Luxury lodging group enters administration

Sat, 19 Jan 2019 | ADMINISTRATION



An Essex-based company which operates eight luxury lodge parks throughout the South of England has fallen into administration.

Professional services firm Deloitte have been called in to handle the administration process for Walsham Chalet Park Limited, which trades under the name Dream Lodge Group. Restructuring partners Richard Hawes and Rob Harding have been appointed as joint administrators.

The partners cited “immediate funding constraints and seasonality of the business”, as well as a “period of financial pressure” as the reasons for the business entering administration.

Despite this, the administrators have said that the lodges will continue their services whilst a potential sale is being explored.

Hawes said: “[Although] it is no longer possible to continue to operate the business in its existing format […] whilst a sale is explored, all lodge parks will remain operational.”

The Group manages the Lazy Otter Meadows in Ely, Blosson Hill Park in Devon, Woodlands Park in East Sussex as well as The Sanctuary in Berkshire. It attracted the interest of investors with promises of personal use of the lodges, and either a fixed rental income or a profit after three years of operation.

It realised its declining financial situation in October 2018, when auditors from KPMG were invited to find new investment or a buyer for the business.

As a result of the administration, the Dream Lodge Group has told its investors that they will receive a “guaranteed return” on their investment, after costing them millions of pounds due to its collapse.

Potential buyers are invited to express their interest immediately.

Click here to view the Walsham Chalet Park Ltd administration listing for full details.

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Hair & Beauty Salon
Altrincham, UK Wide

Established hair and beauty salon in Altrincham. Main road trading location. Comprehensive website included/ Strong social media presence. Free parking to rear. Offers invited.

Asking Price: Offers Invited
Turnover: £320,000

Cocktail Bar & Restaurant
Manchester, UK Wide

Modern restaurant, cocktail bar based in South Manchester. Fantastic Manchester location. Well equipped and presented. Could suit any cuisine. Offers invited.

Asking Price: £149,995
Turnover: £477,241

Country Pub
Lincolnshire, UK Wide

Now available to the market is this highly regarded, traditional country pub situated in North Lincolnshire. Under current ownership since 2017, the pub has gone from strength to strength, offering premium quality food and drink as well as comfortabl...

Asking Price: £650,000
Turnover: £460,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
12
 
Dec
 

Appello acquires Mevivo Careline | BUSINESS SALE

Living solutions provider Appello has acquired telecare and ...

 
11
 
Dec
 

PiggyBank owner enters administration | ADMINISTRATION

DJS Limited, the parent company of payday lender PiggyBank, ...

 
10
 
Dec
 

MBO at Derby rail sector recruiter | MBO/MBI

There has been a seven-figure management buyout (MBO) at Der...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
11
 
Oct
 

Administrators called in for Links of London | ADMINISTRATION

The most recent company to fall victim to the tough trading ...

 
26
 
Sep
 

Company behind the ‘Boris Bus’ enters administration | ADMINISTRATION

Wrightbus, the manufacturer behind the revived Routemaster a...

 
28
 
Aug
 

Buyer sought for Links of London | BUSINESS SALE

The Folli-Follie Group (FF Group) has announced today that i...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources