November 16, 2010
Over 40 possible bidders line up to buy troubled Pontin's
than 40 potential bidders have already shown an interest in taking
over crisis-hit Pontin's, including its holiday park in Brean.
in several national newspapers claim an Indian millionaire is
among the dozens of 'serious players' who are considering bids
for Pontin's, which Burnham-On-Sea.com reported last
week has fallen into administration.
Administrators KPMG have this week appointed leisure operators
Bridge Leisure to manage the Brean park, and four others around
the UK, until a new buyer is found.
Dave Costley-Wood, a partner in Manchester-based KPMG, said on
Tuesday (November 16th) that the future for the company is still
"We're going to have to make a handful of redundancies at
the head office in Southport, but there will be no redundancies
at any of the camps," he said.
will be a relief to the more than 200 people who are employed
at Pontin's holiday park in Brean.
Mr Costley-Wood added: "Weve brought in Bridge Leisure
to help us run the sites and will be conducting a sale over the
next two to three months. It will not be a fire sale, it will
be a proper process so the right buyer is found."
He confirmed that around 40 or so people have already shown an
interest in the sites.
"Some would like to take on one or two of them, while others
would like to take them all. These include rival holiday park
operators, property developers and private equity interests."
Indian millionaire Bhanu Choudhrie and his familys investment
vehicle C&C Alpha Group is reported to be among them.
Pontin's was started when Fred Pontin opened the first Pontins
Holiday Park in Brean in 1946. Pontin's was bought by Ocean Parks
for £46m in 2008.
Our photos show TV news crews at the entrance to Pontin's
in Brean this week