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Last Updated: Monday, 9 February, 2004, 17:29 GMT
Travel firm hit by soccer crisis
Keane made an emotional departure from Livingston
Mr Keane said current customers would not lose out
A holiday company run by the former Livingston FC chairman has gone into liquidation after being caught up in the club's financial crisis.

Strathmore Travel, which trades as Dr Holiday, called in liquidators just days after the stricken football club went into administration.

The Glasgow firm, which has 35 staff around Scotland, is chaired by former Livingston chairman Dominic Keane.

Mr Keane said no customers would lose out as a result of the liquidation.

Mr Keane has invested a significant amount of money in the travel firm's 14 outlets over the last year.

A change in my own personal financial position following the events leading to the administration of Livingston Football Club prevent me from being able to provide future additional financial support
Dominic Keane
But following the financial troubles at the SPL club Mr Keane said he could no longer afford to support the company.

He said: "I regret to confirm I have requested the appointment of a liquidator for Strathmore Travel Group, trading as Dr Holiday.

"The group's expansion in 2003 coincided with a downturn in the travel trade internationally. I have personally invested a substantial amount of capital over the last 12 months to support the group's operations.

"Unfortunately a change in my own personal financial position following the events leading to the administration of Livingston Football Club prevent me from being able to provide future additional financial support."

Holiday protection

The West Lothian club was placed in administration earlier this week with debts of about 10m.

Mr Keane continued: "After taking appropriate counsel from my advisers and in protecting the primary interests of our customers and creditors the appointment of a liquidator is the appropriate course of action to take in the circumstances."

Harry Paton of Milne Craig Corson Chartered Accountants is to take on the role of liquidator.

Mr Keane insisted that Dr Holiday customers would not lose out, saying: "The travel group is fully bonded with the Association of British Travel Agents (Abta) and they have been advised of the decision.

"Under the Abta bond scheme, holiday-makers are fully protected and will not be disadvantaged in any way."


SEE ALSO:
Bank pledges SPL support
05 Feb 04  |  Livingston
Keane hands over control
04 Feb 04  |  Livingston
Keane confirms staff cuts
04 Feb 04  |  Scot Div 1



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