News

Teletext Holidays and Alpharooms go into liquidation with thousands of customers owed refunds

TELETEXT Holidays and Alpharooms have collapsed into liquidation while still owing thousands of customers refunds. Truly Holdings, which owns both firms, has ceased trading, according to the government’s insolvency database. Entering liquidation means the company stops trading and its remaining money and assets are handed out to claimants. It usually happens when a company is […] ...

TELETEXT Holidays and Alpharooms have collapsed into liquidation while still owing thousands of customers refunds.

Truly Holdings, which owns both firms, has ceased trading, according to the government’s insolvency database.

Thousands of customers are affected by the collapse

Entering liquidation means the company stops trading and its remaining money and assets are handed out to claimants.

It usually happens when a company is insolvent, meaning it doesn’t have enough cash to meet its payments and debts.

Around 4,000 consumers are reportedly impacted by the collapse, according to MoneySavingExpert.

MSE reported this week that Edge Recovery has been appointed as insolvency practitioner to the company.

It comes after the Travel Trust Association revoked both firm’s memberships last November, citing financial concerns.

Both companies struggled during the pandemic and were slammed for failing to refund customers for holidays cancelled due to Covid.

In May, Teletext Holidays promised to refund £7million to customers who were still owed cash from coronavirus cancellations by August 31, after thousands complained.

But in October it faced court action over claims it had not done enough to refund customers for cancelled holidays during the Covid crisis.

Consumer watchdog the Competition and Markets Authority (CMA) launched the legal battle against the company to secure refunds for customers.

More to follow…

For the latest news on this story keep checking back at Sun Online.

Thesun.co.uk is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.

Download our fantastic, new and improved free App for the best ever Sun Online experience. For iPhone click here, for Android click here

Like us on Facebook at www.facebook.com/thesun and follow us from our main Twitter account at @TheSun.

Leave a Reply

%d bloggers like this:
Available for Amazon Prime