Every UK travel organiser selling flights, flights and accommodation or flights with other travel services is required to hold an ATOL, which stands for Air Travel Organisers Licence. ATOL is a government-run financial protection scheme operated by the Civil Aviation Authority (CAA).
ABTOT ATOL Franchise offers more benefits than the Small Business ATOL (SBA).
ABTOT ATOL Franchise Holders can carry up to 1,000 passengers per year and up to £5m revenue passenger turnover. They benefit from reduced application fees and APC payments and do not need to appoint an ATOL Reporting Accountant.
They also benefit from the ABTOT minimum paid up share capital requirement of £10k.
Whereas if applying direct to the CAA for a SBA the CAA requires:
SBA Holders to carry a maximum of 500 pax and limits passenger revenue to £1m. The SBA holder has to appoint an ATOL Reporting Accountant and the minimum paid up share capital requirement is £30k. Additional financial security may also be required such as a bond or trust account segregation of monies.
Under the ABTOT ATOL Franchise, applicants may require additional bonding for their flight inclusive packages, subject to underwriting assessment.
The ABTOT team will help with your ATOL application and quarterly declaration submissions and as the ABTOT ATOL Franchise is guaranteed by travel bonds, the administration is simple and straightforward enabling you to focus on selling holidays not constantly declaring them.
ABTOT: Single point of contact for ATOL, Travel Bonding and Merchant Acquiring Facilities.
Steve Berry, MD, Mountain Kingdoms Limited
“Mountain Kingdoms Ltd are very pleased to yet again receive renewal of our membership of ABTOT. We have been members for a great many years and in all that time we have received the most friendly, prompt, and excellent help from the team at ABTOT. We were particularly pleased when they instigated a franchise scheme with ATOL, meaning that since then they have assisted greatly with the job of renewing our annual ATOL license. Long may we continue being members.”
“I have known the team at ABTOT for a number of years and we applied to ABTOT because of the positive reputation they were amassing.
I have to say the communication was first class from start to finish and they worked with us on on our tight deadlines. For me, the association works with tour operators to help them comply with the Regulations.
I can’t recommend ABTOT highly enough”
Contact the ABTOT TeamEmail the team Call the team on 0207 065 5313
Request Call Back