Corporate travel company Moves Travel Group has entered administration in a blow to the travel industry.
Moves provided logistics and travel management for corporate clients, sporting groups and entertainment industry clients from the performing arts, music, fashion, film and television.
The company’s website contains testimonials from clients including Athletics Victoria and Condon Entertainment. It also offered travel packages for consumers for events like horse racing and boxing.
The travel company stopped trading this week with the appointment of David Young and Anthony Elkerton of Pitcher Partners as joint administrators.
“We are reviewing the circumstances leading up to our appointment as administrators and carrying out our investigations of Moves Travel’s affairs, including a review of its financial position and performance,” the administrators said in a statement.
Pitcher Partners said Moves Travel has remitted payment for all tickets issued on or prior to November 12, 2012 and therefore those tickets should not be affected.
From the administrators’ review so far it understands that the majority of Moves Travel’s customers are corporate clients and so may not have made payment for tickets.
“Claims in respect of cancelled tickets that have been paid for by the customer may be available against the Travel Compensation Fund,” the administrators said.
The first meeting of creditors will be held December 13, 2012.
Cara Waters is a former SmartCompany editor. Previously, Cara was a senior reporter for the Financial Times’ website and worked for The Sunday Times in London.
