A CHAIN of holiday parks in the UK has gone into administration, affecting 11 resorts across the country.
Cove UK is one of Britain’s biggest caravan park operators, behind Parkdean and Wyldecrest Parks.
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A number of holiday parks have gone into administrationCredit: TripAdvisor
Cove UK parks affected by the administration include Solway Holiday Park in Cumbria, which had space for 1,600 pitches, as well as Gwel an Mor Resort in Cornwall.
Eight holiday parks run by Argyll Holidays – with a combined 1,800 pitches – are also affected.
This is due to Argyll Holidays being bought by Cove UK for £100million in 2022.
This includes:
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- Drimsynie Holiday Village
- Hunters Quay Holiday Village
- Loch Awe Holiday Park
- Loch Eck Caravan Park
- Loch Eck Country Lodges
- Loch Lomond Holiday Park
- St Catherines Caravan Park
- Stratheck Holiday Park
Springwood Holiday Park, not part of Argyll Holidays, has also been affected.
Administrators Alvarez & Marsal Europe have been called in to Cove Communities Holiday Park UK Holdco Limited (HPUK).
This also includes three subsidiaries – Cove Communities Venture 2 Gwel an Mor OpCo Ltd, Cove Communities Venture 2 Solway OpCo Ltd, and Cove Communities Venture 2 Springwood OpCo Ltd.
Of Alvarez & Marsal Europe LLP, Adam Paxton, Rob Croxen and Ben Cairns have been appointed as joint administrators to Cove Communities Venture 2 Argyle OpCo Ltd, another subsidiary.
However, they have confirmed that holidaymakers will not be affected as the parks are currently closed for the season.
Adam Paxton, managing director, said: “As administrators, our priority is to ensure a smooth transition and maintain stability across the parks.
“We are working to ensure day-to-day operations continue with minimal disruption.
“Owners, residents and holidaymakers should not be impacted, and can contact the site managers with any questions they may have.”
They confirmed they would trade the company under the joint administrator’s supervision whilst “sale options are explored”.
The letter stated: “Please be assured that our priority is to ensure the continued smooth operation of the holiday parks and to keep homeowners and residents informed as matters progress.
“Going forward, all payments for site fees and any other services should no longer be made to the previous bank account.”
Seal Bay Resort in West Sussex is not being affected.
A Cove UK spokesperson told Sun Travel: “We confirm that administrators have been appointed to Cove Communities Holiday Park HoldCo Limited and its subsidiaries, and this affects a number of holiday parks across the UK.
“Seal Bay, our largest resort under the Cove UK group, is not part of the administration process and continues to trade as normal for our guests and owners.
“Our focus remains on serving our customers and executing our long-term strategy. We appreciate the continued support of our employees, owners and customers.”
Many caravan owners have been left gutted by the news, with one calling it an “end of an era”.
Another said: “Really worrying news. Biggest financial mistake we’ve made is buying a caravan there.”
Holiday parks have become popular for more than 100 years, with the first opening in 1894 on the Isle of Man.
However, many have since run into disrepair or been forced to close, following the rise in cheap package holidays abroad.
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Back in August, Baltic Wharf Caravan and Motorhome Club site, on Bristol’s harbourside, closed after 47 years.
And back in April Pontins Pakefield Holiday Village closed after 80 years.
Holidaymakers are not currently being affectedCredit: Landal Greenparks
