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(30 September 2004)
THE outstanding liabilities of failed operator Travelscene have amounted to £3.5 million, it has emerged.
The figure was originally thought to be £1.5 million, but additional claims from hoteliers have seen the defunct operator’s debt soar. There are understood to be about 2,000 creditors.
Around £800,000 of the liability is covered by Travelscene’s ATOL and ABTA bonding arrangements. At the time of its failure in August, the operator had 5,000 forward bookings.
A creditors meeting was held earlier this week with liquidators SPW Poppleton and Appleby. During the meeting it emerged Travelscene sales director and ABTA president John Harding bought an Alicante flat from the operator in May for £200,000.
Potential buyers have already expressed an interest in Travelscene’s customer database, computer system and phone network.
