Bidders circle as Pontin’s is placed into adminstration

first_img KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale Sunday 14 November 2010 10:24 pm Show Comments ▼ Share Bidders circle as Pontin’s is placed into adminstration center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndo whatsapp whatsapp THE administrators for Pontin’s plan to take a measured approach to the sale of any assets, believing the business is in a strong position to continue operating.Jane Moriarty, joint administrator and restructuring partner at KPMG, which was appointed administrator to Pontin’s on Friday evening, said she was not looking for a fire sale. The holiday parks business was placed in administration after admitting it was struggling to cope with £40m worth of debts.Pontin’s employs around 850 staff across five sites in Somerset, Sussex, Suffolk, Wales and Merseyside.Moriarty said all five sites would continue to trade as normal and no redundancies of park staff have been made. She said she had already received 12 emails from parties expressing interest in Pontin’s over the weekend but had “yet to review the quality of the interest expressed”.Moriarty added she believed a sale could be achieved in two to three months but that she was in no hurry insisting if a sale was not achieved in that time the administrators would implement a holding strategy. “We will be attempting to value the business both in its current state and where it can move to. One of the things we want to do is build a business plan showing where the business can be in the next three years,” she added.Pontin’s bank Santander is providing working capital for 12 months while the business is restructured or sold. Tags: NULLlast_img

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