PricewaterhouseCoopers have been appointed as liquidators of Goldtrail Travel to investigate the reasons for the operator’s failure.

Rob Hunt and Ian Oakley-Smith of PwC have taken over from Begbies Traynor, who were initally appointed as administrators when the Turkey operator failed in July.

Oakley-Smith said: “This is an unusual appointment as PwC were not appointed administrators when the company failed and was placed into administration on 16 July 2010.

“We have been appointed by the creditors, largely to understand the reasons behind the company’s failure at the start of the summer holidays, traditionally not a time when tour operators or travel agents fail.”

The liquidators will be holding a meeting of creditors and will contact creditors shortly with the details.