A Plymouth business which runs overseas diving trips has been resurrected after collapsing into administration when Covid travel restrictions meant more than £3m had to be refunded to customers.Blue 02 Ltd, which traded as Blue O Two and was based at Sandy Court, Langage, folded, blaming the coronavirus pandemic for causing “the greatest challenge in 18 years of trading”. Over the course of the pandemic, refunds totalling more than £3m were made to customers and without investment the business faced closure, which would have resulted in more than 3,000 customers being impacted.
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But the brand has been saved by a pre-pack deal for the non-licensable part of the business, with Scuba Tours Worldwide Ltd, which shares two of Blue O Two’s directors, now trading as Blue O Two. It means jobs are protected and the sale of the non-licensable part of the business helps to provide continuity for about 1,700 customers. The majority of the company’s customers will therefore be unaffected by the administration and sale, with their booking simply transferring to the new owners. All other customers will be able to claim a refund for their booking through either their ATOL protection or their cre …
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