Pontin’s likely to be saved

Pontin’s likely to be saved

Administrators of holiday camp operator Pontin’s have revealed that it has received 10 bids to take over the business. The company, which failed two months ago, has continued to operate with 850 staff, according to the Guardian. “We’ve had a total of 10 offers for the business, with the majority coming from parties who are keen to continue operating the business and ultimately take the Pontin’s brand forward,” said Rob Croxwn, joint administrator of Pontin’s at KPMG. “While negotiations remain ongoing, we are confident of being able to conclude a sale over the coming weeks.” Bourne Leisure has said it will not buy-out the company but former management Graham Parr and Ian Smith are rumoured to be interested. Indian-born investor Bhanu Choudhrie is also amongst potential buyers. 

Gary Marshall
Written by:
Gary Marshall
Posted On:
Posted In: