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Bolton Cruise Company Collapses

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Poor swines. Another one bites the dust - this autumn and winter will prove to be utter carnage for the travel industry since most firms were unable to build up adequate reserves in the summer selling season to tide them over, and usual bank credit is hard to find as banks do not like this industry right now. Even those firms who boasted that they sold all of their inventory this summer are at risk - as to achieve those sales margins had to be slashed to all time lows:

Cruise agency collapses with 4,000 forward bookings

(17 September 2009)

A specialist cruise agency has collapsed with 4,000 forward bookings.

G&B Travel, which used the trading name Gillett Travel, ceased trading on September 11 and can no longer meet its future liabilities.

ABTA is advising customers of the travel agency, which was based in Horwich, Bolton, to contact the cruiselines they are booked with. The agency sold all of the UK's major cruise operators' product.

Retail claims are being handled by ABTA's claims handling partner CEGA.

ABTA number: 30881

ABTA claims reference: AB8999

Claims period closes: March 11 2010. All claims and supporting documentation must be received prior to this date

Contact: The ABTA Claims enquiries office on 01202 596 699 or abtaclaims@cegagroup.com

Edward Robertson

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Poor swines. Another one bites the dust - this autumn and winter will prove to be utter carnage for the travel industry since most firms were unable to build up adequate reserves in the summer selling season to tide them over, and usual bank credit is hard to find as banks do not like this industry right now. Even those firms who boasted that they sold all of their inventory this summer are at risk - as to achieve those sales margins had to be slashed to all time lows:

Cruise agency collapses with 4,000 forward bookings

(17 September 2009)

A specialist cruise agency has collapsed with 4,000 forward bookings.

G&B Travel, which used the trading name Gillett Travel, ceased trading on September 11 and can no longer meet its future liabilities.

ABTA is advising customers of the travel agency, which was based in Horwich, Bolton, to contact the cruiselines they are booked with. The agency sold all of the UK's major cruise operators' product.

Retail claims are being handled by ABTA's claims handling partner CEGA.

ABTA number: 30881

ABTA claims reference: AB8999

Claims period closes: March 11 2010. All claims and supporting documentation must be received prior to this date

Contact: The ABTA Claims enquiries office on 01202 596 699 or abtaclaims@cegagroup.com

Edward Robertson

Are these 'Hard working families' or the usual debt whores? This is the critical fact that could determine my level of sympathy.

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cue bad puns..

ok I'll make a start

directors discovered it was not a watertight company with a large hole in the accounts...

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cue bad puns..

ok I'll make a start

directors discovered it was not a watertight company with a large hole in the accounts...

Some stern faces at the last board meeting...

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Are there 4000 people in Bolton who take cruises?

It's possibly how some of them entered the UK.

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Sounds really tacky to me - they should've steered clear of this one!

Can't they get anyone on board to help prop them up?

Must be waves of emotion left in the wake of their collapse!

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cruises are old people - the boomers - this tells you their investment returns have been mullered.

Well that and the sheer volume of direct sales ads by the cruise companies in the papers tell me prices are falling and with it margins.

Shame, Horwich is a struggling town - losing another employer is more bad news for it.

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Shame, Horwich is a struggling town - losing another employer is more bad news for it.

I didn't even know it had a sea port.

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With the likes of Easyjet and Ryanair cutting back on flights from various airports I suspect a lot of people with second homes are now having to travel further, and pay more, in order to find a flight to their 'sun' destination?

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Not enough sales always starts that sinking feeling, shame they didnt' accrue more during the boom times

ferry good.

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Guest DissipatedYouthIsValuable

Northern pedestrianism is a small price to pay for the recovereh in the City of London.

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cruises are old people - the boomers - this tells you their investment returns have been mullered.

Well that and the sheer volume of direct sales ads by the cruise companies in the papers tell me prices are falling and with it margins.

Shame, Horwich is a struggling town - losing another employer is more bad news for it.

Rachman

I played for the RMI over a couple of seasons. Here we go-I think I am right in saying that Horwich RMI still have the longest name ever to play in the FA Cup (1st round proper). Horwich Railway Mens Institute. Might even be railymens mechanical institute. I never did find out, it was always Horwich RMI (now Leigh RMI I think). Shame- the RMI then a cruise ship whatsit. Is nowt sacred?

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