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Home » News » Investigation uncovers shocking details of Tempo/Bentours collapse

Investigation uncovers shocking details of Tempo/Bentours collapse

A preliminary investigation into the collapse of Tempo Holidays and Bentours has found that the company traded while insolvent.

According to the report by administrator Laurence Fitzgerald of accounting firm William Buck, seen by Travel Weekly , Tempo Holidays Pty Ltd (which traded as Tempo and Bentours) was likely insolvent from 26 June 2019, before collapsing in late September.

The administrator found that the primary reason for the collapse of Temp Holidays was “the drain on its cash resources through Cox & Kings Group and its inability to recover loans receivable from related entities within the group, which had increased by [approximately] $17.26 million in the 18 months prior to our appointment”.

Tempo Holidays suffered a number of cash flow issues in the lead-up to its collapse. Among them was Flight Centre withholding approximately $1.9 million in customer payments from the company and American Express withholding around $789,000 in customer payments.

The report noted that despite Tempo Holidays being handed an advanced payment of roughly $3 million from its New Zealand subsidiary, it wasn’t enough to keep the company afloat.

Furthermore, the administrator’s review discloses three creditors that may have received payments that were “preferential in nature” totalling approximately $171,000 in three separate transactions.

Tempo Holidays’ statement of financial performance shows that the company was in fact a profitable one, with revenue climbing approximately 14 per cent in the year ending 31 March 2019.

The company’s revenue was roughly split 65 per cent for the Bentours brand and 33 per cent for Tempo.

According to the administrator, approximately $38.5 million is owed to unsecured creditors, while the total amount owing for employee entitlements is an estimated $1.2 million.

In a quarterly trading update yesterday, Helloworld Travel said it expects to incur net costs of under $1 million in relation to the collapse of the two Cox & Kings-owned brands.

Another interesting revelation in the report is that the administrator is still trying to sell the business, with 21 parties expressing interest, and 17 of those signing an NDA to access further information.

From those 17, William Buck received three non-binding indicative offers, and agreed to enter a period of exclusivity with its preferred bidder.

“The preferred bidder has been provided with a limited period to complete further due diligence,” the administrator said.

A second creditors meeting is set to take place on Monday in Melbourne, where the future of the company will be decided by a vote.

Email the Travel Weekly team at [email protected]

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The fastest and easiest way you can gain tons of distance and accuracy...was discovered completely by accident.

Watch the quick video below:

As seen in...

How Pros "Barely Swing," but Hit the Ball a Country Mile

Have you ever noticed how Tour Players CRUSH the ball, even when it looks like they're swinging easy?

Dumb question, I know. We've all noticed this at one time or another.

Well, the reason pros can bomb the ball effortlessly is because...

All Great Golfers Have One Thing in Common:

Hi, I'm John Novosel, Jr., and I'm proud to say my dad was part scientist, part teaching pro, and one of the brightest minds in golf.

One day, while analyzing a Tour pro's swing, he stumbled upon something amazing:

He noticed the pro's backswing took exactly three times as long as the downswing.

In other words, a 3-to-1 ratio.

Intrigued, we grabbed a video of Tiger Woods and noticed the same 3:1 backswing-to-downswing ratio.

And tha t's when we had our Eureka! moment.

We spent the next several days watching every video we could find of the world's greatest golfers including...

Jack Nicklaus...

Gary Player...

Arnold Palmer...

Sam Snead...

Tom Waston...

Byron Nelson.

Guess what?

They were all 3 to 1.

Yes, their swing motions were very different, but...

Nearly Every Great Golfer Has this "Magical" 3:1 Backswing-to- Downswing Ratio

This includes today's stars such as...

Scottie Scheffler

24:8 Tempo = 3:1

Wyndham Clark

18:6 Tempo = 3:1

21:7 Tempo = 3:1

Yes, some pros have faster swings...

And some have slower swings...

But virtually ALL of them have a 3:1 backswing-to-downswing RATIO.

In other words, the same TEMPO.

When we analyzed the swings of "amateur" golfers, you can guess what we found:

Yep, their tempos were all different — no consistency.  

