November 12, 2010
Brean Pontin's jobs 'safe for now' despite firm's woes
at Pontin's holiday park in Brean have been reassured their jobs
are safe for now, despite the firm going into administration on
Friday evening (November 12th).
chain of holiday camps announced it had called in administrators
after suffering badly during the economic downturn.
Its five parks, which include Brean Sands, will keep trading
as normal, accountancy firm KPMG announced and no redundancies
have been made among Pontin's 850 staff. The company says it is
optimistic that the "iconic British brand" still has
Pontin's Chairman Graham Parr said in a statement on Friday evening
that the business was profitable but had been a victim of the
credit crunch and had gone into administration because its bank
had withdrawn its support.
"The business is strong, it's going really well - we have
3,000 holidaymakers staying with us this weekend," he said.
"But the bank has simply said it is not prepared to support
our credit facilities any more. It's very annoying and the most
non-sensical business situation I have ever been involved in."
Pontin's was established in 1946 and its first park was the one
at Brean. At its height, it owned more than 30 parks. It was bought
by Oceans Park for £46m in 2008.
The administrators have set up a helpline number for customers,
which will be open from Monday 15 November. It is 0844 576 8481.