Quartz Travel reopens post acquisition

Published on : Friday, December 15, 2017

 

quartzQuartz Travel in York ceased trading in August will reopen after acquisition by Leicestershire miniple Millington Travel.

 

 

Insolvency practitioner Begbies Traynor was appointed by Quartz in August and the acquisition followed.

 

 

Paul Smith, founder and business owner Paul Smith will run the business, under Millington Travel’s ownership.

 

 

Begbies Traynor spokesperson said that Begbies Traynor in York has been instructed to assist the director of the business in seeking the appointment of administrators. ‘

 

A notice of intention to appoint administrators has been filed at court.

 

 

After the  appointment the administrators will explore the potential sale of the business.

 

 

It further mentioned that the company’s financial difficulties have arisen from a dispute with its managed services provider via which holidays were booked, and resultant court proceedings.

 
Millington Travel’s co-owner Nigel Armitage mentioned that Quartz is a robust business with a strong brand and a good customer base.

 

 

There are clear synergies between the two brands of Millington and Quartz.
Smith said that joining the Millington team is great for Quartz Travel.

 

They have a similar working culture and the team was delighted to have strong ownership for the future.

Related Posts

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 08 imexamerica 2019
  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 16 TTF 2019
  • 17
  • 17 thincindonesia 2019
  • 18 Africa Hotel & Resort 2019
  • 18 chinatravelnews2019
  • 19 China Hotel 19
  • 19 itehcmc 19
  • 19 uzakrota London 2019
  • 20 sahic 2019
  • 20 uzakrota Istanbul 2019
  • 21 qthexpo 2019
  • 21 TheHotelShowSaudiArabia 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 23 PTM 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. TRAVELDAILY CONFERENCE & DIGITAL TRAVEL SHOW

      August 27 - August 29
    2. ibtm CHINA

      August 28 - August 29
    3. CITIE 2019

      August 30 - September 1
    4. TTF Ahmedabad

      August 30 - August 31
    5. QATAR TRAVEL AND HOLIDAYS EXPO

      September 3 - September 4
Get our toolbar!
Review www.travelandtourworld.com on alexa.com