Britons are among 110,000 holidaymakers whose forthcoming trips have been plunged into turmoil as travel website Low Cost Travel Group has gone into administration.

Families who booked trips through the firm face losing hundreds of pounds as the newly-bust firm has admitted most of their hotel stays have not yet been paid for.

Around a thousand customers will also find they have paid for flights which have not been booked and paid for by the firm.

Those who are not be covered by travel insurance will either have to pay for their holiday twice, find alternative accommodation, or cancel their trip all together. Low Cost Holidays is not covered by Air Travel Organisers' Licensing (ATOL), a scheme which protects people who have purchased package holidays, meaning customers are at risk of loosing all their money.

The firm's bosses have assured 27,000 customers who are currently abroad that their flights home have been paid for and that they will be unaffected.