# Independent Coach Travel (Wholesaling) Limited (01867070)

> Why UK company 01867070 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01867070

- **Status:** Administration ended
- **Administration began:** 2020-07-20
- **Administrators' firm:** Kroll
- **Incorporated:** 1984-11-28
- **Location:** London
- **Industry:** 96090 Other service activities n.e.c.

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Parent or group failure

## From the administrators' statement

As a direct result of the COVID-19 pandemic, the Group had ceased cruising ‘operations and was ’ suffering cashflow difficulties.

Prior to the Appointment | Date, Duff & Phelps. were engaged by the UK Group to assist with refinancing. .

On 20 July 2020, despite the Directors’ best efforts over the receding 1 months, the board concluded that they were unable to secure a refinance arrangement. As a result, the board made the decision to place the Company and the UK Group into Administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01867070/filing-history/MzI3ODc2MzY2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01867070

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.