Buyer sought for Normandy Holiday Homes

We were sad to hear recently that Hull-based static caravan and holiday lodge manufacturer Normandy Holiday Homes has gone into administration.

Administrators Begbies Traynor are looking for a new owner to purchase the business, after the firm’s representatives Andrew Mackenzie and Bob Maxwell were forced to step in following a 40 percent sales decline.

Many employees have already been affected by the financial troubles, with 19 members of staff being made redundant and 25 further people in danger of their jobs being axed.

“Normandy Holiday Homes had built turnover to over £5m in 2011, but reduced levels of overseas sales in Europe related to the eurozone crisis, and the failure of other caravan component manufacturers in the region coupled with supplier demands led to problems,” commented Mackenzie. “In addition, slow payment by its UK holiday park and caravan retailer customers which have been unable to sell units this year due to the impact of the dreadful summer, was also a major factor in the failure.

“We are actively marketing the business for sale…our focus now is to recover as much of the creditors’ funds as we can, as well as ensuring as many of the workforce as possible remain employed.”

If you own a holiday lodge by Normandy or any other major manufacturer, Coast can offer you a competitive quotation on your holiday lodge insurance renewal. To find out more call our UK based sales team on Freephone 0800 614 849.