BusinessBusiness RecoveryDeloitte administrators called into caravan site operator Green Parcs

Deloitte administrators called into caravan site operator Green Parcs

Matt Cowlishaw, John Reid and Dominic Wong are called in by the company's directors

Deloitte
administrators have been appointed to troubled caravan site operators Green
Parcs.

Matt Cowlishaw, John Reid and Dominic Wong were called in by the company’s
directors on 10 June 2010.

Green Parcs, which owns and operates three caravan parks around Inverness in
Northern Scotland, will continue to trade in administration while the holiday
sites are marketed for sale.

Cowlishaw, partner in the reorganisation services division at Deloitte, said:
“These are well established and popular sites which were caught out by the
current economic environment.

“We are currently operating these sites on a business as usual basis whilst
we seek parties who may be interested in taking the business forward and
improving the operations for the benefit of existing residents and to attract
new customers.”

Green Parcs owns Silver Sands at Lossiemouth, Riverview at Mundole and
Pitgrundy in Dornoch.

Police launched an investigation at Silver Sands last August over allegations
of double selling.

People who bought their holiday homes were given handwritten receipts and
later discovered they were not the only owners of the caravans, the
Press
and Journal
reported.

Three people appeared at Elgin Sheriff Court in March accused of fraud and
embezzlement.

Further reading:

Deloitte
administrators sell Mathiesons Bakeries, saving 340 jobs

Portsmouth
FC may need three weeks for new CVA proposal

Timing
of insolvency could hit landlords’ rights

Adminstrators
seek sale of Warrington school-wear business

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