A major holiday park operator has gone into administration, with eleven UK holiday resorts set to be impacted. Sites in Cornwall, Cumbria and Scotland could be affected as Cove UK, one of Britain's biggest caravan park operators behind Parkdean and Wyldecrest Parks, has called in administrators, Alvarez and Marsal Europe.
Solway Holiday Park in Cumbria, which had space for 1,600 caravan pitches, has been affected, as well as Gwel an Mor Resort in Cornwall, and Springwood Holiday Park in the Scottish Borders area of Kelso. Seal Bay in West Sussex, the largest resort under the Cove UK group, is not affected.
Eight holiday parks run by the Scotland-based Argyll Holidays, which was purchased by Cove UK for £100million in 2022 with a combined 1,800 pitches, are also impacted.
This includes: 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.
Holidaymakers will not be affected at present, as the parks are currently closed for the season. However, they have been advised that, going forward, all payments for site fees and any other services should no longer be made to the previous bank account.
Adam Paxton, managing director of administrator Alvarez and Marsal Europe LLP, 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."
The company will trade under the joint administrator's supervision whilst "sale options are explored".
The letter added: "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."
A Cove UK spokesperson confirmed to Sun Travel that administrators had been appointed to Cove Communities Holiday Park HoldCo Limited and its subsidiaries, and this affects a "number of holiday parks across the UK".
They added: "Our focus remains on serving our customers and executing our long-term strategy. We appreciate the continued support of our employees, owners and customers."
One holidaymaker called it the "end of an era", while another said it was "really worrying news" and that buying a caravan there was their "biggest financial mistake".
Cove Communities Holiday Park UK Holdco Limited (HPUK) comprises 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.
Adam Paxton, Rob Croxen and Ben Cairns have been appointed as joint administrators to Cove Communities Venture 2 Argyle OpCo Ltd, another subsidiary.
- 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
- Solway Holiday Park, Cumbria
- Gwel an Mor Resort, Cornwall
- Springwood Holiday Park, Kelso
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