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Eurocamp sale hits parent Holidaybreak's results

Operators
TTG Staff
30 September 2015

Holidaybreak, the parent company of operators Explore and SuperBreak, has fallen into the red after being stung by the disposal of its camping division.

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Accounts recently released at Companies House show the firm swung to a pre-tax loss of £1m for the year ended March 31, 2015 from a profit of £16.2m in the prior period. Excluding the camping division, turnover rose from £303.5m to £330.4m.

Cox & Kings, Holidaybreak’s ultimate owner, agreed to sell Eurocamp for just under £90m last June. The sale led Holidaybreak Ltd to record a loss on disposal of £23.5m.

Turnover within each of Holidaybreak’s division was mixed.