Cambrian Park & Leisure Homes Limited (05866357): administration
- Status
- Administration ended
- Administration began
- 2017-03-17
- Administrators
- Ben Woolrych, Lila Thomas
- Administrators' firm
- FRP Advisory
- Formerly
- Cambrian Park & Leisure Limited
- Incorporated
- 2006-07-04
- Location
- Manchester
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Weather / natural events
From the administrators' statement
Cambrian Lodges Holdings Limited (‘CLH"), together with its wholly owned subsidiaries, Cambrian Park & Leisure Limited ((CPL”) and Cambrian Kitchens Limited CCK") (together “the Group’) is a designer and manufacturer of high end lodges for the holiday and, to a lesser extent, the residential market.
The Company traded from two leased premises at Gelert House and Snowden Street, in Portmadog, North Wales employing approximately 160 staff.
In 2014, the Group underwent a management buy in backed by YFM (“BIMBO”). Since the BIMBO, the Group has struggled operationally and successive management teams have been unable to address long-standing issues with both the operational and manufacturing aspects of the business.
Administrators' statement of proposals (2017-04-05) · Companies House register