Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Sykes continues M&A drive with takeover of North Wales cottage firm

Sykes continues M&A drive with takeover of North Wales cottage firm

Thu, 12 Aug 2021 | BUSINESS SALE



Sykes Holiday Cottages has continued to tap into surging dealmaking in the UK’s domestic holiday sector with the acquisition of North Wales firm Abersoch Quality Homes. The acquisition adds 100 properties to Sykes’ portfolio of nearly 20,000 properties in the UK, Ireland and New Zealand.

Around 2,400 of those properties are in North Wales and the latest acquisition expands Sykes’ offering in the coastal region around Abersoch in Gwynedd. The acquisition comes after the family-owned firm’s founders, Debra and Tim Elvins, decided to step down to focus on other business.

Post-acquisition, the firm, which was founded in 2005, will be managed by Sykes Holiday Cottages’ flagship North Wales brand Menai Holidays. The deal comes less than a month after Sykes announced the acquisition of Suffolk-based holiday cottage letting firm Best of Suffolk.

Sykes has been one of the major beneficiaries of the rise in domestic holidaying during the Covid-19 pandemic, reporting significant increases in bookings for 2020 and 2021.The company has asserted that the increased popularity of “staycationing” will last beyond the end of the Covid-19 pandemic.

Discussing the acquisition of Abersoch Quality Homes, Sykes CEO Graham Donoghue said: "Like Sykes, Abersoch Quality Homes has always focused on providing exceptional accommodation and customer service.

"It's an exciting time for all involved and we're looking forward to supporting the long-term success of Abersoch Quality Homes' 100 properties – shining a spotlight on the holidays available in this beautiful part of the country."


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Hair & Beauty Salon
South East, UK

The ‘Turn key’ opportunity was first established by the owner over 40 years ago, who is now looking to find the right buyer to allow them to retire. The business is a multi-faceted business which offers both hairdressing, barbering, beauty service...

Asking Price: Offers Invited
Turnover: £690,000

LEASEHOLD


Music Production Specialist
UK Wide

Highly reputable independent music production and supervision company providing end-to-end solutions across various applications including music supervision music licensing original score recording composer representation and an internal music librar...

Asking Price: Offers Invited
Turnover: £3,000,000

Luxury Train Holiday Provider
North of England, UK

Bespoke luxury train holidays for private individuals to journey across the UK Europe Asia Southern Africa & the Americas including travel on the famous Venice-Simplon Orient Express (VSOE). Experiencing strong recovery following Covid-19 due to a l...

Asking Price: Offers Invited
Turnover: £979,000


View more businesses for sale

News Search

Latest News

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

 
23
 
Jun
 

Auto Trader completes acquisition of Autorama at nearly 16x gross profits | BUSINESS SALE

Auto Trader has completed the acquisition of new vehicle lea...

 
22
 
Jun
 

Acquisitive ESG consultancy set to be sold | BUSINESS SALE

An acquisitive environmental and sustainability consultancy ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
15
 
Jun
 

Sykes continues diversification with caravan rental firm takeover | BUSINESS SALE

Online holiday accommodation platform Sykes Holiday Cottages...

 
10
 
Mar
 

Sykes Holiday Cottages continues expansion with double acquisition | BUSINESS SALE

Holiday cottage rental group Sykes Holiday Cottages has cont...

 
30
 
Nov
 

Sykes further expands portfolio with Northumberland acquisition | BUSINESS SALE

Sykes Holiday Cottages has added another 500 properties to 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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.