Gift company in fight for survival

Gift company Red Letter Days was said to be on the brink of administration after a number of suppliers stopped accepting its vouchers.

The firm, which sells vouchers for activities from motor racing and hot air balloon flights to bungee jumping, is believed to have called in restructuring specialists.

It was said to have held an emergency meeting to reassure staff it remains solvent - but according to the Sunday Times administration is the most likely option. Nobody from the firm was available to comment.

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