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National Holidays in administration

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By (user no longer on site) OP   
over a year ago

Sad day National Holidays have gone into administration

Another victim of our economic collapse. I know an employee who is absolutely devasted after driving for them for the last 10 years.

Lots of my friends and family used National Holidays to get away. For some it was extra weekend trips through the year on top of a main holiday abroad. For other people it was one of the few ways they could afford to have a holiday (especially if they don't drive).

KJ x

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By (user no longer on site)
over a year ago


"

Sad day National Holidays have gone into administration

Another victim of our economic collapse. I know an employee who is absolutely devasted after driving for them for the last 10 years.

Lots of my friends and family used National Holidays to get away. For some it was extra weekend trips through the year on top of a main holiday abroad. For other people it was one of the few ways they could afford to have a holiday (especially if they don't drive).

KJ x

"

Its sad to see.

There will be many more to come as this recession takes a grip.

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By *allySlinkyWoman
over a year ago

Leeds

Shearings Holidays was part of this group

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By *ownhouseTwosomeCouple
over a year ago

Birkenhead/Liverpool

I'm sure I've just seen somewhere that Hertz have filed for Bankruptcy too?

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By *hrista BellendWoman
over a year ago

surrounded by twinkly lights


"I'm sure I've just seen somewhere that Hertz have filed for Bankruptcy too?"

Yep they had serious debts anyway though

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By (user no longer on site)
over a year ago


"Shearings Holidays was part of this group"

Yes they are.

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By (user no longer on site)
over a year ago


"I'm sure I've just seen somewhere that Hertz have filed for Bankruptcy too?"

You have....there will be some bargains going through car auctions.

https://www.dailymail.co.uk/news/article-8349487/Hertz-preparing-file-bankruptcy-soon-Friday-night-WSJ.html

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By (user no longer on site)
over a year ago

I was very sad when I heard the new about this yesterday. I have had many a happy holiday with them!!

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By (user no longer on site)
over a year ago


"I was very sad when I heard the new about this yesterday. I have had many a happy holiday with them!! "

My last one was a nightmare...but only because of the person I went with.

Tis sad news as it's the only way many had a holiday...some poor shielded folks will have bugger all to look forward to.

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By *Wman15Man
over a year ago

Altrincham


"I'm sure I've just seen somewhere that Hertz have filed for Bankruptcy too?

You have....there will be some bargains going through car auctions.

https://www.dailymail.co.uk/news/article-8349487/Hertz-preparing-file-bankruptcy-soon-Friday-night-WSJ.html"

Just in the US - UK not affected

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By (user no longer on site)
over a year ago

Obviously they will be going out of business ! What do you expect ?

The green shoot's of businesses will soon start up again in a few years time when this virus as been finally controlled.

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By *luebell888Woman
over a year ago

Glasgowish

That is sad news indeed.

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By (user no longer on site)
over a year ago

The first of many.

It's utter carnage in the hotel, catering, tourism & entertainment sectors - the only reason we haven't seen more bankruptcies yet is the furlough scheme.

Fundamentally, 70 - 80% of these businesses simply cannot function profitably with social distancing in place.

We may tell them they can reopen eventually but I very much doubt many will be in any sort of position to do so.

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By *luebell888Woman
over a year ago

Glasgowish

Alot of small local theatres are in danger of closing too.

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By (user no longer on site)
over a year ago


"The first of many.

It's utter carnage in the hotel, catering, tourism & entertainment sectors - the only reason we haven't seen more bankruptcies yet is the furlough scheme.

Fundamentally, 70 - 80% of these businesses simply cannot function profitably with social distancing in place.

We may tell them they can reopen eventually but I very much doubt many will be in any sort of position to do so."

Sadly it does look like the first of many like you said.

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By (user no longer on site)
over a year ago


"Alot of small local theatres are in danger of closing too."

Yep, no doubt about it. There's no practical way to operate any entertainment venue profitably under social distancing regulations - it just can't be done.

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By *mmabluTV/TS
over a year ago

upton wirral

Tough times many more will go under still I reckon

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By *rFunBoyMan
over a year ago

Longridge

I would not be surprised if they don't "phoenix" and return as with many debt strained companies that do it to clear the decks.

Although sad for employees, it is logical to fold then set up a new "group" at a later date and continue trading as was.

