Coach holiday firm Silver Star closure affects 1,500
A coach firm which has been placed in administration says 1,500 people will have had their holiday plans affected.
Silver Star Holidays, which was founded in Caernarfon 93 years ago, blamed difficult economic conditions for having to cease trading.
Managing director Elfyn Thomas has said he and staff were "devastated".
The firm is part of a consumer protection scheme which is working with administrators to refund people who have paid for holidays.
The news that that company has been placed in administration, with the loss of 12 jobs, was announced on Thursday.
The firm is part of a consumer protection scheme which is working with administrators to refund people who have already paid for holidays.
The company says it had 890 bookings when it went into administration.
Annually, the company takes 12,000 people on their holidays.
Fuel costs were another factor in the decision.
"Unfortunately, we are not in a position to fulfil future bookings," said Mr Thomas.
"Our main concern at this point is to reassure all our customers who have paid a deposit or the full amount for a coach holiday, that they will be fully refunded."
Silver Star is a member of the Bonded Coach Holiday (BCH) scheme, and it is working with the administrators to refund monies paid for package holidays.
People wanting to claim a refund for a package holiday should contact the Federation of Passenger Transport (UK) Limited on 0207 2403131.