Gap Year Travel Company Goes Bust

From the Daily Mail… what do you think???

A gap-year travel firm has gone into administration, leaving more than 150 cash-strapped teenagers stranded overseas, it was reported. Administrators were called into Global Xperience last week after the company – which places travellers on volunteer and adventure projects spanning six continents – fell victim to the recession.

A total of 163 young people on placements across the globe were given the news by letter and email, The Independent revealed.

Trade association body Year Out Group, said in a statement: ‘On March 13, 2009 Stephen Katz and David Birne of Fisher Partners were appointed joint administrators of The Ethical Travel Group Limited, which traded as Global Xperience. ‘

As a result of the administration Global Xperience is unable to fulfil its obligations in regard to future bookings with the company.’

http://www.dailymail.co.uk/travel/article-1163676/Gap-year-travel-firm-goes-bust-stranding-150-teenagers-overseas.html

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