Pontins in Administration
Published / Last Updated on 12/11/2010
by Ashley Clark, Director
Holiday camp firm Pontin’s has gone into administration with 850 jobs at risk if a buyer is not found to keep the business running.
According to Pontin’s chairman, Graham Parr, Pontin’s was trading in profit with plans for a huge £50m expansion creating up to 2000 jobs and when its bankers called in its overdrafts.
Holiday Money Lost?
Administrators, KPMG, confirmed that the business in still trading, people can still take their holidays this weekend and they are confident of finding a buyer for this well known and well established British brand.
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