Cove’s £100m persuades family to sell Argyll Holidays
Scottish company Argyll Holidays has a new owner after the family that has owned the company for 55 years was finally persuaded to sell.
After turning away numerous suitors over the years the Campbell family have accepted an offer believed to be in excess of £100m from Cove Communities.
With roots in sheep farming, the family set up the business in 1967 with a site at Drimsynie Estate at Lochgoilhead and the company has expanded to eight parks around the Loch Lomond & Trossachs area. Brothers Keith, Allan and Roy succeeded their father Douglas as main shareholders.
Keith Campbell said: “Whilst we have been approached over the years by different buyers, Cove was the first company that we felt understood what we stand for and could continue what we started.
“Cove is the ideal custodian of Argyll Holidays, sharing as we do, the same missions and values and commitment to the preservation and investment in the destinations we own.”
The deal is the fifth acquisition under Cove UK managing director Mark Seaton, who said: “Argyll Holidays represents everything that Cove looks for: stunning properties, beautiful and unique locations, and an aspirational lifestyle offering.
“Most importantly we will grow and develop the vision of Argyll under Cove, through sustainable business practices, a commitment to environmental conservation and investment in people and the local community.”
The other parks in the Argyll portfolio are Hunters Quay Holiday Village by Dunoon, Loch Lomond Holiday Park, Loch Awe Holiday Park at Bridge of Awe, Stratheck Holiday Park at Loch Eck by Dunoon, Loch Eck Country Lodges, Loch Eck Caravan Park, and St Catherine’s Caravan Park at Cairndow.
Cove UK’s Go Wild outdoor activities and environmental education programme is flourishing at its other parks including Seal Bay Resort (formerly Bunn Leisure) in West Sussex and Gwel an Mor in Cornwall.
Lomond Banks date confirmed
Plans for a £40m tourist destination at Balloch on the banks of Loch Lomond will be submitted at the end of April 2022.
The team at Lomond Banks have firmed up their target date for submission to the National Park Authority to allow the results of ongoing biodiversity surveys to be incorporated into the designs being put forward.
Lomond Banks undertook an extended period of consultation with the local community as well as key businesses and stakeholders throughout 2021 which has helped to shape the plans, including the removal of any development in the ancient woodland of Drumkinnon Wood.