FOREST HOLIDAYS UP FOR SALE AT £100M
The Forestry Commission established the luxury cabin holiday business back in the 1970s starting with a handful of cabins at Loch Lubnaig near Stirling, Scotland. The success of the business along with the budding staycation market has allowed it to evolve further into Britain with a total of 9 sites including some at Forest of Dean and Sherwood Forest.
If successful, Lloyds Bank’s buyout arm LDC would receive the largest cut due to owning half of the company since backing a management buyout in 2012. Yet although the Forestry Commission only owns just under 1/5th of the total shares, they currently earn a fee for any lodge cabin situated on their woodland.
In the past year, Forest Holidays have experienced an increase in both pre-tax profits - from £6.7M to £6.9M - and in overall revenue from £32.5M to £36.5M.
According to reports by The Times, there are already a handful of potential bidders led by Phoenix Equity Partners and followed by Caledonia Investments and Center Parcs.
Source: Business Sale
Image source: Forest Holidays