Selsdon Travel Limited (02802216): administration
- Status
- Administration ended
- Administration began
- 2011-05-23
- Administrators' firm
- Antony Batty
- Formerly
- Hasmain Limited
- Incorporated
- 1993-03-22
- Location
- London
- Industry
- 6330
Why it went into administration
- Property / lease costs
From the administrators' statement
Selsdon was set up by Mrs Nazma Datoo in 1994 and in 2002 It acquired the Dreamticket com website from the Administrators of Dreamticket Holiday Company Ltd The Company launched the website towards the end of 2002 offering holidays to Dubai In July 2003 Nazma Datoo's son, Abbas Datoo joined the Company, which began to offer holidays to the Indian Ocean and in 2004 to the Far East, USA and Caribbean
The Company grew rapidly between 2003 and 2009, with turnover rising from £1 million to £29 million The unique selling point was that Dreamticket allowed users to tailor their holiday online at a time when most traditional tour operators simply had a version of the brochure online The Company was very focussed on technology, which was constantly under development and review
In March 2007 the directors made the decision to outsource certain back office functions to Dreamticket Travels LLC (“DTL”) in Dubai, which was a joint venture between Abbas Datoo (49%) and Ebrahim Baghlar (51%) A fixed fee of 180K AED (£30K) per month was charged to Selsdon for all data entry products and admin tasks
Administrators' statement of proposals (2011-07-13) · Companies House register