Originally Posted by
geoff332
The job of the Administrators is to maximise the return to the creditors (this is a quite well defined legal role that they have to perform to the best of their ability). They typically do this by negotiating to restructure the debt and then to sell the entire business as a single going concern, by selling parts of the business as going concerns (so selling each park separately), or by closing the business down and selling the assets (the land and buildings, in this case). Whatever decisions they take have to be in the best interests of the creditors.
So the administrators are likely to halt major investment in the parks. However, if they make it insolvent, then it will cease to operate entirely. And there's no knowing what the new owners will do, but I think Pontins was struggling to turn an operating profit, so they needed to do something improve it's operating performance (which the investment was intended to do). Either way, I'd expect to see some substantial changes - but it's hard to say what they will be.
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