ONE of the UK’s largest cruise retailers has gone out of business, ABTA confirmed on Monday.

Cruise Control, which accounted for 16% of the UK market, had hoped a £4 million rescue package announced on Friday would be enough to save the company which is believed to owe between £8 million and £10 million.

However that deal collapsed and ABTA, which had been involved in negotiations with Cruise Control last week, confirmed on Monday that the firm was unable to meet its liabilities and had ceased trading.

All passengers booked on a cruise bought through Cruise Control have been told their holidays should be safe and anyone currently on a cruise will be able to carry on with their trip. Customers who have booked but not yet sailed have been advised to contact their cruiseline or tour operator directly.

ABTA also said associated company Cruise Egypt has also ceased trading and all inquiries about this should go through the Civil Aviation Authority because it is not an ABTA member but is an ATOL holder.