So we started documenting all this and...

Our Discovery Became a New York Times Best Seller...

...And Yale University Scientists Verified Our Results

About eight years after we published our book...

Scientists at Yale University published their own independent research paper called, "A Biomechanical Understanding of Tempo in the Golf Swing."

They discovered, like us, that the backswing-to-downswing ratio for nearly all great golfers is 3:1.

Yes, every time and for every player, including...

Tiger Woods 3:1

Jack Nicklaus 3:1

Ben Hogan 3:1

Gary Player 3:1

Sam Snead 3:1

Rory McIlroy 3:1

Ricky Fowler 3:1

Phil Mickelson 3:1

Louis Oosthuizen 3:1

Annika Sorenstam 3:1

Henrik Stenson 3:1

Ian Poulter 3:1

Ernie Els 3:1

Greg Norman 3:1

Most Importantly... the 3:1 Tempo Works Wonders for "Regular" Golfers Like You!

You're probably thinking, "I'm not a pro golfer. Why do I care what THEIR tempo is?"

Because the 3:1 tempo works for everyone.

"Regular" golfers who have tried it are saying this...

"So many bad habits disappear on their own...my body is finally working as one."

"Unbelievable simple concept results in wonderful gains on the course."

— Tracey S.

"Gave me one of those 'light bulb' moments...flushed my 4-iron off the tee. They were all dead straight."

"The simplicity really is quite amazing."

"This may be the golden key...so basic, but so essential"

"Immediately started playing better...and I've been playing for 40+ years"

"The 'missing link' I thought I would never find...distance and accuracy."

"Removes the mechanics...frees up your body to respond with a tempo that delivers power and balance."

"My index dropped from 22 to 15.6...amazing all golf coaches don't put this at the top of their lists."

"Instantly picked up accuracy and distance...drives were 20+ yards longer."

This Isn't Shocking to Golf's Great Players and Coaches, Who Said This about Tempo...

"You can correct the errors in your swing by correcting the tempo."

— Jack Nicklaus, 18-Time Major Champion

"Tempo is the glue that sticks your golf swing together."

— Nick Faldo, 6-Time Major Champion

"One of the easiest things you can do right now to start hitting better shots is improving the quality of your rhythm."

— Jeff Ritter, Golf Digest #1 Coach in Oregon

So, How Do YOU Learn the Perfect 3:1 Tempo?

For a long time, even the best-of-the-best golf instructors have said...

"You can't really teach great tempo."

And they were right.

Using older methods, it was a hard concept to learn.

That's why my dad and I invented a NEW way for you to achieve perfect tempo:

Introducing...

The tour tempo app.

"Hear" Your Way to Perfect Tempo

Here's how it works:

The Tour Tempo app plays audible "tones."

1. Start your backswing on the first tone...

2. Start your downswing on the second tone...

3. Make impact on the third tone.

Yes, it's really easy...and REALLY effective!

Let Me Show You in This Quick Demo...

As you can see in the video, it's OK if you have a faster or slower swing speed...

Tour Tempo has faster tones (18:6) and slower tones (30:10) to suit you...

But they all get you into the magic backswing-to-downswing RATIO of 3:1.

Improves Your Short Game, Too!

Not only does Tour Tempo adjust the speed of the tones to match your swing...

It also adjusts so you can use it to build a bulletproof short game.

That's right: during our research, we noticed that tour pros also have the same tempo with pitches and chip shots...

But it's a 2:1 backswing-to-downswing ratio.

Yes, Swing Problems DISAPPEAR When You Have the Right Tempo!

When you get your tempo right, everything else falls into place.

You immediately get...

✅ Effortless and powerful ball striking

✅ The proper swing plane

✅ Automatic timing and rhythm

✅ The perfect release

And by focusing on tempo, you do NOT need to worry about...

❌ What starts your backswing?

❌ What starts the downswing?

❌ What should your arms and legs be doing?

❌ Where should your head be?

❌ What is the proper weight shift?

You can also stop bouncing from one swing theory to another.  Finally!

