On March 4 2025, Jimmy Saunders and Mike Lennon of KR8 Advisory were appointed Joint Administrators of ResortHoppa (UK) Limited and its affiliated companies. After a thorough marketing process, KR8 Advisory successfully sold the group’s business and assets to Elife, a US-based global ground transportation provider.
Although the business had navigated the challenges of the Covid-19 pandemic, which heavily impacted the travel sector, a recent slowdown in bookings coupled with supplier difficulties led to short-term financial issues.
Jimmy Saunders, Managing Director at KR8 Advisory, commented: