Well known Somerset caravan business goes into administration

Somerset Caravans, based at Walford Cross on the outskirts of Taunton, has been placed into Administration after severe cashflow problems arising from the general economic climate made it impossible to continue.

Ian Walker and John Kelly of national business rescue and recovery firm Begbies Traynor have been appointed Joint Administrators. Ian Walker, Partner at the firm’s Exeter office, says,

“Somerset Caravans is a well-known, long-standing Somerset business, which has traded profitably from a great location on the outskirts of Taunton, next to the proposed new junction with the M5. Difficulties experienced in related areas of production and supply caused rapid and severe cashflow problems, but it is our intention to find a buyer for the business as a going concern. It is a good business which offers not just caravans but a whole range of camping supplies, and therefore is in a position to take advantage of the growing trend for family camping and caravanning holidays in the South West.”

The business employed 21 people, 16 of whom have been retained while the Administrators look for a buyer.