ATOL Franchise

  • ABTOT Introduces Enhanced ATOL Franchise Scheme

    ABTOT becomes the first ATOL Franchise in the UK to offer a Hybrid Solution combining Trust/Escrow and bonds.

    ABTOT is also the only approved body to provide licensable (ATOL) and non-licensable (non-ATOL) bonding.

    The ABTOT ATOL Franchise Hybrid Solution is designed to cater to the requirements of:

    • Larger SME ATOLs and,
    • existing ATOL Holders who segregate customer funds and are looking for greater flexibility through Escrow Accounts and a bond – a hybrid solution.

    The ABTOT ATOL Franchise Bonding solution is for:

    • SME Travel Organisers seeking alternatives to the SBA and Standard ATOL

    ABTOT ATOL Franchise bonding

    ABTOT can provide ATOL Franchise Membership supported by an unsecured bonding solution from an insurer or a secured bonding solution from a bank with applicants charged an annual premium based on their financial strength. Applicants’ suitability will depend on their requirements and companies’ financials.

    ABTOT ATOL Franchise Trust and Escrow Accounts  

    Our Trust and Escrow Accounts offer a streamlined and compliant process supported by an experienced team and a powerful reporting tool.   

    This reporting tool, designed for bespoke solutions, offers:

    • comprehensive data analysis and reporting, ensuring  CAA reports are not only manageable but reliable.   
    • Intuitive dashboards enable ATOL Holders to navigate claims management with ease.

    Hybrid Solution: Escrow Account with an Insurance backed bond.

    The hybrid solution combines the benefits of the bond and the Escrow Account. Providing ATOL holders segregating customer money flexible solutions on releasing funds, paying suppliers and merchant acquirer cover.

    In collaboration with PT Trustees (PTT) ABTOT’s Trust and Escrow Accounts signify a robust partnership aimed at redefining industry standards.

    PTT’s bespoke software system provides leading edge and AI enabled tailored solutions that manages client data at a granular level, minimising client’s workload, whilst assessing and reporting risk to clients and stakeholders.

    ABTOT ATOL Franchise Criteria and Pricing

    • Unlike other ATOL options, there is no mandatory requirement for an ATOL Reporting Accountant, saving businesses additional costs and administrative burdens.
    • Quarterly APC declarations via ABTOT. 
    • ABTOT ATOL Franchise holders benefit from the ABTOT minimum paid-up share capital requirement of £10,000, ensuring financial stability and credibility.
    • The application process for a new Franchise Member has a lower initial fee compared to the Small Business ATOL application.
    • Escrow and Trust Account administration fees on request.   

    Overall, the ATOL Franchise provided by ABTOT provides a comprehensive and cost-effective solution for travel organisers seeking ATOL licensing and financial protection for their customers, with streamlined processes and ongoing support from the ABTOT team.

    Contact us to find out more

    ATOL Franchise FAQs
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    Email the team Call the team on 0207 065 5313

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