The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Administrative Services Travel Agency, Tour Operator And Other Reservation Service And Related Activities Travel Agency And Tour Operator Activities 79.1 - Travel agency and tour operator activities
150 jobs Number of planned job losses
Announcement Date
1 August 2019
Employment effect (start)
1 August 2019
Foreseen end date
Description
Holiday company SuperBreak has ceased trading and it is understood that around 150 jobs have been lost with immediate effect. The company's parent group Malvern Group also operates under the Laterooms trading name and in total employs around 250 people across the two companies, which specialise in city breaks both in the UK and overseas. The Malvern Group appointed KPMG as administrators and tried to secure additional funding from banks, as well as trying to push for a quick sale of the business. Banks declined to provide further funding and a buyer could not be found within the time frame, leading to the decision to cease trading.
Eurofound (2019), SuperBreak, Bankruptcy in United Kingdom, factsheet number 98352, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98352.
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