Thu, 20 Nov 2025 | ADMINISTRATION
A group of holiday park businesses operating sites across the UK has fallen into administration. Joint administrators from Alvarez & Marsal Europe have been appointed to five entities within the Cove Communities group.
The entities affected operate the following parks: Gwel an Mor Resort, Portreath, Cornwall; Solway Holiday Park, Lake District, Cumbria; Springwood Holiday Park, Kelso, Scottish Border; and 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 and Stratheck Holiday Park, all in Aryll, Scotland.
Adam Paxton and Rob Croxen of Alvarez & Marsal Europe have been appointed as joint administrators to Cove Communities Holiday Park UK Holdco Limited (HPUK) along with 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.
Paxton and Croxen, along with Ben Cairns (also of Alvarez & Marsal Europe) have also been appointed as joint administrators to another HPUK subsidiary: Cove Communities Venture 2 Argyle OpCo Ltd.
Joint administrator Adam Paxton, Managing Director at Alvarez & Marsal Europe, 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."
Other companies within the Cove Communities group are not affected by the administration and continue to trade as usual. White Horse Caravans Limited, which trades as Seal Bay, said in a statement that it is not impacted by the situation and “is stable and trading normally."
In group accounts for the year to December 31 2023, Cove Communities Holiday Park UK HoldCo Limited reported turnover of around £48.8 million, up from £38.7 million a year earlier, but saw operating losses widen from £11.4 million to approximately £20 million.
At the time, its fixed assets were valued at around £120 million and current assets at £15.3 million. However, its net liabilities amounted to approximately £113.1 million.
Find out how opportunistic buyers can identify and acquire the highest quality distressed assets
Nestled in the heart of Holmfirth, this versatile venue combines a steakhouse restaurant, cocktail bar, and nightclub, attracting a diverse clientele amid a vibrant tourist location.
FREEHOLD
Project Tulip presents a unique opportunity to acquire a well-established coach operator in the scenic region of Dorset, renowned for its robust travel and tourism services.
This is an exciting opportunity to acquire two stunning hotels, operated as a single business, featuring 45 bedrooms along the popular NC500 route.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.