Wales’ largest holiday coach operator, Diamond Coach Holidays has gone into administration.
A sign outside its Cardiff premises says the company had ceased trading and was seeking an administration order.
An administrator is expected to be appointed on Friday afternoon for the company which has a workforce of around 70.
The Swansea-based company organises trips around the UK and Europe.
Diamond Coach has 80,000 people on board annually but it’s still unclear what will happen to the thousands of customers who have booked holidays through the firm for the coming year.
The firm’s depot is at the Swansea enterprise park but it also has two shops – one in Cardiff and one in Swansea.