David Urquhart SKY Travel Limited (SC143094): administration
- Status
- Administration ended
- Administration began
- 2020-07-16
- Formerly
- Forty Eight Shelf (34) Limited
- Incorporated
- 1993-03-08
- Location
- Glasgow
- Industry
- 79120 Tour operator activities
Why it went into administration
- COVID-19
From the administrators' statement
The Company operated as a Travel Agency and dealt with travel bookings overseas; package holidays and cruises.
The directors advised that over the past 2 to 3 years the Company had made a small loss. However, during the financial year to April 2020 it looked like the Company was returning to profitability. Unfortunately, the COVID-19 pandemic hit and resulted in the cancellation of - all holidays from the middle of March 2020. Due to the level of refunds that would be required and the lack of future business the Company was unable to continue to trade.
Administrators' statement of proposals (2020-09-10) · Companies House register