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Holiday park company in administration owing £244m
A UK holiday park company with sites including Solway Holiday Park in Cumbria has been placed into administration owing £244 million.
Cove Communities Holiday Park UK HoldCo Limited was placed into administration towards the end of last year owing £244 million. The company operated four subsidiaries across the UK, including Solway Holiday Park in Silloth with 46 staff, Scottish sites with 225 staff combined, and a Cornwall location with 97 staff. Creditors have agreed to extend the administration to October 2027. Administrators from Alvarez & Marsal are pursuing a coordinated sales process to sell the business and its assets.
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