ONE of Australia’s best known operators of school and university tours has been placed into administration, with liquidators Richard Lawrence and Richard Albarran from accounting firm Hall Chadwick appointed to Antipodeans Abroad this month.
The company was founded in 1991 and its website says it expected to take more than 2,000 students overseas this year to about 30 destinations.
Antipodeans Abroad operated a range of programs including High School Expeditions, Schoolies Unearthed and University Placements, taking participants off the beaten track and featuring hands-on community projects as part of each trip.
The company was headed up by Lachlan Bunn, who said COVID-19 had dealt a “fatal blow” to the company after its insurer, Lloyds-backed 360 Accident and Health, declined to renew its policy.
Financial statements signed by Bunn indicate unsecured creditors amounting to $1.945 million, plus employee entitlements of $360,000, with the company having just $322 in the bank.
Antipodeans Abroad had commenced court action against its insurer, according to Seven News, but the outcome and progress of the case is uncertain.
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Source: traveldaily