Super Break collapsed owing around £50 million, new documents reveal.
Filings on Companies House show the short-break specialist owed £46.6 million to Indian-based Yes Bank which had a 18.5% stake in Cox & Kings India.
Cox & Kings India in turn held a 49% stake in Super Break parent Malvern Group from 2016 until this summer.
The documents also reveal Super Break had a list of more than 900 creditors, largely made up of hotels.
Jumbo Tours is owed £242,000, while rail firms LNER and West Coast Trains are owed £190,000 and £90,000 respectively.
Super Break ceased trading on August 1 after Malvern Group failed to find investment or a buyer.
It collapsed with 400 customers overseas and 20,000 forward bookings affecting 53,000 customers.
A number of agents were left out of pocket for hotel-only bookings which they believed were Abta‑bonded.
Administrators for the operator KPMG have valued the brand’s assets at almost £2.1 million.
Interview: Super Break parent goes into administration
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