Baldwins Travel Director Nick Marks has applied to the Royal Courts of Justice for the business to be wound up.
The hearing will be held in The Rolls Building in London next Wednesday, 25 June, as soon as possible after 10.30am.
Anyone who intends to attend the hearing, either to support or oppose the petition, must inform the court by 4pm on Tuesday 24 June.
Nick, whose family used to own Baldwins prior to its takeover by private equity investors in 2021, registered the winding up petition on 8 May, a month after the company was expelled from ABTA and the week after it lost its IATA accredition, preventing it from selling flights.
On 7 May, the day before the petition was filed, a finance company with loans on three of Baldwins’ 11 shops, appointed receivers to try to recover the money. The shops in Tonbridge, Tunbridge Wells and Tenterden in Kent have since been put up for sale by the lender, Westwood Capital Finance.
Three men involved with the private equity firm that acquired Baldwins in September 2021 were given prison sentences in October 2024 for contempt of court, after shifting ownership of their business, Inc & Co overseas. The move was in breach of freezing orders taken out by Barclays in 2021 to recover more than £13.7 million in loans, which the bank alleges were unauthorised.
