Ian Smith of Pontin's 300
MERSEYSIDE holiday park operator Pontin’s collapsed with debts of more than £47m, administrator KPMG revealed yesterday.
However, KPMG added there had now been 10 definite offers for the Southport-based company, and it had high hopes the iconic firm would be sold as a going concern. The 64-year-old firm fell into administration last November.
It operates from five UK sites including Ainsdale, near Southport, and Prestatyn, in North Wales.
At one stage, up to 60 potential buyers expressed an interest in the business, but that number has now been whittled down to 10 serious bidders.
Rival operator Butlin’s was reported to have shown an interest, but is not believed to be one of the final 10. KPMG said the level of secured credit debt was £44m and the level of unsecured debt stood at £3.6m.
