Mon, 13 Jun 2011 | DIVISION SALE
Education and activity travel provider Holidaybreak is mulling a sale of several subsidiaries as it looks to focus on its school trips operations.
KPMG has been asked to search for new owners for Superbreak – short-stay trip organiser – and Explore – adventure holidays provider – amongst other subsidiaries. The move will allow Holidaybreak to focus on offering residential outdoor education to school children and its PGL brand.
It is understood that the camping division, which has two brand names – Eurocamp and Keycamp, would not part of the sale and may be sold off at a later date.
Bookit and Djoser, the Dutch versions of Superbreak and Explore, may also be disposed of in the sale.
Holidaybreak’s hotels business has been hit by a 9 per cent decrease in year-on-year sales, and Explore is expected to suffer losses of £2 million mainly due to volatile trading conditions caused by civil unrest in North Africa and the Middle East.
Once concentrated on its camping business, the firm is now honing in on education. It increased its presence in the education sector by buying a 50 per cent holding in the German school trip operator Meininger in 2010.
Holidaybreak achieved sales of £121.1 million from its education business activities for 2010, with profits of £15.8 million. Its camping business, which offers family holidays in Europe, recorded revenues of £107.4 million for the same year, with profits of £11.7 million.
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.