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KPMG 'confident' over Pontin's future
KPMG has expressed confidence over the future of Pontin's after it revealed that 10 offers had been received for the holiday parks operator.
The professional services firm has said that the majority of bidders for Pontin's are "keen" to operate the business as a going concern. Publishing its creditors' report, KPMG has also revealed that the level of Pontin's secured creditor debt stands at around £44m, with unsecured debt at around £3.6m.
Rob Croxen, joint administrator of Pontin's and KPMG restructuring director, said: "The level of support really reflects the goodwill the brand has earned over its long history. "We have received a great deal of interest in the business and should be in a position to make an announcement on the sale of business in the coming week."
Pontin's, which operates five UK holiday parks such as Prestatyn Sands in North Wales, went into administration on 12 November 2010.
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