A gold coast company that offered “heavily discounted” travel packages to its members has collapsed into voluntary administration and ceased trading.
More than 15,000 members of Australian Escapes could be affected by the business’s collapse, including some who are currently travelling overseas, as well as approximately 40 employees, according to the Gold Coast Bulletin.
However, it appears there could be a chance at least some of these customers will be able to redeem promotional vouchers and continue their existing memberships with a new holiday and travel club enterprise by the end of the month.
Australian Escapes, owned by Accomcorp Pty Ltd, reportedly closed suddenly on March 9.
According to a notice published by the Australian Securities and Investments Commission, Justin Walsh and Adam Nikitins from Ernst Young were appointed as voluntary administrators of the business on the same day and the first meeting of creditors was held yesterday in Southport, Queensland.
Walsh told SmartCompany this morning the business had “well in excess of 15,000 members” at the time of his appointment and it is “highly unlikely” any of the company’s creditors will be able to recover their debts.
Walsh said his…
