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 provides internal fit-out services, including suspended ceilings, partitions, and raised-access floors, serving a wide range of clients with a strong recurring core client base, with a focus on careful risk assessment.
This dentistry is located in an affluent and prime location with a strong level of footfall, this practice currently offers the full range of private treatments including Implants, however has not pushed Invisalign or Hygiene work, leaving ample oppo...
LEASEHOLD
The company is a prominent supplier of high-quality, nutrient-rich feed for cows, calves, and sheep, with full technical support, dairy costings, yield predictions, and silage analysis. To complement its core product, the business also supplies molas...
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
07
|
Jun
|
Hays Travel acquires homeworking company | BUSINESS SALE
Hays Travel has acquired homeworking franchise firm Explorer...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.