Cruise & Maritime Voyages Goes Into Administration

Jul 20, 2020

The British company South Quay Travel & Leisure Ltd. has filed for bankruptcy, this announcement affects the cruise operator Cruise & Maritime Voyages (CMV), a brand of South Quay Travel. All planned CMV cruises have been canceled. Visitors on CMV website can find the following message:

“We are sorry to inform you that South Quay Travel Limited (“SQTL”) – which traded under the name Cruise & Maritime Voyages – was placed into administration on 20 July 2020. Paul Williams, Phil Dakin and Edward Bines of Duff & Phelps Ltd. were appointed Joint Administrators of SQTL. At present the Administrators are evaluating SQTL’s financial position.

The information below sets out specific advice for customers who booked in the UK. This advice varies depending on which holiday and travel arrangements you have booked and how you paid.

SQTL sold mainly cruise packages which are protected by ABTA.

They also sold a small number of flight-inclusive packages which are protected by the CAA’s ATOL scheme.

Please be aware that all bookings that have not taken place are cancelled.”

One month ago Cruise and Maritime Voyages was in emergency talks with potential lenders and investors after a potential loan deal collapsed to secure funding to see it through the coronavirus pandemic. Last week the company made a last-minute rescue financing talks, which didn’t work out. As for now the future of the six ships in the fleet is unknown.