It has come to our attention that recently a charity fundraising partner used by many Students’ Unions, Student Adventures, has gone into liquidation and is ceasing to trade.
I understand there is a lot of confusion around this announcement and this is a great shock for so many who wanted to fund-raise for some amazing charities and experience something new.
Unfortunately at the moment the information coming through currently is not at all clear. This may continue to be the case until they have met with their administrators but we are hoping to get a clearer picture of the situation.
We understand that as it stands, students currently overseas with Student Adventures will continue their trips as scheduled, with no changes to their planned itinerary. We are awaiting this to be confirmed in writing.
We’ve been passed on information from Student Adventures confirming and student due to fly out from today forward have had their flights cancelled. So this means that no participant will now have the option of flying out and attempting the treks alone.
The call line for Student Adventures has been diverted to a call centre answering service. For more information, you should contact Student Adventures’ Accountants, Smith Cooper, who have said that they are currently in the process of contacting people who are likely to be affected by this announcement. Read their full statement.
We have been informed that if you have any questions you can contact Louis Good at Smith Cooper on his direct line; +44 (0) 115 945 4300.
ATOL are currently assessing everything at the moment and have said that whilst some cases will be covered, there will be some that will not. They hope to have information up on their website by the end of today to give everyone more information about this – please keep checking this website for information.
We’ve also been made aware that a formal statement will be released by Student Adventures today, and that all students should receive an email and SMS with more information. In addition to that, all creditors will receive a letter early next week informing them of the situation and that there will be a creditors meeting in Nottingham on 23rd September.
Under a managed process by Smith Cooper the liquidation process will be concluded and creditors where possible will be reimbursed.
Students’ Union have been quick to respond this morning and below are some actions that have been taking place:
Contacting the charity partners, who are currently working tirelessly to support the students with the situation. They will be able to give advice and information about the treks that your students are currently on.
Contacting all students that are due to fly out over the next few days and weeks, keeping them up to date with as much information as possible. Students and your fundraising societies shouldn’t deal with this on their own, support from students’ unions will be crucial in dealing with this situation.
Keeping us updated, we are currently trying to pull as much information together as possible and we really appreciate you sending through any information you’re receiving. Thanks to those who are already doing so. My contact details are below, please feel free to get in touch with myself or for press advice email email@example.com.
In the meantime, we will endeavour to find out as much information as possible and keep everyone updated as soon as we can.