Former Cove Holiday Parks Owed £244m as Sale Process Extended to 2027

The holiday park group formerly run by Cove owed £244 million when it went into administration, according to administrators' documents reported by The Herald on 31 October 2026. The paper reports that creditors have agreed to extend the administration to October 2027 while the sale process continues.

What the filings show

Cove Communities Holiday Park UK HoldCo Limited was placed into administration in November 2025, with Alvarez & Marsal appointed as administrators. The Herald says the extent of the debt has been revealed for the first time as creditors backed the continuation of the sale process.

According to The Herald, it is uncertain whether a secured lender owed £70 million will receive a distribution, with this "dependent on the value achieved for the sale of business process". Unsecured creditors totalled £174 million, although much of this was inter-company debt and loan notes. The administrators also said it is not clear whether preferential creditors, potentially including HMRC, will be paid.

The administrators said finances were hit by "high interest rates and consumer spending contraction", along with flooding that closed the Medmerry site and wider rising costs. The Herald reports that Medmerry was recently placed into administration separately, and we looked at what that meant for owners in our Medmerry Holiday Park post.

The parks are still trading

The Daily Record reports that the sites have continued to trade while the administrators look for a buyer. The administrators instructed Colliers to assist with the sale, and in July 2026 Colliers brought 11 former Cove parks to market, seeking offers for either the shares or the business and assets. The portfolio includes:

• eight parks in west Scotland, which The Herald and the Daily Record list as Drimsynie, Hunters Quay Holiday Village, Loch Awe Holiday Park, Loch Eck Caravan Park, Loch Eck Country Lodges, Loch Lomond Holiday Park, St Catherine's Caravan Park and Stratheck Holiday Park
• Springwood Park in Kelso, Scottish Borders
• Solway Holiday Village in Cumbria
• Gwel an Mor in Cornwall

Colliers says the portfolio has around 2,564 developed pitches, including 1,707 private holiday homeowner pitches. No buyer has been named in the latest reports. We also covered the portfolio in our October round-up of holiday parks sold and for sale.

What it means for holiday home owners

The reports say the parks are trading as normal. Who might buy them, and on what terms, is not yet known, so it is too early to say what, if anything, will change for owners.

If you own a holiday home on one of these parks, it may help to:

• read your licence agreement, park rules and latest pitch fee invoice so you know your current terms
• talk to your park team if you have questions about your pitch, your fees or selling
• ask for any changes that affect you to be confirmed in writing

Our guide to selling a static caravan with a pitch licence explains the paperwork usually involved in a sale.

Thinking of selling?

If you own a static caravan or lodge and are thinking of selling, Static Caravan Buyer offers a free, no-obligation valuation. We charge no commission when we buy, and we can help with the park paperwork. Payment is made on collection day before the caravan is loaded.

Call 0800 644 5000 or visit Static Caravan Buyer. We aim to respond to enquiries as quickly as we can.