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Sale of Moffat holiday park saves business and jobs

Corporate Finance

| July 30th 2013

More News by Kirstie Provan

Sale of Moffat holiday park saves business and jobs

A 79 acre holiday park near Moffat in Dumfries and Galloway has been sold out of administration by Begbies Traynor , securing the future of the business and safeguarding all jobs.

The facility consists of two adjacent parks, Craigieland Country Park and Loch View Park.

Craigieland provides a mix of over 100 static caravan holiday homes and lodges, plus facilities for motor homes, touring caravans and tents. The site includes amenities including a bar, restaurant, shop and children’s play area. The park enjoys a woodland setting and features a six acre loch fully stocked with trout for course fishing, and nearby golf and tennis facilities.

Loch View is an adjoining site offering potential for expansion of the park with the addition of further holiday lodges.

Following an accelerated sales process, Kirstie Provan and Paul Dounis of Begbies Traynor were appointed joint administrators of Craigieland LLP on 26 July 2013 and immediately sold the business to Beattock Country Parks Limited.

Kirstie Provan of Begbies Traynor said: “We were brought in to conduct an accelerated sales process and were quickly able to identify a purchaser. The holiday park continued trading while a buyer was sought and it was important that the sale was concluded swiftly, ensuring there was no disruption to residents and to preserve the value of the business.

“Not only has the sale secured the jobs of the staff, but it has also given the business a brighter future in the hands of an experienced and well funded management team who have exciting plans to take the business forward.”


About the author

Kirstie Provan

Partner

Meet our Team of Experts

Kirstie joined Begbies Traynor in February 2009 after spending 3 years with Landsbanki Commercial Finance, where she was responsible for sourcing and structuring pan-global Asset Based Finance transactions (deal values £5-50m per transaction).  Prior to that Kirstie spent 8 years at Baker Tilly in the recovery and insolvency team, during which time she qualified as an Insolvency Practitioner in 2003.  Kirstie has extensive knowledge and experience of the insolvency, private equity and asset based lending markets and has a wide range of contacts and business relationships which she has developed during her career.

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