Dream Lodge holiday park operator saved from closure
PUBLISHED: 15:56 26 February 2019 | UPDATED: 08:19 27 February 2019
The Dream Lodge Group, which has sites across East Anglia, has been rescued from closure, saving 40 jobs.
Dream Lodge, also known as Walsham Chalet Park Limited, has been sold to Exclusive Luxury Lodges.
The owner of Exclusive Luxury Lodges, Tony Barney, was also the buyer behind Lifestyle Living UK, which he saved in April 2017.
At the time, Mr Barney kept 40 people in their jobs, and four sites across East Anglia open.
The sale of the Dream Lodge Group comprises all of the business and assets of the company, including its seven sites.
This includes Norfolk’s North Walsham Caravan and Chalet Park and close by, Norfolk Park Homes.
It also includes its site at Fornham Park, where 27 lodges are set in parkland which was once the Duke of Norfolk’s estate.
As well as in East Anglia, the group also owns Blosson Hill Park in Devon, The Sanctuary in Berkshire, Woodlands Park in East Sussex and Lazy Otter Meadows in Ely.
Richard Hawes, joint administrator, said: “We are pleased to announce the sale of the business and assets, safeguarding around 40 jobs and ensuring the continuation of the various business entities. We will be reporting more detail in our creditors report in the next few weeks.”
The sale was completed on February 21.
Frank Romano, a spokesman for Exclusive Luxury Lodges Limited, said: “We have been operating within the residential and holiday park industry for over 30 years and look forward to working with all stakeholders to rebuild the business. We want to offer our assurances to the lodge owners across all seven holiday parks that the future of their lodges is secure. All parties will be given the opportunity to enter into new license agreements comparable with their former ones.
“We understand the lodge owners have been through a difficult period, but we will be there to support each and every person. We hope to build a valued community where lodge owners feel safe and secure. Our management team are here to help, both throughout the transition period and beyond.”
Richard Hawes and Rob Harding, restructuring partners at Deloitte, were appointed as joint administrators of the company on January 14, 2019.
The appointment followed a period of financial pressure, with the directors concluding that the business was unable to continue trading outside of administration.