Hundreds of passengers have been left disappointed after the collapse of coach specialist Crusader Holidays.
The company, based in Clacton on Sea, employed 34 staff and provided coach tours across the UK and Europe.
Travel agents have been contacting the Bonded Coach Holiday Scheme (BCH) after at least 480 forward bookings were cancelled.
Those customers booking packages will be eligible for refunds but the holidays will be cancelled.
Neither the administrators nor the BCH would comment on the cause of the collapse but it is not thought to be due to the economic climate.
Maurice Moses and Angela Swarbrick of Ernst & Young were appointed on Friday as joint administrators of the companies.
Maurice Moses said: “The administrators are now exploring the option of selling the business and assets of Crusader Holidays as a going concern.”
Customers were predominantly from East Anglia.
A spokesman for the BCH said most forward bookings appeared to be through travel agents who should contact the scheme by email on [email protected]
It is understood Crusader Holidays was involved in a management buyout in 2009.
By Diane Evans
