A holiday park operator linked to a number of popular UK destinations has been placed into administration.
Administrators have been appointed to West Sussex-based Cove Communities Venture 2 Medmerry OpCo Limited, according to public filings.
The company is linked to a wider network of holiday park businesses operated by parent company Cove Communities Holiday Park UK HoldCo Limited (HPUK).
Among the parks connected to the wider group are several well-known Scottish holiday destinations, including Drimsynie Estate, Hunters Quay Holiday Village in Dunoon, Loch Awe Holiday Park and Loch Eck Caravan Park.
Despite the administration, several holiday park businesses connected to the group that have previously entered administration have continued to trade and, in some cases, retained staff.
Adam Paxton and Robert Croxen, of Alvarez & Marsal, have been appointed joint administrators. They were also appointed administrators of Cove Communities Venture 2 Medmerry PropCo Limited on September 8.
Administrations rise
New Insolvency Service figures show administrations were 44 per cent higher than in July 2026 and 60 per cent higher than in August 2025.
Administration numbers have fluctuated in recent months, with more than 250 connected companies in the real estate sector entering administration.
Giuseppe Parla, a director at Menzies, said the increase reflected ongoing pressures facing businesses.
He said: "Below the surface of an improving GDP, renewed conflict in Iran and its economic fallout continue to push up energy, fuel and supply chain prices, and inflation.
"For businesses already managing tight margins, these are pressures that are becoming increasingly difficult to absorb, which poses a significant threat to the British economy and risks further elevations in company insolvencies if left unresolved."
Mr Parla added that while hospitality businesses had benefited from warmer weather and changes to business rates, rising costs continued to put pressure on operators.
Sonia Jordan, of industry body R3, said there had been a significant monthly increase in administrations, particularly in the real estate sector, which she said was likely linked to the continuing fallout from the collapse of mortgage provider Market Financial Solutions.
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