Fleetway Travel Limited (02157381): administration
- Status
- Administration ended
- Administration began
- 2020-07-13
- Administrators' firm
- PwC
- Formerly
- Fleetway Travel PLC; Fleetway Limited; Bellhop Limited
- Incorporated
- 1987-08-26
- Location
- Leeds
- Industry
- 79110 Travel agency activities
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Parent or group failure
- Brexit
From the administrators' statement
Fleetway began its operations in 1973 and over the years developed into a multi-award winning travel business that specialised in selling holiday packages through partnerships with hotels, airlines and travel suppliers. Relationships with online distribution partners and international and independent hotel chains established Fleetway in the luxury exclusive deals market. Packaged holidays were sold both directly to consumers via the Companies’ proprietary
. technology platform, and through third party agents, with consumer bases in the UK and US. Annual revenues were
FWT was the main trading entity of the business and was the contracting party with customers. FWA is a wholly owned subsidiary of FWT and was established to operate as a pass-through vehicle to purchase airline tickets. The UK Group is wholly owned by the Travelsmart Group. A summary of the group structure can be found at Appendix A.
Administrators' statement of proposals (2020-09-25) · Companies House register