Specialist tour operator Holidaybreak has appointed KPMG to search for potential buyers for several subsidiaries as it seeks to focus on its education division.
Superbreak – short-stay trip organiser – and Explore – adventure holidays provider – could both be sold, as Holidaybreak centres on its residential outdoor education and its PGL brands.
However, camping division - which operated under the Eurocamp and Keycamp brands - would not part of the sale.
It may be sold off at a later date.
The decision comes at a difficult time for the organisation, which posted wider than expected losses earlier this year.
For the six months ended March 31st, headline pre-tax losses widened to £19.2 million from £17.7 million pounds last year.
Revenue fell seven per cent to £139.6 million.
Chief executive, Martin Davies, issued an upbeat statement at the time.
He said: “In the meantime, all of our businesses are being managed tightly, with a focus on cash generation, margin and cost control and we expect to perform in line with our expectations for the year ending September 30th.”