Goldtrail Holidays director Abdulkadir Aydin has returned to the UK to meet with administrators Begbies Traynor, according to reports.
It is thought Aydin has been overseas since the firm collapsed last month, with speculation that he was in the Ukraine.
Aydin is understood to have met Begbies Traynor last week to discuss the collapse, according to the Independent.
Begbies is expected to present proposals to creditors later this month.
No-one from Begbies was available for comment.