Published: January 28, 2011
New Pontin's owner saves hundreds of jobs at Brean holiday park

The 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.

Administrator 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 result."

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.

 


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