Como Street Travel Limited (04457795): administration
- Status
- Administration ended
- Administration began
- 2014-05-30
- Administrators
- Ninos Koumettou
- Administrators' firm
- Begbies Traynor
- Formerly
- Caribbean Sunshine Limited
- Incorporated
- 2002-06-10
- Location
- London
- Industry
- 79110 Travel agency activities
Why it went into administration
- Property / lease costs
- Management failings / irregularities
- Regulatory change or action
From the administrators' statement
The Company was incorporated in June 2002 under the name Caribbean Sunshine Limited It changed sts name soon afterwards and began trading as an independent travel agent/tour operator The initial shareholders were John, David and Daniel Ox together with a colleague, Gary Smith Gary Smith had worked 1n the travel sector previously and the other shareholders initially looked to him for guidance given his general knowledge of the market The Company’s Directors were John and David Ox
The Company was originally funded via loans from John Ox and subsequently through the use of a bank overdraft facility of £400,000 provided by its bankers Nat West The overdraft was secured by the Debenture referred to above as well as over properties owned by John Ox
The Company grew quickly over the early years and by 2009 was generating revenues of £29m per annum The initial target market was short haul Mediterranean destinations under the brand “Beat the Brochure” (“BTB”) Other businesses were assimilated over the years, most significantly a business run by Harry and George Hastings, which specialised in Flortda as a destination
Administrators' statement of proposals (2014-07-23) · Companies House register