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Future of holiday park 'secured' after sale

The future of a mobile home park which was put into administration has been secured.

Billing Aquadrome, in Northampton, has been sold to Meadow Bay Villages, along with Cogenhoe Mill holiday park.

Chief executive officer Geoffrey Smith said: "We are already thinking about exciting plans for further investment and development at these already great locations."

Previous owners RoyaleGroup said that they had placed the park in administration as part of a "recapitalisation process".

Joint administrators said that the sale "secures the future of the park".

Meadow Bay Villages is a newly formed resort operator which has also purchased the Golden Leas and Hollybush Farm holiday parks on the Isle of Sheppey, Kent, and Hayling Island Holiday Park in Hampshire.

Mr Smith said: “We are thrilled with the acquisition of the five resorts to kickstart the Meadow Bay Villages brand.

"With a renewed vision and dedicated leadership, we are confident that we can herald a fresh start for each resort and build on their existing popularity."

A spokesperson from the administration team said: "The experienced management team at Meadow Bay Villages are committed to maintaining and developing upon the park’s existing amenities and have exciting plans for further investment for the benefit of licence holders and visitors.

"We wish to express our gratitude to all License Holders and on-site team members for their support and patience throughout this process and look forward to Meadow Bay Villages taking the park forward, infusing fresh ideas, and creating memorable experiences for the park community."

After announcing the park would go into administration last year, Robert Bull, of RoyaleGroup, said all staff would continue to be employed.

Mr Bull added: "A recapitalisation of the business is taking place with the aim of installing 1,000 new bungalows across the UK, starting later this year.

"More than 200-plus legal entities comprise the RoyaleGroup and these remain unaffected by the situation at Billing Aquadrome."

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