January 28, 2011
Pontin's owner saves hundreds of jobs at Brean holiday park
jobs of hundreds of staff at Brean's Pontin's holiday park have
been saved with the announcement that the company has been bought
by Britannia Hotel Group.
KPMG announced on Friday (January 28th) that Pontin's five
parks, where were put into administration last
November, have been saved.
Britannia Hotel Group operates 36 hotels across the country and
has pledged to keep the Brean site fully operational.
Hundreds of staff at the Brean Sands holiday park have been nervously
watching the developments over the last three months.
"We are delighted that we have been able to rescue the great
British institution of Pontin's. It holds a treasured place in
the hearts of many people and it represents an important part
of our shared heritage," said Britannia's Alex Langsam.
"Our extraordinary buildings are enjoyed by ordinary people.
This is a formula that has given us a thriving and sustainable
business over the years and we are thrilled to be given the opportunity
to work the same magic with Pontin's."
Rob Croxen, restructuring director and joint administrator at
KPMG, said the sale to Britannia as a going concern was a "fantastic
Ten individuals, private equity houses, property developers and
trade buyers had all expressed an interest in taking on Pontin's.
The holiday firm was launched in 1946 when Fred Pontin opened
his first holiday park in Brean.