Gareth Prince, Mark Malone and Joanne Hammond of Begbies Traynor have been appointed joint administrators, with the company expected to be placed formally in administration on or before 16 February.
All outstanding trips have been cancelled, and no further bookings will be taken.
All customers with Tucan bookings will be contacted by email by 5 February with details of how they can make claims for any monies paid to Tucan.
Tucan’s Australian entity has also been placed in voluntary administration, with Andrew Barnden or Rodgers Reidy in Sydney appointed administrator.