Cove UK, the parent company overseeing multiple holiday parks in the UK, has gone into administration. This development impacts a total of 11 sites, including those managed by Argyll Holidays, which were acquired by Cove UK for £100 million in 2022.
Among the affected holiday parks are Solway Holiday Park, Gwel an Mor Resort, and Springwood Holiday Park. Administrators are currently evaluating options for selling the business and have informed owners through letters about the situation.
For individuals with upcoming bookings at any of the resorts, administrators advise reaching out to the site manager for further guidance. The list of resorts impacted by this includes:
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 associated subsidiaries.
The administrators from Alvarez & Marsal Europe emphasized the importance of ensuring a smooth transition and maintaining stability across the parks. They assured that day-to-day operations will continue with minimal disruptions and encouraged owners, residents, and holidaymakers to contact site managers with any queries.
A spokesperson for Cove UK confirmed the appointment of administrators for Cove Communities Holiday Park HoldCo Limited and its subsidiaries, affecting several holiday parks in the UK. However, Seal Bay, the largest resort under Cove UK, is not part of the administration process and is operating normally for guests and owners.
The focus remains on serving customers and executing the long-term strategy, with appreciation expressed for the ongoing support from employees, owners, and customers.