It has been happening for years and guess more so now that debts are spiralling. Suppliers with have to accept a penny on the pound if they are lucky, then have to deal with the new company to recover some of the losses.

Seen it many times, go bust, write off debts, return to supplier who likely won't refuse to supply the new company as they need the money.

There is no logic keeping a dead company afloat bleeding finances.

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By *orkiecplCouple
over a year ago

York

This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA

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By *orthern StarsCouple
over a year ago

Durham


"I would not be surprised if they don't "phoenix" and return as with many debt strained companies that do it to clear the decks.

Although sad for employees, it is logical to fold then set up a new "group" at a later date and continue trading as was.

It has been happening for years and guess more so now that debts are spiralling. Suppliers with have to accept a penny on the pound if they are lucky, then have to deal with the new company to recover some of the losses.

Seen it many times, go bust, write off debts, return to supplier who likely won't refuse to supply the new company as they need the money.

There is no logic keeping a dead company afloat bleeding finances."

We were saying about this to each other earlier. Companies will declare themselves bankrupt then start trading again under a new name. Morally wrong in our book.

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By *ap d agde coupleCouple
over a year ago

Broadstairs


"This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA "
. You are totally right we are heading for very dark days , we will start to feel it October time

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By *heIcebreakersCouple
over a year ago

Cramlington


"This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA "
Rolls Royce Aero Engines are owned by Rolls Royce Holdings, a FTSE 100 company with no connection to the car brand, which BMW bought to make their wankpanzers look classy.

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By (user no longer on site)
over a year ago


"I'm sure I've just seen somewhere that Hertz have filed for Bankruptcy too?

You have....there will be some bargains going through car auctions.

https://www.dailymail.co.uk/news/article-8349487/Hertz-preparing-file-bankruptcy-soon-Friday-night-WSJ.html"

That type of bankruptcy doesn’t end a business or force them to sell off assets. Big US companies use it to re organize their debt. They will emerge from it with less debt and carry on. A lot of big US companies have used it during this crisis

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By (user no longer on site)
over a year ago


"This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA Rolls Royce Aero Engines are owned by Rolls Royce Holdings, a FTSE 100 company with no connection to the car brand, which BMW bought to make their wankpanzers look classy."

Working for Rolls Royce was one of those jobs that people always said was a ‘job for life’. I think this pandemic has shown that that old term simply doesn’t exist anymore. They are a huge employer in Derby and many people we know are currently furloughed awaiting news of who is going to be made redundant. Going to be a lot of people on very good money suddenly out of a job like in so many industries.

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By *ust RachelTV/TS
over a year ago

Horsham

There are a few hotels in eastbourne that are going under due to this, I am sure there will be many others being affected by this.

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By (user no longer on site)
over a year ago


"There are a few hotels in eastbourne that are going under due to this, I am sure there will be many others being affected by this."

National holidays own quite a lot of them.. I think they own the adelphi in liverpool and all the Britannia hotels dotted around the country.

It will hav a big impact.

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By *uttyandbeeCouple
over a year ago

Leeds


"This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA "
You sound like a barrel of fun. Hopefully when the pubs reopen we wont be sat next to you

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By *urocougarCouple
over a year ago

watton


"This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA You sound like a barrel of fun. Hopefully when the pubs reopen we wont be sat next to you "

You won’t be sat next to anyone IF they open really

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By (user no longer on site)
over a year ago

A well as redundancy, another impact is short time working. I know a number of large employers who will be reducing hours and salaries by 20%. Admittedly these are well paid jobs; but that 20% is what you either save or have for the non-essential purchases/finance.

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By *ob Carpe DiemMan
over a year ago

Torquay


"This is only the start of the global economic meltdown tourism,leisure,pubs, restaurants, hotels trains planes buses clubs cinemas and large sporting events all have come under long term threat, when a blue chip companies like rolls royce lay off 9,000 staff when they have the support of a massive company like BMW you know we are in trouble, the great depression of the 1930's lasted till 1941 thats going to look like a pinic in the park, the post covid depression will last for 25 years the whole world will go bankrupt,this could even start another world war USA vs CHINA Rolls Royce Aero Engines are owned by Rolls Royce Holdings, a FTSE 100 company with no connection to the car brand, which BMW bought to make their wankpanzers look classy."

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