Cove UK, the umbrella company for several British holiday parks, has gone into administration. This development impacts a total of 11 sites, including eight managed by Argyll Holidays, acquired by Cove UK for £100 million in 2022. Other affected holiday parks are Solway Holiday Park, Gwel an Mor Resort, and Springwood Holiday Park. Administrators are currently evaluating sales options for the business and have notified owners through letters.
If you have a reservation at any of the resorts, administrators advise reaching out to the site manager. The complete list of affected resorts comprises:
– Argyll Holidays
– Solway Holiday Park
– Gwel an Mor Resort
– Springwood Holiday Park
Seal Bay Resort in West Sussex remains unaffected and is operating as usual. Alvarez & Marsal Europe has been appointed to oversee the administration process for Cove Communities Holiday Park UK Holdco Limited (HPUK) and its subsidiaries, which include 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 stated, “Our main focus as administrators is to facilitate a seamless transition and maintain operational stability across the parks. We are committed to ensuring minimal disruption to day-to-day activities. Owners, residents, and holidaymakers should not experience any adverse effects and can contact the site managers for any inquiries.”
A spokesperson for Cove UK confirmed, “Administrators have been appointed for Cove Communities Holiday Park HoldCo Limited and its subsidiaries, affecting multiple holiday parks across the UK. Seal Bay, our flagship resort within the Cove UK group, remains unaffected by the administration and continues to operate normally for our guests and owners. Our primary goal is to serve our customers and execute our long-term strategy. We are grateful for the ongoing support from our employees, owners, and customers.”