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Teletext Holidays stops taking new bookings as fears of its collapse grow - your rights

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The Mirror has contacted Truly Holdings for a comment and will update this story shortly. It is also understood that Teletext Holidays is no longer taking new bookings, although it will honour existing holidays.Īny future bookings made via Alpharooms will not be fulfilled. The TTA, a trade body, confirmed that directors at Truly Holdings, which owns both firms, “sought the appointment of liquidators” after the company was pulled up by the UK’s competitions watchdog for failing to pay out millions in refunds for holidays cancelled due to pandemic restrictions.

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It is understood that Robert Cundy and Bijal Shah of Edge Recovery and Insolvency Practitioners were hired by Truly Holding a week ago to manage the company's closure.Įntering liquidation means the company has effectively run out of money - any remaining funds will now be used to pay the people it owes money to. Truly Holdings, which owns both firms, has ceased trading, according to the government's insolvency database. The administration, which affects more than 4,000 holidaymakers, comes after the Travel Trust Association (TTA) revoked the memberships of Teletext and Alpharooms on Friday on the back of financial concerns. Travel giants Teletext Holidays and Alpharooms have entered liquidation – in a move that could affect tens of thousands of holidaymakers still waiting on refunds from the start of the Covid outbreak.











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