Travelzest, owner of Peng has had its shares suspended after a shares issue failed to gain the £5.7 million to pay its debts and the cost of closing Holiday Express, another of its companies.

The BBC website reports that “the firm said there was a ‘material risk’ of insolvency.

Travelzest in in talks to find funds to pay £2 million of debt due to be paid in November.

We will try to keep naturists informed of the ongoing situation, but advise you should check your insurance protection.