Specialist Leisure Group

Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Transportation / Storage
49 - Land transport and transport via pipelines
49.3 - Other passenger land transport
49.39 - Other passenger land transport n.e.c.
2,460 - 2,530 jobs
Number of planned job losses
Job loss
Announcement Date
22 May 2020
Employment effect (start)
22 May 2020
Foreseen end date

Description

The Specialist Leisure Group (SLG), the British hotel and travel company, has entered administration and ceased trading with immediate effect, making 2,460 employees redundant. About 70 employees have been retained to assist with the closure of the business. Around 2,200 of the group's employees, whose headquarters are in Wigan, were out of work and being supported by the UK government's furlough scheme. 

The chief executive of the group said that the coronavirus pandemic had devastating effects on the group: holidays and tours had been cancelled and with thousands of customers claiming refunds the group faced significant cashflow problems.

SLG was founded over 100 years ago - it operated several traditional British brands, such as Caledonian Travel and Bay Hotels.

Sources

Citation

Eurofound (2020), Specialist Leisure Group, Bankruptcy in United Kingdom, factsheet number 100929, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100929.