Cove UK, the parent company of multiple holiday parks in the UK, has gone into administration. This development impacts a total of 11 sites, including eight managed by Argyll Holidays, which Cove UK acquired for £100 million in 2022. Other affected holiday parks are Solway Holiday Park, Gwel an Mor Resort, and Springwood Holiday Park. Administrators are currently assessing sale options for the business and have notified owners about the situation.
If you have a booking at any of the resorts, it is advised to reach out to the site manager. The resorts involved in the matter are:
– Cove Communities Venture 2 Gwel an Mor OpCo Ltd
– Cove Communities Venture 2 Solway OpCo Ltd
– Cove Communities Venture 2 Springwood OpCo Ltd
– Cove Communities Venture 2 Argyle OpCo Ltd
Seal Bay Resort in West Sussex remains unaffected by the administration 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.
The administrators stated, “Our primary focus is to ensure a seamless transition and maintain stability at the parks. Day-to-day operations will continue with minimal disruptions. Owners, residents, and visitors should not experience any negative impacts and are encouraged to contact site managers with any queries.”
A spokesperson for Cove UK confirmed, “Administrators have been assigned to Cove Communities Holiday Park HoldCo Limited and its subsidiaries, affecting several holiday parks across the UK. However, Seal Bay, our flagship resort, is operating normally and remains independent of the administration process, catering to guests and owners as usual. Our commitment lies in serving our customers and executing our long-term strategy. We are grateful for the ongoing support from our employees, owners, and customers.”