The travel company, GBCE Ltd (trading as Student Adventures) has ceased trading and gone into liquidation. An acronym for Great British Charity Events, the company specialises in charity events and challenges overseas, like climbing Mount Kilimanjaro, Tanzania in aid of Meningitis Research Foundation.
Thousands of students planning to go on trips over the next few weeks and months now have nowhere to go, with their fundraising efforts at a standstill. Many charities could also lose out on thousands of pounds as challenges have been cancelled.
A group of 40 students even got so far as the airport to only find out by email that the travel company had gone bust. The company stated they would not be able to support the group once they reached their destination of Tanzania.
Those students already abroad on challenges can continue and are being supported by the charities until they return home.
Students who booked before the company’s ATOL licence was revoked should be able to receive a full refund as the company was covered by the ATOL scheme.
Smith Cooper appear to have been appointed as administrators but they have yet to make a statement.
More information to follow.