Collapsed travel firm known for Italy and France holidays given new lease of life

The London-based firm has gone into administration after seven years, and has been bought out, meaning it'll operate under a new name

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By Natalie King, Travel Journalist

03:38, Wed, Aug 12, 2026

The firm offered trips to Italy (Image: Getty)

A London-based travel firm has entered administration. The travel company, which was incorporated in June 2019, traded under a number of brands and appeared to specialise in unique experiences such as river cruises, Italy and France holidays, and Northern Lights trips.

The company collapsed into administration on May 14 and was recently listed as an ATOL failure. However, the firm has now been bought out of administration by The Travel Network Group (TTNG), meaning itll now operate with a new company name and business entity, according to Travel Weekly.

[A woman spending time in the Tuileries Gardens]

The buy out means customer bookings should not be affected (Image: Getty)

TS Travel Realisations Ltd previously traded for nearly seven years, and used the names TS Tours, Tripsmiths Travel, Tripsmiths Tours, and TS Travel. It also owned the websites tripsmiths.com and ts.tours.

TTNG has now bought the businesses and assets from Moorfields, the administrators, and say that existing bookings and future tours are to proceed with no disruption expected for customers.

Former chief executive Charles Starmer-Smith told Travel Weekly: Despite the growth of our agency and operator arm, TS Travel, the impact of Covid and the challenging trading conditions across the wider business, coupled with declining search traffic and circulation among our partners, resulted in the businesses entering administration.

[Man exploring streets of Le Panier in Marseille]

The company offered holidays in France and Italy (Image: Getty)

However, all holidays will proceed as planned and no customers will be affected, with all bookings continuing to be protected through the Travel Trust Association.

He added: We are delighted that The Travel Network Group has acquired the businesses as they will provide the support, expertise and trade partnership opportunities that will enable the business to thrive and expand the range of its hand-crafted expert-led tours which offer something truly unique in the travel market.

TS Travel Realisations is not the first travel business to collapse into administration this year. Earlier this month Ilford-based firm Yourtravelshop.com who offered Islamic-based faith trips went out of business. While in May Travel Bespoke Ltd, owner of brands such as Ski Bespoke, Chalet Bespoke, and Spa Bespoke, was also listed as an ATOL failure, meaning it had gone into administration.

[Woman checks airline schedule at airport.]

A number of travel firms have gone bust this year (Image: Getty)

If youre stranded overseas when a travel firm enters administration, and it has an ATOL number, then you should be protected and usually ATOL will try to keep your holiday running as usual. If there are flight cancellations, ATOL may step in and arrange flights to repatriate Brits.

ATOL has information on its official website about making a claim, including the types of holidays covered, and what to do if you have a booking for a future trip. Holidaymakers should also ensure they have adequate travel insurance as soon as they book a holiday as this can help cover unexpected expenses caused by the cancellation that may not be covered by ATOL.

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