Joe Walsh Pilgrimtours place up for sale by liquidator

Joe Walsh Pilgrimtours Ltd has been put up for sale as section of a provisional liquidation of the company.

The business, which trades underneath the brand name names Joe Walsh Tours, Concorde Journey and Pilgrimages Abroad, declared previous month that it experienced ceased investing.

It cited the State’s recent vacation limits and a failure to agree a payout on company interruption deal with with its insurer as the major causes for its decision to shut its doors following 50 a long time in small business.

The business, which utilized 30 people today, had not traded since March past year, whilst it experienced stayed open to approach refunds and rebookings.

An advertisement in Friday’s Irish Times, put by joint provisional liquidator Andrew O’Leary of KPMG, flags the sale of the small business as an “excellent business opportunity”.

It describes the enterprise as a “well-proven Irish journey provider for holidays and pilgrimages from Ireland and the UK”.

It is unclear nevertheless if a very likely buyer has been lined up or what type of price tag the team could appeal to.

The Higher Court very last month appointed liquidators to the operator. The court docket read its business had been devastated by the pandemic and experienced, considering that past year, been pressured to halt all its prepared tours.

The tours were originally postponed but, as the pandemic progressed, it was not feasible to rearrange them. The company concluded it could no extended continue to be in enterprise and passed a resolution that it be wound up, the court read.

In 2020 the firm recorded losses of €7.5 million. The bulk of its 3,000 collectors are people today who experienced booked and paid out for excursions. They are owed some €5 million.

It is envisaged that these prospects, several of whom are older men and women, will get their money back again by making applications to the Commission for Aviation Regulation.