staff made redundant and customers left out of pocket. Neil Vinnicombe and Simon Haskew of Begbies Traynor in Bristol and Bath have been appointed joint administrators.
Swindon Travel was founded in February 2002 and offered concert, theatre, comedy and sporting trips.
Mr Vinnicombe said: “The directors have been substantially financially supporting the firm and it was hoped a joint venture with a local coach operator would save the business. Unfortunately the operator was unable to proceed.”
He added: “The directors have informed us that a small number of customers are abroad and have advised us the firm has paid for the holidays for people who have already travelled so their return travel arrangements should not be affected.”
The administrators are hopeful of being successful in their search for a buyer for the business. They will be writing to all creditors, including customers who have no received tickets, to provide some indication in the coming weeks.