Wigan coach holiday firm seeking financial help

Bosses at a Wigan-based coach holiday firm are continuing to hold talks and seek financial support as they try to secure its future.
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Last month it was reported that advanced discussions were taking place with several potential buyers for Shearings.

But just a few days later Sky News reported that parent company Specialist Leisure Group had filed a notice of intention to appoint administrators to a number of subsidiaries, including Shearings.

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Shearings’ chief executive Richard Calvert has now said that efforts continue to save the firm.

Shearings is based in WiganShearings is based in Wigan
Shearings is based in Wigan

In a statement, he said: “The travel industry has been severely affected by the impact of Covid-19 and the inability to operate any holidays on government instruction.

“Specialist Leisure Group is actively in dialogue with its stakeholders, advisors and the Government regarding options, which include the sourcing of financial support to enable the company to weather the storm of Covid-19.

“Our objective is to protect the interests of our customers, staff and commercial partners, and I would like to thank everyone for the truly amazing messages of support during these difficult times.”

If the firm becomes insolvent, 2,600 jobs could be at risk.

Shearings has already furloughed many of its employeesShearings has already furloughed many of its employees
Shearings has already furloughed many of its employees
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Shearings has been badly affected by the pandemic and many of its staff have been placed on furlough.

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