Travel Company buys Cyberes subsidiary
The UK travel management firm, The Travel Company, has bought Corporate Travel International (CTI) after it entered into administration last week.
CTI was a subsidiary of Cyberes plc, the agency technology provider which folded last week due to cashflow difficulties.
Hull-based CTI operates from seven branches in the North of England. The Travel Company managing director Mike Walley said the acquisition will strengthen his company’s presence in the north. The Travel Company currently has five business travel centres in London and the Thames Valley and 35 “electronically linked implants” throughout the rest of the UK and Ireland.
He added: “After these few days of uncertainty for CTI clients we will provide a seamless transition into the Travel Company and together will enhance the services provided.”
According to Steve Ellis, joint administrator at PricewaterhouseCoopers, which handled the deal, most of the staff that were made redundant will be offered their jobs back.
The PricewaterhouseCoopers Business Recovery Services division handled the deal. Its aim is to help rebuild and recover value trapped in under-performing and troubled businesses.
Report by Ginny McGrath
Ginny McGrath
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025