ReSolve – a leader in the Travel Sector - ReSolve Group UK

ReSolve - a leader in the travel sector

ReSolve Group UK

ReSolve - a leader in the Travel Sector

A recent article published in Accountancy Today looks at the support ReSolve has been giving to businesses in the travel sector.

ReSolve is pleased to have supported several small- and medium-sized travel businesses during the first half of 2021. This sector has been extremely hard hit by the pandemic-related travel restrictions and therefore many operators have sought out options to preserve their brands and legacies.

 

Recent appointments in 2021 include:

Travel Day Limited – In June, ReSolve sold the brand names and Intellectual Property assets of Travel Day Limited (“Travel Day” or the “Company”), a UK-based independent tour operator trading as Simply Global Travel, Holiday USA, Caribbean Classics and The Vegas Wedding Company. In 2019 the Company provided holidays for almost 6000 passengers and processed over 2700 bookings. Its brand names and Intellectual Property assets have been sold to Serenity Holidays.

VIP SKI – In January, ReSolve sold the business and certain assets of APS-Select Limited, including the trading name ‘VIP SKI’, an excellent tour operator of quality, good value, memorable ski holidays. The sale to Vita Brevis Limited will allow VIP SKI to continue trading.

Go Travel – Also in January, ReSolve sold the brands and certain assets of Go Travel Limited, a well-established family travel agency based in the South East. Go Travel had a strong brand and reputation in its local area with large numbers of loyal customers and repeat bookings. It operated three brands – Go Travel Limited, Cultural Breaks, and Coach Holidays. The Company offered a full range of travel services including tailor-made and inclusive holidays, flights, accommodation, cruises, foreign currency, car hire, airport parking, worldwide attraction tickets, travel insurance and more. A sale of the brands and Intellectual Property assets was successfully concluded to C.A.M. Property Ltd.

Mark Supperstone, Managing Director at ReSolve, commented:

“This has been a particularly challenging time for the travel industry due to COVID-19 travel restrictions and has led to an influx in travel-related companies coming to ReSolve wanting to understand what their options are. The sooner a client engages with us the more options are available such as restructuring, CVAs, divestment of certain brands or assets, and/or pre-pack sales. At ReSolve we pride ourselves in never taking the path of least resistance and always look at all the alternatives to get our clients the best possible outcome for all stakeholders.”

 

Mark Supperstone can be contacted at mark.supperstone@resolvegroupuk.com