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News

Exclusive Salcombe holiday park changes hands for first time in 16 years

Posted on 05th February 2021 in Company & Commercial

Posted by

Amy Laver

Associate and Solicitor
Exclusive Salcombe holiday park changes hands for first time in 16 years

On the clifftop overlooking Soar Mill Cove, near Salcombe, is Salcombe Retreat, an exclusive holiday lodge park, offering superior self-catered lodges with stunning coastal views, nestled in the South Hams area of Outstanding Natural Beauty, just 5 minutes from Salcombe.

Neil and Jake Parker have operated the park since 2004, but after 16 years, we helped them complete a sale of shares in Salcombe Park Limited on Friday 29th January 2021. Following the sale, the clients are planning on refocussing their business interests to their other park in East Devon.

 

Amy Laver from our Corporate Commercial team helped Neil and Jake Parker with the sale of shares. “We delighted to assist Neil and Jake in the sale and pleased to have been able to achieve completion despite the country being placed back into lockdown.  We wish them continued success with their remaining park and look forward to supporting them with their future ventures.”

 

Ruskin Wilson, from Thompson Jenner LLP, who was the accountant for Neil and Jake, added “I am delighted for Neil and Jake that we have achieved a successful sale in these challenging times. Having acted for Neil and Jake for many years, I am delighted that they can now see the financial benefit of their hard work and extensive development of the site that they have carefully planned and undertaken over several years. Having stayed at the site myself, I can vouch for the wonderful Park they have established, and in a great part of the world. We wish them all the best for the future.”

 

For further advice and guidance on how we can support you and your business contact a member of our Corporate and Commercial team.

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