Cove UK, the parent company overseeing several holiday parks in the UK, has entered administration. This development impacts a total of 11 sites, including eight managed by Argyll Holidays, which Cove UK acquired for £100 million in 2022. The other affected holiday parks comprise Solway Holiday Park, Gwel an Mor Resort, and Springwood Holiday Park. Administrators are currently evaluating potential sale options for the business and have communicated the situation to owners.
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 involved in the administration process includes Seal Bay Resort in West Sussex, which remains unaffected and operational. Alvarez & Marsal Europe has been appointed to oversee the administration of Cove Communities Holiday Park UK Holdco Limited (HPUK) and its subsidiaries, such as 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 maintaining stability and seamless operations across the parks during the administration process. They assured owners, residents, and holidaymakers that minimal disruptions are expected, encouraging them to reach out to site managers with any inquiries. A spokesperson from Cove UK confirmed the appointment of administrators to the holiday park holding company and its subsidiaries, noting the impact on various UK holiday parks but emphasizing that Seal Bay continues to operate normally.
The spokesperson reiterated the commitment to customer service and long-term strategy execution, thanking employees, owners, and customers for their ongoing support. Owners, residents, and guests are reassured that day-to-day operations are the administration’s top priority to ensure business continuity.