In response to an inaccurate piece in The Telegraph alleging that if the lockdown restrictions weren’t lifted, Parkdean may run out of money if it couldn’t trade as normal, we issued the following statement:
“Parkdean Resorts is the largest operator of holiday parks in the UK with a unique footprint of award-winning parks offering its loyal customers and owners a diverse range of holiday accommodation and experiences across our significant freehold estate. The company performed strongly in its 2019 financial year, with EBITDA up 8% and strong bookings for 2020, building on our investment in our parks and activities. All our operations are currently closed due to covid-19. We enjoy the full support of our PE owners Onex, and have a number of options to strengthen our balance sheet. We are availing of a number of Government initiatives including rates holidays and Time to Pay arrangements and have furloughed the majority of our staff. We are looking forward to opening in July and making the most of the staycation phenomenon. Our spacious parks and self-catering, UK-based, value proposition will appeal to British holidaymakers keen to enjoy a staycation in the great outdoors.”
