County Durham ABTA travel agency member Oakley Travel has ceased trading.
The company, which employed five outside sales representatives, was based in Peterlee and ran online business internetholidays.com.
ABTA said the company was unable to meet its future liabilities and administrators had been appointed to protect creditors but were unable to deal with customer bookings.
Any claims that arise will be dealt with by the ABTA claims department on 020 7637 2444.
Report by Phil Davies
