Q&A:The lowdown on Lowcostholidays and what happens next

What happens next with Lowcostholidays. Here are your questions annwered.

What’s going on with Lowcostholidays?

Lowcostholidays was a UK budget travel agent. It relocated its headquarters to Spain in 2013, and had staff in London, Poland, and Switzerland. Its subsidiary, Lowcostbeds, only booked accommodation. Last Friday, Lowcostholidays announced that it was ceasing trade immediately, and placed into receivership.