Cove UK, the overseeing company of multiple holiday parks in the UK, has gone into administration. This impacts a total of 11 sites, including those managed by Argyll Holidays, which were acquired by Cove UK for £100 million in 2022. Other affected holiday parks consist of Solway Holiday Park, Gwel an Mor Resort, and Springwood Holiday Park. Administrators are currently exploring options for selling the business and have informed owners through letters.
For individuals with upcoming bookings at these resorts, administrators advise reaching out to the site manager directly. The list of affected resorts includes:
Seal Bay Resort in West Sussex remains unaffected and is operating as usual. Alvarez & Marsal Europe has been appointed to oversee the administration process for Cove Communities Holiday Park UK Holdco Limited (HPUK), along with its subsidiaries: Cove Communities Venture 2 Gwel an Mor OpCo Ltd, Cove Communities Venture 2 Solway OpCo Ltd, Cove Communities Venture 2 Springwood OpCo Ltd, and Cove Communities Venture 2 Argyle OpCo Ltd.
Alvarez & Marsal Europe stated, “Our main focus as administrators is to ensure a smooth transition and maintain stability throughout the parks. We are striving to uphold day-to-day operations with minimal disruption. Owners, residents, and holidaymakers should not experience any adverse effects and can reach out to site managers with any inquiries.”
A spokesperson from Cove UK mentioned, “Administrators have been appointed to Cove Communities Holiday Park HoldCo Limited and its subsidiaries, affecting several holiday parks across the UK. Seal Bay, our largest resort under the Cove UK group, operates independently and serves guests and owners as usual. Our primary objective remains to cater to our customers and implement our long-term plans. We are grateful for the ongoing support from our staff, owners, and customers.”