So, Does Tour Tempo Really Work?

"Thanks to John Novosel's research...we know virtually all good golf swings are built on a 3-to-1 ratio."

"20 more yards...the new 3-to-1 swing speed ratio for perfect, powerful tempo."

"Perfect score...Tour Tempo is scientifically proven, it’s easy to use, and it will help you in every facet of the game...the results are amazing: longer, straighter shots."

"Improvement the very first time you take it to the range...There's not a single golfer who should not have it."

And Here is What Golfers are Saying...

"This thing works. Dropped 7 strokes off my game in 2 weeks. If you haven’t given this a shot you are doing yourself a disservice."

"This is unbelievable, really amazing. Better ball contact both with the long game and the short game. I am really impressed."

"The best training aid that I have bought or used in my golfing career."

— J. Miller

"It works like magic. I highly recommend this product"

"PW through 5i have picked up at least 20 yards and my driver now back to ~250!!!"

"I've never hit so many pure shots in a row...From short irons to driver, it worked."

100% Money-Back Guarantee

My Promise to You:

Tour Tempo will make the biggest and fastest improvement to your golf game you've ever seen...period.

If I'm wrong, you can easily request a refund from the store where you purchased Tour Tempo:

Apple App Store: Request a refund and choose, " My purchase doesn’t work as expected."

Google Play Store: You can "request a refund within 48 hours of your purchase."

Get the Tour Tempo App Here

If you're interested, here's more about me (john novosel, jr.).

I am a Kansas-based golf instructor and co-creator of Tour Tempo with my father.

Tour Tempo is the best selling book and 5-star app that helps THOUSANDS of golfers improve their games by modeling the swing rhythm and tempo of tour players.

In addition to Tour Tempo, I have patented or co-patented 4 golf training aids...

I authored the book, Tour Tempo Force, which hit #1 on Apple for all sports.

I have also given thousands of "speed lessons" to golfers of all abilities, from beginners to major champions...

And have presented my concepts on Tempo, Speed and Power around the globe including seminars with...

• PGA of America

• PGA Sweden

• PGA Holland

• PGA Germany

• World Golf Fitness Summit

I have certifications with TPI, SSC Golf, and my own certification program for Tour Tempo Speed Instructors.

Most importantly...I love helping regular golfers like YOU play better and have more fun!

Now, You Have a Decision to Make...

You can do nothing, leave this page and give up on ever having the great golf swing you KNOW is inside you...

You can continue to hit weak shots or slice, chop and chunk the ball every time you play golf...

And try to make yourself feel better by using the tired old joke about being, "consistently inconsistent."

You can try Tour Tempo and finally learn what a great and NATURAL golf swing FEELS like...

And start playing the longest, straightest, most consistent, most satisfying and most FUN golf of your life.

Frequently Asked Questions

What is the Tour Tempo App?

It's an iPhone and Android app that plays audible tones in the proven tempo to play your best golf.

How Does it Work?  

When you match the three main parts of your swing (start, top, downswing) to match the rhythm of the tones, you instantly achieve the optimal 3:1 backswing-to-downswing ratio that virtually all great players share.

Is There Any Proof this Works?  

Yes. Our discovery of the "3:1 ratio" became a New York Times best-selling book and our findings were independently verified by some very smart scientists at Yale University. Oh, and there are THOUSANDS of rave reviews from the media and golfers playing the best golf of their lives.

Is this for My Long Game or Short Game?

Both! The app plays tones in the 3:1 ratio for your long game, and the 2:1 ratio for your short game.

Does it Come with "How To" Videos?

Yes. The app contains videos on "getting started" and how to get the most out of Tour Tempo.

Does this Work for Any Swing Speed?

Yes! Tour Tempo helps you achieve the perfect RATIO of backswing-to-downswing for ANY swing speed.

Is there a Money-Back Guarantee?

Yes. You can easily request a refund from the online store where you purchased Tour Tempo. According to the Apple App Store, go to "Request a Refund" and choose, " My purchase doesn’t work as expected." The Google Play Store policy says you can, "request a refund within 48 hours of your purchase."

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