Parkdean Holidays
Encyclopedia
Formed in November 1999 with a management buyout
of Trecco Bay Holiday Park in Wales for £21.4 million. Parkdean Holidays is a UK family holiday park operator that works on a buy and build strategy, currently owning 24 parks throughout the UK and have recently been awarded "UK Holiday Park Operator of the Year" for 2010.
In March 2001 Parkdean bought a further three holiday parks in the South West of England (Challaborough Bay, West Bay and St Minver) and four in Scotland (Grannie’s Heilan Hame, Nairn Lochloy, Strath Tummel and Sundrum Castle) for a combined cost of £15.5 million. This month also saw the opening of a central office in Newcastle.
March 2002 saw Parkdean Holidays acquire Ruda Holiday Park in Croyde North Devon, which is home of the GoldCoast Oceanfest surfing festival. Two months later Parkdean Holidays was floated on the Alternative Investments Market of the London Stock Exchange
.
One year later in May 2003 White Acres and Sea Acres Holiday Parks in Cornwall were obtained for a combined £18.5 million.
March 2004 saw Parkdean Holidays buy Southerness Holiday Park in Scotland for £5.3 million with a further five parks obtained in October (Warmwell, Cherry Tree, Torquay, Wemyss Bay and Pendine Sands) for £41.8 million.
In July 2007 Parkdean Holidays bought Weststar Holidays for £83 million. Weststar Holidays have 4 holiday parks in the South West including Mullion and Looe Bay in Cornwall, Sandford in Dorset and Hayling Island in Hampshire.
Pendine Sands is a small holiday park situated in the tiny village of Pendine
in Carmarthenshire
, Wales
. This park was previously operated by British Holidays, which was sold in 2004
Management buyout
A management buyout is a form of acquisition where a company's existing managers acquire a large part or all of the company.- Overview :Management buyouts are similar in all major legal aspects to any other acquisition of a company...
of Trecco Bay Holiday Park in Wales for £21.4 million. Parkdean Holidays is a UK family holiday park operator that works on a buy and build strategy, currently owning 24 parks throughout the UK and have recently been awarded "UK Holiday Park Operator of the Year" for 2010.
History
In July 2000 Parkdean Holidays acquired an additional three parks in Cornwall: Newquay, Holywell Bay and Crantock Beach for a combined cost of £4.2 million.In March 2001 Parkdean bought a further three holiday parks in the South West of England (Challaborough Bay, West Bay and St Minver) and four in Scotland (Grannie’s Heilan Hame, Nairn Lochloy, Strath Tummel and Sundrum Castle) for a combined cost of £15.5 million. This month also saw the opening of a central office in Newcastle.
March 2002 saw Parkdean Holidays acquire Ruda Holiday Park in Croyde North Devon, which is home of the GoldCoast Oceanfest surfing festival. Two months later Parkdean Holidays was floated on the Alternative Investments Market of the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.
One year later in May 2003 White Acres and Sea Acres Holiday Parks in Cornwall were obtained for a combined £18.5 million.
March 2004 saw Parkdean Holidays buy Southerness Holiday Park in Scotland for £5.3 million with a further five parks obtained in October (Warmwell, Cherry Tree, Torquay, Wemyss Bay and Pendine Sands) for £41.8 million.
In July 2007 Parkdean Holidays bought Weststar Holidays for £83 million. Weststar Holidays have 4 holiday parks in the South West including Mullion and Looe Bay in Cornwall, Sandford in Dorset and Hayling Island in Hampshire.
Holiday Parks in England
- Newquay, Cornwall
- Holywell Bay, Cornwall
- Crantock Beach, Crantock
- St Minver, Cornwall
- Sea Acres, Cornwall
- White Acres
- Mullion
- Looe Bay, Cornwall
- Challaborough Bay, Devon
- Ruda
- Torquay, Devon
- West Bay
- Warmwell, Dorset
- Sandford, Dorset
- Hayling Island, Hampshire
- Cherry Tree, Norfolk
Holiday Parks in Scotland
- Grannies Heilan Hame
- Nairn Lochloy
- Tummel Valley, Perthshire
- Sundrum Castle, Ayr
- Southerness, Solway Coast
- Wemyss Bay, Renfrewshire
Holiday Parks in Wales
Pendine Sands is a small holiday park situated in the tiny village of Pendine
Pendine
Pendine is a village in Carmarthenshire, Wales, United Kingdom lying on Carmarthen Bay.- History :The village consists of two parts: the old hill-top settlement around the parish church, and the small harbour settlement on the shore. The latter developed into a small seaside resort during the...
in Carmarthenshire
Carmarthenshire
Carmarthenshire is a unitary authority in the south west of Wales and one of thirteen historic counties. It is the 3rd largest in Wales. Its three largest towns are Llanelli, Carmarthen and Ammanford...
, Wales
Wales
Wales is a country that is part of the United Kingdom and the island of Great Britain, bordered by England to its east and the Atlantic Ocean and Irish Sea to its west. It has a population of three million, and a total area of 20,779 km²...
. This park was previously operated by British Holidays, which was sold in 2004