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Accountants & Business Advisers

Travel

Businesses in the travel sector which are experiencing financial challenges often have to deal with a unique combination of factors such as pressures on cashflow as a result of seasonality.

Travel

A range of employment and other regulations both in the UK and overseas, bonding requirements and dealing with suppliers in foreign jurisdictions. Additionally, holidays can be an emotive subject and ensuring that customers are treated correctly and the protections afforded them via ATOL, bond schemes or via section 75 or chargeback are understood is an important factor in any decision making.

We have experience of advising many travel businesses ranging from specialist operators to mid-market providers.  We have recently assisted a number of tour operators who have faced financial difficulties as a result of the impact of the COVID pandemic.

In order to achieve the best outcomes for stakeholders in the travel sector it is important to be able to rely on advisors with experience of how travel businesses operate. If you would like to discuss any difficulties your business may be facing please contact Tom Russell or one of our team for an initial discussion.