Omega Travel collapse sparks investigation
Travel agency Omega Travel has collapsed less than two months after its Atol licence was suspended.
Begbies Traynor has been appointed liquidators of the £300 million turnover travel company.
An urgent investigation is underway to recover more than £20 million owed to creditors.
The company launched in 1965 and specialised in travel to and from the Far East.
It is based in Milton Keynes, and also had branches in London, Manchester, Birmingham and Edinburgh.
Turnover recorded last year was £298,989,588.
Paul Stanley and Dean Watson, of Begbies Traynor, have been appointed as joint compulsory liquidators.
Stanley, regional managing partner, said: “The official receiver appointed us as liquidators within 24 hours of the winding up order being issued. This demonstrates the urgency of action being taken and the magnitude of the numbers involved.