Mon, 19 Dec 2016 | ADMINISTRATION
Administrators appointed to a collapsed holiday and residential park operator are seeking a buyer for the business.
Lifestyle Living UK, one of the biggest independently-owned park operators in the country, is to trade as a going concern and will operate as normal, FRP Advisory said.
The operator, which largely caters for the over-50s market, has parks across Suffolk, Norfolk and Cumbria and employs about 50 people, is understood to have suffered a squeeze in income, the Times reported.
Jason Baker, joint administrator and partner at FRP Advisory, said interested buyers have already been in touch. “We have engaged with interested parties and invite others to make early contact,” he said.
“Our priority is to maintain the day-to-day operations of the caravan parks to ensure that customers and users continue to enjoy the products and facilities offered by Lifestyle Living.
“We continue to trade the business and ensure that the holiday and residential parks operate as normal while actively marketing the business for sale.”
While news of Lifestyle Living UK’s administration is cause for concern, some commentators have suggested that Brexit will lead to a 'staycation' boom following sterling’s drop. This has led some overseas firms to eye UK caravan parks and campsites, expecting an increase in demand for holidays in Britain.
Recently, for example, Canadian private equity house Onex Corporation is understood to have paid £1.35 billion to acquire Parkdean Resorts, Britain’s largest caravan park operator. The deal will give Onyx ownership of 73 holiday parks in England, Scotland and Wales.
Contact the administrator here
Find the latest businesses in administration.
Extensively developed platform, generating a consistent stream of revenue from affiliate agreement commissions and contracted advertising packages. The company compares trading platforms operating in forex, stocks, crypto and commodities. Fully reloc...
RELOCATABLE
A great opportunity to take on a respectable electrical control panel manufacturer in Hampshire is now available to the market. High end technology. Registered ECA member. Commercial client base. Skilled team of staff. Excellent reputation. Offers in...
LEASEHOLD
Offers required by August 26th, 2020 - 6:00pm. Established in 1971, this North London based coach company operates a fleet of 14 executive/luxury coaches (7 of which are unencumbered) with seating for up to 70 passengers, and 1 wheelchair accessible...
|
07
|
|
Aug
|
Wrexham-based wire firm falls into administration | ADMINISTRATION
Wire manufacturer Wrexham Wire has fallen into administratio...
|
06
|
|
Aug
|
Leading UK tour operator Ski Weekends enters administration | ADMINISTRATION
One of the UK’s leading ski tour operators Harris Holi...
|
05
|
|
Aug
|
Pizza Express puts itself up for sale and looks to close 67 outlets | BUSINESS SALE
Pizza Express has announced that it is seeking a buyer for i...
Sign up to receive our acquisition alert emails to get your FREE guide
|
20
|
|
Jul
|
Buyer sought for sports bar chain | ADMINISTRATION
FRP Advisory are seeking a buyer for Rileys Sports Bar, afte...
|
29
|
|
May
|
Monsoon Accessorize close to administration | ADMINISTRATION
Fashion retailer Monsoon Accessorize is close to entering ad...
|
09
|
|
Apr
|
Long Eaton furniture manufacturer enters administration | ADMINISTRATION
Long Eaton-based furniture group JDP Furniture has entered a...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources