The parent company of Longwood Holidays and Amathus Holidays has ceased trading after becoming insolvent, as confirmed by travel association Abta.
Based in Barnet, Preston Travel Limited also owned Preston Holidays, which sold holidays to the Channel Islands and Egypt specialist Peltours.
The holiday operator, currently advised by Grant Thornton Channel Islands, employed 30 people in the UK and overseas, and had around 4,500 consumers with forward bookings, with 144 consumers currently on holiday.
John de Vial, head of financial protection at Abta, said: “Preston Travel is a well-known, long-established company and we are sorry to announce that they have ceased trading.
“Abta will be arranging swift refunds for anyone who has booked a non-flight based package or accommodation-only booking.”
De Vial added: “In addition we are pleased to offer reassurance to those already abroad of travelling out this weekend on similar trips that we will be seeking to secure their arrangement with hotels directly, allow them to enjoy the rest of their holidays without the worry of claiming refunds on return.”
Customers with bookings involving flights are invited to obtain a claims form from the CAA, while those carrying any other kind of booking involving travel, or accommodation only, should contact Abta.
Preston Travel Limited is not affiliated with Preston Travel Centre in Preston, Lancashire.