• Pontin’s in administration

UK holiday park operator Pontin’s, which operates five sites, has been placed into administration with KPMG.

Santander, which financed the buyout of Pontin’s two years ago, has denied forcing the move. The bank complained that the group’s directors had not structured the company’s £40m debts as had been agreed.

See the full story here:
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/8132710/Santander-denies-pushing-Pontins-into-administration.html

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