Elixir Holidays Limited (05084237): administration
- Status
- Administration ended
- Administration began
- 2016-02-19
- Administrators' firm
- Antony Batty
- Incorporated
- 2004-03-25
- Location
- Gray's Inn
- Industry
- 79110 Travel agency activities
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company was incorporated in March 2004 and initially funded by the divectors at the time, All Zafer Barchman and Jak Baruh for £70,000 each Elxir specialised in upmarket holidays to Turkey at the Hillside Beach Club and other quality hotels and over the years benefited from a loyal customer base
The Company remained profitable up to 2013 and the Company took on significant hotel commitments as a result of the successful historic trading figures
As a result of the Syrian war and civil war tn Turkey there was a major fall off in trade January 2016 would normatly be a busy month but the Istanbul bombing caused clients to delay booking Elixir was unable to recover from the hole in the cash flow The Company employed three staff members, one of who has been suffering from a very serious illness for the last 3 years Elixir traded from leasehold property at 51 Charlbert Street, St John’s Wood, London, NW8 6JN
Administrators' statement of proposals (2016-03-18) · Companies House register