The September 2020 ABTA and ATOL renewal process

If you’re an ABTA member or ATOL holder and are due to renew your licence or membership this September, we’ve put together three areas that may want to think about whilst going through the process. In this video, TTC Director Simon Brodie gives his thoughts on the criteria requirements, including the balance sheet impact of the Thomas Cook failure and Covid-19. He also discusses the impact of Brexit and what you need to think about in relation to bonding. 

If you need any help renewing, please get in touch. 

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Changes to the furlough scheme – announced 29 May 2020

Last week, further details on the furlough scheme were announced. Here’s a rundown of the key points:

        • From 1 August 2020, employers will have to pay National Insurance contributions and pension contributions
        • From 1 September 2020, the government will only reimburse 70% of an employee’s salary (up to a maximum of £2,190). Employers are required to contribute 10%
        • From 1 October 2020, the government will only reimburse 60% of an employee’s salary (up to a maximum of £1,875). Employers are required to contribute 20%

Furlough infographic

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The COVID-19 crisis is rapidly evolving and the Government's response and the details of support on offer are continuously changing. We'll be updating our posts regularly to ensure our analysis and advice remains as accurate and useful as possible. To receive the very latest information as we release it follow us on LinkedIn.  If you have any questions in the meantime, please get in touch. 

Chargebacks and Section 75 – guidance for the travel industry

During the current Covid-19 pandemic, many customers are choosing to seek a refund for their cancelled holiday via a chargeback or Section 75 of the Consumer Credit Act 1974, claim. There are however many reasons why you should be defending these claims. Here we explain the difference between the two types of claim and provide some top tips on how to challenge a chargeback.

Chargeback infographic

If you would like more information or a copy of a template letter please get in touch and we’ll be more than happy to help.

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The COVID-19 crisis is rapidly evolving and the Government's response and the details of support on offer are continuously changing. We'll be updating our posts regularly to ensure our analysis and advice remains as accurate and useful as possible. To receive the very latest information as we release it follow us on LinkedIn.  If you have any questions in the meantime, please get in touch. 

TTC advises Ski Solutions on its buyout by Mobeus Equity Partners

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4 September 2017

Ski Solutions the London-based luxury winter sports travel experts, has attracted over £6 million investment from Mobeus Equity Partners as part of a secondary management buyout.

Travel Trade Consultancy advised Ski Solutions on the regulatory structuring of the transaction.

Craig Burton, CEO of Ski Solutions: “Having worked with Martin and Matt at The TTC since the original MBO of Ski Solutions in 2010, I knew I could trust in them to help guide us through the complex regulatory requirements which come with private equity backed buyouts. Martin’s experience in this area is second to none, and I have been grateful for his contribution within our broader advisory team.”

Ashley Broomberg, Partner of Mobeus: “We see this as an exciting platform investment enabling us to bring the Ski Solutions luxury experience, including expert advice and excellence in client service, to a much broader range of activity holidays. The company caters to a very attractive demographic of affluent customers who are increasingly looking for active holidays, with comfort which are tailor- made to their requirements.”

Martin Alcock Director of the Travel Trade Consultancy: “As long standing partners of Craig and the Ski Solutions team, it was a pleasure to work with them through the regulatory requirements and to help them execute this transaction within their tight completion timetable.

We wish Craig and his team every success in the latest chapter of their extraordinary growth story.”