Argyll Holidays, a major UK holiday park operator, has entered administration with debts exceeding £103 million. The company, which runs eight holiday parks across Scotland, collapsed in November amid rising costs and declining consumer demand.
Administrators from Alvarez & Marsal have increased staffing from 97 to 255 employees to maintain operations while seeking a buyer. The parks, including Drimsynie Estate Holiday Village and Loch Lomond's Inveruglas site, remain open to guests.
The secured lender is owed approximately £69.8 million, while unsecured creditors are owed around £40 million. The administrators confirmed that preparations for a sale are progressing, though the timeline remains unclear.
Argyll Holidays was established in 1967 and acquired by Cove Communities in 2022 for around £100 million. The collapse has also affected other group sites in the Scottish Borders, Cornwall, and Cumbria.
