Fleetway Travel Limited and Fleetway Aviation Limited - both in liquidation
Notice of intended dividend issued |
Paid to date |
Future amount |
Final date for proving |
Estimated date for dividend payment |
|
| Unsecured creditors | Yes | 20 p in the £ | 10 - 15p in the £ | 5 April 2024 | May 2024 |
*Please note that Unsecured creditors will not be repaid in full.
Steven Sherry and David Baxendale of PwC were appointed as joint administrators of Fleetway Travel Limited and Fleetway Aviation Limited (“Fleetway” or the "Companies”) on 13 July 2020. On 22 July 2021, the Companies moved from administration to creditors’ voluntary liquidation, with Steven Sherry and David Baxendale being appointed as joint liquidators.
Fleetway operated for 45 years and specialises in package holidays. It had operations in London and Sheffield, and employed around 62 staff.
The Companies experienced cash flow pressures due to the impact of Covid-19. As a result of the worldwide travel bans, Fleetway saw an almost complete cessation in new bookings and suffered cancellations across all destinations.
Funding options for the business were pursued by management but could not be concluded. This unfortunately resulted in the Companies being placed into administration.
Please refer back to this page for further information and updates as the liquidations progress.
Steven Sherry and David Baxendale were appointed as joint liquidators of Fleetway Travel Limited and Fleetway Aviation Limited to manage their affairs, business and property without personal liability. The Joint Liquidators are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. The Joint Liquidators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics. The Joint Liquidators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Liquidators. Personal data will be kept secure and processed only for matters relating to the Joint Liquidators’ appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Liquidators.
