Resorthoppa creditor claims exceed £3.8m

The administrators of Resorthoppa have received claims exceeding £3.8 million from unsecured creditors to date, according to their latest progress report, well short of the more than £8 million in claims expected.

However, the administrators make clear there will be no funds to re-pay creditors whatever claims are received.

The report to the end of March follows confirmation of a year’s extension to the administration last month.

More: Resorthoppa had just £343k in assets at time of March failure

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Transfer provider Resorthoppa UK, along with its holding company and two associated subsidiaries, filed for administration in March 2025 following a ‘pre-packaged sale’ for £398,000 to the newly formed Hoppa Group – a company set up in February 2025 by California-registered transfer technology firm Elife Tech.

Resorthoppa majority shareholder Ronaldo Scheepers joined the new group along with managing director Matthew Hall and 17 Resorthoppa employees.

The pre-packaged sale drew criticism from some trade creditors as Resorthoppa had only emerged from a corporate voluntary arrangement to clear its debts four months earlier in November 2024, during which it had repaid £3.28 million to creditors – three-quarters of what it owed.

By the time the company went into administration in March 2025 Resorthoppa’s debts totalled £8.2 million and included six-figure sums owed to 18 transport providers among 471 unsecured creditors. 

The company’s purchaser Elife was among these creditors, owed about £97,000.

Joint administrators James Saunders and Michael Lennon of KR8 Advisory noted in their initial report to creditors that a pre-packaged sale “was the only option available”, having been called into advise the company in February 2025.

Saunders told Travel Weekly: “The process was run in accordance with mandatory best practice guidelines and statute.

"It was subject to external regulatory scrutiny, and the recommendation of a qualified external valuation agent.”

The administrators’ follow-up report in October last year noted they had investigated “possible claims” of “transactions at undervalue”, “wrongful trading” and “transactions to defraud creditors” in line with their statutory obligations.

The latest report notes the administrators subsequently filed “a confidential report with the Insolvency Service” and states there are “no outstanding lines of enquiry”.