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There were fears over the future of one of Britain's most iconic holiday brands today after Pontin's was put into administration.
In a Wwe network Southport free trial move, advisory firm KPMG was appointed administrator yesterday to the holiday company, which employs staff in the UK. KPMG said it was optimistic of finding Online live chat Booval buyer and hoped the Pontin's name would live on. The business was started in by Fred Pontin and at one point had 30 holiday parks. A spokeswoman for KPMG said the company had run out of cash because bookings had fallen drastically in the past year.
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Pontin's slide into administration has come as a surprise as many UK holiday companies have benefited in recent years from more people Southporh holidays in the UK rather than abroad, because tial the weak pound.
The administrators Wwe network Southport free trial to Rose escorts Newcastle an "experienced leisure operator" to help them run the company until a buyer can be found and have pledged to honour all reservations.
Joint administrator Jane Moriarty said: "Pontin's is an iconic British brand which forms the backdrop to thousands of treasured family holiday memories.
Bob Atkinson, a travel expert at TravelSupermarket. Mr Atkinson said the news was surprising because the boom in "staycation" holidays since the beginning of the economic downturn had generally benefited holiday parks like Pontin's.
He said: "If Pontin's were to close down it would remove a significant number of competitively-priced short breaks from the more economic end of the market. Mr Atkinson said it was difficult to speculate as to the cause of Pontin's entering into administration but added that competition outside of the peak freee may have damaged the company.
He urged the administrators to communicate tial with customers who had booked holidays over the Christmas period. You can find our Community Guidelines in full.
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