The founders of adventure and solo travel specialist Flash Pack have vowed to return next year after placing their business in administration owing to the effects of the coronavirus crisis.
In a post on the Flash Pack website on Wednesday (4 November), Radha Vyas and Lee Thompson revealed they had remortgaged their home to save the business.
They said the decision to place the business into administration would help existing customers get a refund as soon as possible.
"Like many travel businesses, the Covid-19 pandemic has had a devastating impact on Flash Pack," the pair said.
"The industry has been hit hard, affecting group travel aimed at solo travellers particularly badly.
"We’ve spent every day of the last seven months searching for ways that would allow Flash Pack to continue, from funding to furloughing.
"And, although we know travel will return, continuing to search for a viable solution with no clear idea of when this will happen is now too great a risk."