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Administrators Appointed to Cove UK Units, 11 Holiday Parks Affected

Operations continue under Alvarez & Marsal supervision during a sale process.

Overview

  • Alvarez & Marsal appointed Adam Paxton and Rob Croxen as joint administrators to HPUK and several subsidiaries, with Ben Cairns added for one entity.
  • Administrators say day-to-day activity should continue with minimal disruption and advise owners and guests to contact site managers.
  • The affected estate totals 11 parks, including Solway Holiday Park, Gwel an Mor and Springwood, with eight run by Argyll Holidays and nine located in Scotland.
  • The parks are in the winter closed season and will trade under the joint administrators while sale options are explored.
  • Seal Bay Resort in West Sussex is not part of the administration and continues to operate as normal.