An Australian travel company selling heavily discounted international holidays has collapsed, leaving customers scrambling and their plans in disarray.

Today, liquidators were appointed to melbourne-based agency AVG Travels, which promoted cut-price flight and tour packages to destinations across the world.

It followed days of growing concern for customers who had reported their tours being cancelled or placed “under review” just days before departure, first reported by the ABC last week.

insolvency firm McGrathNicol has been appointed liquidator, taking control of the company’s operations as it assesses what can be recovered for customers and creditors.

In a statement, McGrathNicol said it had “assumed control of AVG Travels’ affairs” and was “undertaking an urgent review of AVG’s financial position and business operations to determine the best course of action to preserve value for stakeholders”.

Ongoing operations have been suspended and customers will be contacted about their bookings, it added.

It is not yet known how many travellers have been affected across the company’s tours, which include destinations across Asia, Europe, Africa, the Middle East and the Americas.

Frustrated travellers demanding answers and refunds turned up…