Holidays cancelled as 11 travel firms collapse with jobs lost

This influx of closures has left holidays cancelled and customers seeking refunds and compensation in several cases. Oxfordshire Travel Limited, which ran coach and passenger land transport services and was initially based in Yarnton near Kidlington, entered creditors’ voluntary liquidation on October 30, 2025, after directors concluded it could not continue trading or meet its…

TV manufacturer Kvant goes bankrupt in Russia

The bankruptcy case was initiated by electronics retailer DNS, which claimed the company owed more than 600 million rubles (about $7.6 million). Another 24 creditors later joined the proceedings. The total claims against Kvant reached nearly 4.15 billion rubles (about $53 million). Major creditors include entities affiliated with Yandex and Sberbank, as well as Sitronics…