It comes after TTG revealed on Friday that administrators had been called in following the collapse of the group.

Directors had previously been in talks to sell the group’s two main assets, Lowcostbeds and Lowcostholidays, however the deal is understood to have fallen through last Monday, with Brexit blamed for making investors wary.

All 450 employees, including 120 who were based at Gatwick, have been made redundant.

Since news of the collapse emerged, thousands of holidaymakers have been left thousands of pounds out of pocket. Some 27,000 customers were in resort at the time of the collapse, while a further 110,000 were due to travel.

Many said they did not believe their travel insurance would cover them. Abta also said that “most standard travel insurance policies do not include travel organiser failure, however we would recommend you check your insurance policy along with contacting your credit or debit card company, if that is how you paid.”

It added: “If in any doubt, we recommend that you contact your local Citizens Advice or Trading Standards Department (see your local telephone directory).”