Parkdean Resorts
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| Company type | Private Limited Company |
|---|---|
| Industry | Leisure / Holiday |
| Predecessor | Parkdean Holidays Park Resorts |
| Founded | November 2015 |
| Headquarters | Newcastle upon Tyne |
Number of locations | 67 holiday parks in the UK |
Key people | Steve Richards Martin Robinson Ian Kellett Catherine Lynn Judith Archibold |
| Products | Self catering holiday parks |
| Owner | Onex Corporation |
Number of employees | Over 6,000 in peak season[1] |
| Parent | PD Park Holdings Limited group |
| Website | parkdeanresorts |
Parkdean Resorts is a holiday park operator in the United Kingdom.
Parkdean Resorts was formed in November 2015 through the merger of Parkdean Holidays and Park Resorts. Operating 67 holiday parks across England, Scotland and Wales,[2] Parkdean Resorts is currently the largest holiday park operator in the UK.[3]
Parkdean operated 24 holiday parks across South West England, South Wales, Scotland and East Anglia[4] while Park Resorts operated 48 holiday parks across the South and East coast of England, Scotland, Wales and the Isle of Wight.[5] In July 2016 the business acquired Vauxhall Holiday Park based in Great Yarmouth which caters to 80,000 holidaymakers a year.[6]
As of June 2019, Parkdean Resorts' CEO is Steve Richards, taking over from John Waterworth who previously led the business for almost 20 years.[7]
History
Legacy brands
Parkdean Holidays was formed in November 1999 with a management buyout of Trecco Bay Holiday Park in Wales[8] for £21.4 million, and has since grown through a ‘buy and build’ strategy, growing to operate 24 parks in 2015. Parkdean Holidays was acquired by Alchemy Partners in March 2006,[9] valuing the Company at £139.7m.
Park Resorts was created in March 2001 when CBPE (Close Brothers Private Equity), in partnership with a management buy-out team of three led by David Vaughan, decided to purchase twelve Haven freehold caravan parks from Bourne Leisure Ltd. The deal was finalised in May 2001 at a reported cost of £46m.[10] Park Resorts has grown from 12 Caravan Parks in 2001 to 48 Holiday Parks in 2015. Park Resorts management team and Epiris (formally Electra Partners)[11] acquired the business in July 2013.
Merger
The merger of Parkdean Holidays and Park Resorts was completed in November 2015 following approval from both the Financial Conduct Authority and the Competition and Markets Authority.[12]
Ownership changes
In December 2016 it was announced that Parkdean Resorts had been purchased by the Canadian private equity company Onex Corporation for £1.35bn from Alchemy & Epiris. Onex stated it plans to invest up to £600m into the newly acquired company.[13] The purchase was completed on 3 August 2017.[14]
Awards
In November 2019, Parkdean Resorts won two awards at the annual British Travel Awards.
