David Urquhart Travel has announced that it will wind up its coach tour business in an orderly manner over the next few months.
It says that it arrived at the decision having considered the impact of the coronavirus COVID-19 pandemic on travel and tourism. Also a factor is how it is “impossible to establish when coach tour and hotel operations will return to normal operating capacity.”
As a result, and in the absence of acquisition from interested parties, the Directors lodged an application to the Court of Session on 4 May to enter into a Company Voluntary Agreement.
The move does not affect David Urquhart Sky Travel. It provides services including foreign travel, cruises and city breaks and it will continue to operate as normal.
In a statement on its website, David Urquhart Travel says the decision “has not been taken lightly. However, we have to be responsive to the significant challenges that the company would face if we were not to take decisive action”.
It anticipates that the winding-up work will start on Monday 18 May. Customers’ payments are held in a secure independent trust account and all monies will be returned as soon as possible.
The East Kilbride business was founded in 1983 and claims to be Britain’s biggest privately owned coach tour company. It had worked with several coach operators around the UK.