Member Article

£3 million Yorkshire Dales holiday park under way after bank funding

Holiday park and inland marina operator Lakeland Leisure Estates has moved its full business banking to HSBC to support the development of Long Ashes Park in the Yorkshire Dales, as well as an acquisition strategy.

Work on the lodge development commenced earlier this month, with the first two due to be complete by July. HSBC’s Manchester Commercial Centre is supporting the £3 million project in a deal led by senior international commercial manager David Edwards.

Windermere-headquartered Lakeland Leisure Estates is a family business formed by Phill and Carol Morgan, who have over 30 years’ experience in the sector.

The husband and wife team sold their previous 2,500 pitch holiday park business in 2007 but decided to return to the sector to build a business along with the support of their children.

Phill Morgan, Lakeland leisure estates managing director, said: “We are looking at opportunities to expand the business through acquisition and have a number of sites we are considering.

“Carol and I have 30 years’ experience in this sector and we specialise in the redevelopment of sites to meet the high expectations of discerning clients as represented by our existing portfolio which has been upgraded to a superior standard.

“HSBC’s involvement has been most welcome and encouraging, with the bank demonstrating a willingness to support our business and David Edwards having great knowledge of the holiday parks sector.”

Jason Trigg, HSBC area commercial director, said: “The lure of the holiday park sector was too strong for Phill and Carol, who made a great success of their previous business and had semi-retired.

“They have the knowledge to develop successful parks and marinas and we look forward to working with the business as it grows.”

This was posted in Bdaily's Members' News section by Clare Burnett .