New business takes over Somerset Caravans' site in Taunton

Turnaround

Ian Walker - Partner | June 20th 2011

County Caravans has acquired the site formerly occupied by Somerset Caravans Ltd at Walford Cross near Taunton.

Somerset Caravans Limited was placed into administration, with Ian Walker and John Kelly of corporate rescue and recovery specialists Begbies Traynor acting as Joint Administrators, in March 2011.

The Administrators stated at the time that their intention was to sell the business as a going concern. Following the administration there was significant interest in the site which culminated in a sale of the assets of Somerset Caravans to County Caravans, successfully completed in May 2011. It is understood that several employees of the previous business have been offered jobs with the new company.

Ian Walker stated that he was very pleased that a sale had been completed in such a short timescale.

Gary Champ, Managing Director of County Caravans, commented that he was delighted to be operating from the site of one of the oldest and best known caravan sales sites in the South of England.

About the author

Ian Walker

Partner

Meet our Team of Experts

Ian joined Begbies in 2000 from Pannell Kerr Forster after practicing insolvency for the previous 20 years with Big Four firms. A member of R3 and a Fellow of the Institute of Chartered Accountants in England & Wales (from which he also takes his Insolvency Licence, he is currently a member of the ICAEW Investigation Committee. Over the years, Ian has dealt with all types of insolvency and at least three recessions. Currently, his practice based in Exeter and Plymouth covers the whole of Devon & Cornwall (including the Scilly Isles), together with as much of Somerset and Dorset as he can get away with! He deals with all types of personal and corporate insolvency and also concentrates on pre- and post-lending review work for all the major lending institutions.