Adelphi hotel 300
THE owner of Liverpool’s Adelphi Hotel has bought the Pontin’s chain of holiday camps, saving hundreds of jobs.
The Britannia Hotel Group tonight sealed the deal to buy the Merseyside-based chain, which collapsed into administration in November.
The deal saves 850 jobs at the chain, which includes a holiday park and head office in Ainsdale, Southport.
David Costley-Wood, restructuring partner at KPMG and joint administrator, said: “Concluding the sale of Pontin’s to Britannia as a going concern is a fantastic result.
“The business attracted a high level of interest from a broad range of investors such as wealthy individuals, private equity houses, property developers and trade buyers.
Last week I was flattered to receive an invitation to become a “high-calibre expert” on a US website for supporting business professionals. One question on the site immediately caught my eye – “Are monthly internal financial statements obsolete?” What’s this, I thought, am I so far out of touch down here in Hawkes Bay that I’d missed out on some really exciting new development in the world of business and finance?
Microsoft posted its earnings for the last quarter of 2010 a few minutes before market close today — the early post was a mistake and Microsoft is reviewing its procedures to make sure it doesn’t happen again.
The dictionary defines a “funk” as a low or depressed mood, and that certainly matches the mindset at millions of small companies nationwide. Sure, government statisticians have declared the recession officially over. Feel better now?