A team of administrators has been appointed to investigate why Brighton Holiday Homes closed suddenly leaving customers and clients out of pocket.
Paul Zalkin and Maxine Reid of business advisory firm Quantuma have been appointed as joint administrators of the company which specialised in short-term holiday lettings in the local area.
This follows action taken by a major creditor after the business closed unexpectedly on 29 May. The reasons for the failure of the business are not known.
Paul Zalkin, Joint Administrator at Quantuma said: “Our immediate focus will be to contact the company’s directors so they can assist us in managing communications with customers who have been left out of pocket, with no explanation as to what has happened to their bookings.
“We will robustly investigate the company’s financial affairs and the circumstances leading up to its failure.
“At this early stage the situation is uncertain, but we will endeavour to secure the most positive outcome possible under difficult circumstances.”
The company is owned by Michelle and Neil Stonehill of Chesham Street, Brighton.