One of the companies behind travel tech firm Snowfall has gone into liquidation with debts of almost £10.5 million, leaving employees and companies in the travel space severely out of pocket. However, the overall organisation continues to operate as Junction following a rebrand and “full reset” last month.
Global Transport Solutions Limited (GTS), which was registered in the UK as Snowfall Services Limited until it was renamed in January, applied to enter liquidation on Thursday last week. The company issued a statement of affairs with Companies House outlining the parlous financial state of the company.
The statement reveals that GTS has a £10.5 million black hole, including more than £1.5 million owed to HMRC in unpaid tax and…