- "Best UK Family Holiday Company *Large*" - Gold
- "Best UK Holiday Parks and Lodges Company" - Bronze
Holiday parks operated by Parkdean Resorts
As of 2018, Parkdean Resorts operates 67 holiday parks across the UK.[15]
- Barmston Beach, Yorkshire
- Bideford Bay, Devon
- Breydon Water, East Anglia & Lincolnshire
- Brynowen, Wales
- California Cliffs, East Anglia & Lincolnshire
- Camber Sands, East Sussex
- Carmarthen Bay, Wales
- Cayton Bay, Yorkshire
- Challaborough Bay, Devon
- Cherry Tree, East Anglia & Lincolnshire
- Church Point, Northumberland & County Durham
- Coopers Beach, Essex
- Crantock Beach, Cornwall
- Creswell Towers, Northumberland & County Durham
- Crimdon Dene, Northumberland & County Durham
- Eyemouth, Scotland
- Fallbarrow, Lake District
- Gatebeck, Lake District
- Grannie's Helian' Hame, Scotland
- Hayling Island, Hampshire
- Heacham Beach, East Anglia & Lincolnshire
- Highfield Grange, Essex
- Holywell Bay, Cornwall
- Kessingland Beach, East Anglia & Lincolnshire the best park with trouper Geoff Hill
- Landguard, Isle of Wight
- Limefitt, Lake District
- Looe Bay, Cornwall
- Lower Hyde, Isle of Wight
- Manor Park, East Anglia & Lincolnshire
- Lizard Point, Cornwall
- Nairn Lochloy, Scotland
- Naze Marine, Essex
- Newquay, Cornwall
- Nodes Point, Isle of Wight
- Ocean Edge, Lancashire
- Pendine Sands, Wales
- Regent Bay, Lancashire
- Romney Sands, Kent
- Ruda, Devon
- Sandford, Dorset
- Sandy Bay, Northumberland & County Durham
- Sandylands, Scotland
- Sea Acres, Cornwall
- Skipsea Sands, Yorkshire
- Southerness, Scotland
- Southview, East Anglia & Lincolnshire
- St. Margaret's Bay, Kent
- St. Minver, Cornwall
- Summerfields, East Anglia & Lincolnshire
- Sundrum Castle, Scotland
- Sunnydale, East Anglia & Lincolnshire
- Thorness Bay, Isle of Wight
- Todber Valley, Lancashire
- Torquay, Devon
- Trecco Bay, Wales
- Tummel Valley, Scotland
- Ty Mawr, Wales
- Valley Farm, Essex
- Vauxhall, East Anglia & Lincolnshire
- Warmwell, Dorset
- Wemyss Bay, Scotland
- Weeley Bridge, Essex
- West Bay, Dorset
- White Acres, Cornwall
- White Cross Bay, Lake District
- Whitley Bay, Northumberland & County Durham
- Withernsea Sands, Yorkshire
References
- ^ "Onex to Acquire Parkdean Resorts". Marketwired.com. 16 December 2016. Retrieved 22 December 2016.
- ^ Kollewe, Julia. "Park Resorts merges with rival to create Britain's biggest holiday park firm". The Guardian. Retrieved 20 December 2016.
- ^ Martin, Ben. "Park Resorts merges with rival to create caravan parks giant". The Telegraph. Retrieved 20 December 2016.
- ^ "Interactive Holiday Park Map - Parkdean Holidays". www.parkdeanholidays.co.uk. Retrieved 27 April 2016.
- ^ "Family Holiday Parks in England, Scotland & Wales | Park Resorts". www.park-resorts.com. Retrieved 27 April 2016.
- ^ Walsh, Dominic. "Parkdean makes a splash with new deal". The Times. Retrieved 20 December 2016.
- ^ Manning, Jonathon. "Parkdean Resorts CEO John Waterworth to retire in summer". The Chronicle. Retrieved 17 December 2019.
- ^ "John Waterworth Chief Executive, Parkdean Holidays - British Hospitality Association". British Hospitality Association. Retrieved 27 April 2016.
- ^ "Alchemy turns Parkdean purchase into a reality". The Journal. Retrieved 20 December 2016.
- ^ "Bourne caravan parks sold". The Telegraph. 14 May 2001. Retrieved 20 December 2016.
- ^ Afanasieva, Dasha. "Electra Partners renamed Epiris as tries to forge new future". Reuters UK. Retrieved 20 December 2016.
- ^ Jameson, Angela (2 September 2015). "Park Resorts in £1bn merger with Parkdean". Retrieved 20 December 2016.
- ^ McGoogan, Cara. "Caravan giant Parkdean sold to Canadian Onex for £1.35bn". The Telegraph. Retrieved 20 December 2016.
- ^ Carrigan, Laura. "Director of Investor Relations". Market Wired. Retrieved 9 August 2017.
- ^ "Holiday Park Locations". Parkdean Resorts. Retrieved 20 March 2017.