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

Independent Microbrewery
South West, UK

Produces a core range of high quality craft beers, alongside numerous occasional beers to suit all tastes and evolving trends. Offers invited.

Asking Price: Offers Invited
Turnover: £1,650,000

Adult Toys Online Retailer
East Anglia, East of England, UK

This online business delivers high quality branded adult toys at very low prices. It has a vast data base of ongoing and historic customers. New business enquiries are at an all-time high. Offers invited.

Asking Price: £479,000
Turnover: £1,100,000

RELOCATABLE


Event Management
Northamptonshire, UK Wide

Event Management Company Based in Northamptonshire. An excellent commercial location. Offers invited.

Asking Price: £1,015,000
Turnover: £397,533

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
17
 
Oct
 

IT distribution company enters administration | ADMINISTRATION

Beta Distribution, a specialist IT services and distributor ...

 
04
 
Sep
 

E-commerce company acquires beauty product manufacturer | BUSINESS SALE

In a deal valued at roughly £60 million, online retail...

 
31
 
Jan
 

Administration could prompt sale for fashion retailer East | ADMINISTRATION

Popular fashion retailer East has fallen into administration...

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