Tripsmiths enters administration as business sold to The Travel Network Group

A British tour operator specializing in group travel has entered administration, but its business and assets have been immediately sold, ensuring that all existing customer bookings will be honored and future holidays will proceed as planned.

Tripsmiths Limited and TS Travel Limited entered administration on May 14, with Michael Solomons and Andrew Pear of Moorfields appointed as joint administrators. Following their appointment, the administrators completed a sale of the companies’ business and assets to The Travel Network Group. The business will now operate under the name Tripsmiths Travel.

A spokesperson for the administrators confirmed that the purchaser has stated all existing customer bookings will continue to be honored and all future holidays are going ahead as normal. The spokesperson added that all customer monies are held securely in a trust account and guaranteed by the Travel Trust Association. Employees of the companies transferred to the purchaser under TUPE regulations, which protect workers’ terms and conditions when a business changes hands.

Tripsmiths and TS Travel offered a wide range of curated tours to destinations across the globe, including French...