43-year-old travel firm ceases trading

Companies risk ATOLs
By Linsey McNeill
23/12/2021
Home » 43-year-old travel firm ceases trading

A 43-year-old Lincoln-based travel company has ceased trading.

The Civil Aviation Authority said Pax Travel was one of the companies that didn’t renew its licence to sell package holidays at the end of September.

In a statement, the CAA said bookings and payments made and Refund Credit Notes issued after 31 October are not ATOL-protected.

It said it is collating information on the firm, which ceased trading as an ATOL holder today, and it will update customers ‘as soon as possible’.

Travel Gossip understands the company offered Christian pilgrimages, mainly to France and Spain.

When it filed its accounts for the year up to the end of March 2021 with Companies House, Pax Travel said it employed an average of six people.

In the notes, it said the company had been adversely affected by the COVID outbreak, forcing it to reschedule many 2020 packages, but it said it was confident they would go ahead in 2021 and 2022.       

It added: “The directors have taken action to mitigate the cash impact of the deferred trips such as utilising government aid and taking advantage of low borrowing rates and offers.”

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