The long-haul operator’s trademarks attracted 42 expressions of interest and two offers were received, both totalling £250,000 plus VAT, administrators David Rubin & Partners revealed in a six monthly update.
The price was far higher than the initial estimate of £60,000-£154,000.
Abercrombie & Kent Group bought the name, and separately, the assets, from administration last December, retaining Cox & Kings as a trade brand.
Cox & Kings UK’s Indian parent was suspended by Iata in June after defaulting on its billing and settlement plan. The UK business operated under a separate Iata licence and remained fully operational amid Cox & Kings India’s financial difficulties.
However, the UK division appointed administrators to seek a new owner amid concerns over Cox & Kings India’s finances.
The report also confirms funds will be available for unsecured creditors. Claims totalling £25.5 million from 11 creditors “have yet to be established”, the report said. So far, two creditors have claimed £101,000.
