Complete World Travel has ceased trading despite its £5 million annual turnover due to ‘bad debt’, according to reports.

The Warwick-based agency, which was founded in 1995, traded under Remembrance Travel, Broadway Tours and Poppy Travel, and held a small business Atol for up to 500 passengers a year.

Guy Mander, joint administrator commented: “The company has suffered from the various economic and geopolitical issues which have impacted on the travel sector over the last two to three years.

The agency sold flight-inclusive holidays as well as non-air packages and holidays and ski and cruise breaks.