From the administrators' statement

The Company was incorporated on 23 March 2013 by Radha Vyas and Lee Thompson andcommenced trading in 2014. The Company had one subsidiary; a US entity which was dormant and woundupin September 2020. The Company was a tour operator, offering group holidays to destinations around the world, for solo travellers.

The Company’s failure is attributed to a cash crisis brought on by the global travel restrictions putin place as a consequence of the COVID-19 pandemic, which led to c£13m in lost revenue. With no visibility on when the Company would recommence trading the Directors were left with little option but to seek professional advice with regards to the affairs of the Company.

Full details of the Company’ strade, including information relating to attempts to secure funding, cost saving measures and engagements with the Company’s creditors are included at Appendix B SIP 16 Report PrePackaged Sale.

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The Flash Pack Ltd (08459520)

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