Caravan Parks

Caravan Parks – or perhaps more accurately Holiday and Home Parks – are traditionally family owned, have significant value and have particular challenges but also opportunities.

As family owned businesses they face the same issues that challenge any family business – but more so given the significant values involved and the difficulty in getting Business Property Relief for Inheritance tax. The typical work we get involved in includes

  • Business Property Relief planning for Inheritance tax
  • Capital Gains tax mitigation
  • Fundraising and exit routes
  • Succession planning between the generations
  • Commercial and strategic direction
  • Corporate structuring via limited company, unlimited partnership, LLP
  • Incorporation and the benefits of using a Limited company – especially if there is borrowing to pay down
  • Financial forecasting, management information and I.T.
  • Finance department structuring and best practice

The three of us involved in this work and with a particular specialism in the sector are:

  • Howard Hackney – formerly UK Head of Family Businesses for Grant Thornton, who has addressed succession and structural issue for at least ten parks over the last five years
  • Dean Styger – former Finance and later Managing Director of Talacre Beach Group and Plas Coch Holiday Homes Ltd until its sale – has 20 years in this industry
  • Mark Steel – former Head of Mergers and Acquisitions for Grant Thornton Liverpool, and has held finance leadership roles in family, AIM-listed and private equity-backed businesses

As an owner-managed business ourselves, we understand the issues, risks and opportunities inherent in privately held businesses and can help you navigate a safer course to your end goals.

Every business is unique but the problems they face are not – with goodwill and a preparedness to compromise there is always a way forward.

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