Cove UK, the parent company of several holiday parks in the UK, has gone into administration. This affects a total of 11 sites, including eight previously operated by Argyll Holidays, acquired by Cove UK for £100 million in 2022. The other impacted holiday parks are Solway Holiday Park, Gwel an Mor Resort, and Springwood Holiday Park. Administrators are currently exploring potential sale options for the business and have notified owners about the situation.
For individuals with upcoming bookings at any of these resorts, administrators suggest reaching out to the respective site manager. The list of resorts involved in this situation includes the aforementioned locations.
Seal Bay Resort in West Sussex remains unaffected and is operating normally. Alvarez & Marsal Europe has been appointed to oversee the administration process for Cove Communities Holiday Park UK Holdco Limited (HPUK) and its subsidiaries, which comprise 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 emphasized the aim of ensuring a seamless transition and maintaining stability at the parks. They reassured owners, residents, and holidaymakers that operations will continue with minimal disruption, encouraging them to contact site managers with any queries.
A spokesperson for Cove UK confirmed the appointment of administrators to Cove Communities Holiday Park HoldCo Limited and its subsidiaries, impacting various holiday parks across the UK. However, Seal Bay, the largest resort under Cove UK, remains unaffected by the administration process, continuing to operate normally for guests and owners. The company’s main focus remains on customer service and executing its long-term strategy, appreciating the support of employees, owners, and customers.