UK holiday company closes after entering administration

Salamander Voyages, based in Belfast, offered “exclusive” private gulet holidays in Turkey, Greece, Italy, and Croatia.

In a post on Instagram, the company said: “Every voyage is private, personal and entirely yours – from the destinations you choose to the memories you create.

“Salamander does not just provide holidays. It helps guests write stories they will remember for a lifetime.”

Salamander Voyages closes after falling into administration

Now, after 23 years in business, Salamander Voyages has closed after falling into administration.

Scott Murray and Ian Davison of Keenan Corporate Finance Ltd were appointed joint administrators on April 22, according to Companies House and The Gazette.

Salamander Voyages posted the news of its closure on its website, saying: “After 23 years of wonderful sailing in the Aegean Sea, we are very sad to announce Salamander Voyages has taken the difficult decision to close its doors.

“Please note that on 22 April 2026 Scott Murray and Ian Davison of Keenan Corporate Finance Ltd were appointed as Joint Administrators of the Company.

“For any creditor queries, please contact the Joint Administrators’ office by telephone (028 9023 3023) or email (info@keenancf.com).”

What happens when a company goes into administration?

When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com.

Companies House adds: “When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems.

“An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process.”

A statutory moratorium is put in place once a company enters administration, giving it “breathing space” to allow for financial restructuring plans to be drawn up free from creditor enforcement actions.

A company can continue to trade while in administration, but daily management and control are handed over to the administrators.

Companies House continues: “Within 8 weeks it is the administrators’ role to formulate administration proposals.

“Creditors are then asked to vote by a decision procedure to approve the administrators’ proposals.

“If the administration involves a sale of all or part of the company’s business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority.”

Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension.

Through administration, a company can be:

• Rescued and passed back to the directors
• Enter liquidation
• Be dissolved

Other UK travel companies that have closed in 2026

Four other UK travel companies have already closed in 2026:

All four have ceased trading, according to Companies House, and have lost their Air Travel Organiser’s Licence (ATOL).

Meanwhile, EcoJet Airlines, billed as “the world’s first Electric Airline”, also entered liquidation after just three years, resulting in the cancellation of all planned flights.

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