Luxtripper Limited - Administration

Luxtripper Limited, a London-based luxury tour operator, entered administration on 27 October, with Chris Farrington and Simon Jagger of ReSolve appointed as joint administrators. The appointment follows an accelerated merger and acquisition process, which aimed to find rapid rescue funds or a buyer for the business. Due to the company's difficult cash position and the very tight rescue timeframe, the best outcome achievable in the circumstances has been an asset sale, which will be concluding in the coming days.