Barwell Travel suspended all trading activities as the company appointed administrators to evaluate the company’s financial position and financial prospects. During the past few months, the Barwell Travel has been in serious negotiations with numerous interested Tour Operators / Investors with a view to concluding either a trade sale or inward investment.

"It is deeply regretted partially due to the current “credit crisis” that management were unable to get one of those deals concluded prior to the expiry of the current ATOL license. As a consequence, the directors took the decision to protect the Company’s affairs by seeking the appointment of Administrators to the Company," said the company in its statement. 

This subsequently resulted in the appointment of Geoffrey Bouchier and Paul Clark of Menzies Corporate Restructuring as Joint Administrators to the Company on 1 May 2008.

During this time and until further notice, all trading activities have been suspended. The position regarding future departures and bookings remains uncertain. The Administrators are currently in discussions with the various interested parties with a view to concluding a sale of the business to allow the existing customer bookings to be fulfilled. An update on the position regarding the cancellation of any future bookings will be made on Friday afternoon and posted on this website.

The Company is a member of ABTA, Air Travel Organisers’ Licensing (ATOL), International Air Transport Association (IATA) and Civil Aviation Authority (CAA) and both organisations have been advised of the situation and they have put processes in place to deal with passenger enquires and claims.
 
For those customers travelling by air, Barwell Travel advised that the Company was bonded under the Air Travel Organisers’ Licensing (ATOL) system managed by the Civil Aviation Authority (CAA). For those customers travelling by means other than air, Barwell Travel advised that the Company was bonded under ABTA.
The Administrators are in the process of provided the CAA and ABTA with all passengers names and addresses and booking details so that they are fully up to date on the situation.