Moorfields appointed Liquidators over Travel Boutique in Staffordshire

Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed joint liquidators of Timeless Travel Limited on 14 October 2014.

The boutique travel firm established in 2010 in the West Midlands specialised in bespoke fly drive holidays to USA and Canada including cruising holidays to Alaska.

Simon Thomas, Joint Administrator “Timeless Travel  regrettably faced difficulties due to increased competition from online travel agents and whilst it had over 40 years combined experience they found profit margins were difficult to compete with. The issues faced by Timeless Travel are similar to those faced by many retailers and service providers who have found that having a high street presence has become less important and finding an online niche is essential.”

If you require any further information, please contact Moorfields Corporate Recovery Ltd by email rmcilroy@moorfieldscr.com or call 0207 186 1144.

 

For media enquiries, please contact:
Katie Smith
Tel: +44 (0) 20 7186 1143
Email: ksmith@moorfieldscr.com

 

About Moorfields

Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations

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