The Super Break brand name has been sold for £150,000, new financial documents reveal.
Administrators KPMG accepted an offer for the failed short-breaks specialist in October last year.
A progress report published on Companies House this week stated the Intellectual Property Rights of the Super Break name had been sold for £150,000 on October 17. The buyer has not been revealed.
KPMG had previously said the brand’s assets were valued at almost £2.1 million.
More:Super Break administrator accepts offer for operator’s assets
Super Break went into administration on August 1, along with parent company Malvern Group and sister brand Laterooms.com.
Super Break’s debts totalled £50 million, £46.6 million of which was owed to India-based Yes Bank.
The bank has been paid back £1.4 million, according to the most recent progress report.
Payments to preferential creditors (employees) of £61,653 have also been made.
“Based on current estimations, it is uncertain whether there will be a dividend to unsecured creditors,” the report stated.
There were more than 900 creditors, most of which were hotels.
Meanwhile, the assets for sister brand Late Rooms, including its brand name and social media accounts, have been sold for £750,000, according to a separate progress report for the former hotel booking site.