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February 08, 2016 2:28 PM ET

Hotels, Restaurants and Leisure

Company Overview of Center Parcs (UK) Group Limited

Company Overview

Center Parcs (UK) Group Limited operates holiday villages for family and activity holidays, short breaks, weekend breaks, and spa breaks in the United Kingdom. The company provides holiday accommodation in villas, apartments, and holiday lodges. The company's facilities include restaurants, bars, retail outlets, and spa facilities; and sports and leisure activities. The company was founded in 1972 and is based in Newark, United Kingdom. The company has locations in Cumbria, Nottinghamshire, Suffolk, and Wiltshire, United Kingdom. Center Parcs (UK) Group Limited is a former subsidiary of Collins Stewart LLC.

One Edison Rise

New Ollerton

Newark,  NG22 9DP

United Kingdom

Founded in 1972


44 87 0067 3000


44 87 0067 3099

Key Executives for Center Parcs (UK) Group Limited

Chief Executive Officer and Director
Age: 53
Finance Director and Director
Age: 48
Secretary and Member of Risk Committee
Human Resources & Commercial Services Director
Commercial Director
Age: 51
Compensation as of Fiscal Year 2015.

Center Parcs (UK) Group Limited Key Developments

Center Parcs Group Reports Audited Earnings Results for the Full Year Ended April 23, 2015

Center Parcs Group reported audited earnings results for the full year ended April 23, 2015. For the full year, the company’s revenue was £386.9 million compared to £314.6 million a year ago. Adjusted EBITDA was £170.3 million compared to £134.7 million a year ago. Operating profit was £127.3 million compared to £102.2 million a year ago. Profit before taxation was £22.7 million compared to £8.9 million a year ago. Profit for the period attributable to equity shareholders was £12.4 million compared to £15.3 million a year ago. Net cash from operating activities was £182.6 million compared to £146.0 million a year ago. Purchase of property, plant and equipment was £68.7 million compared to £197.9 million a year ago. Purchase of intangible assets was £3.8 million compared to £2.4 million a year ago. Net debt at end of the period was £1,057.6 million compared to £1,071.7 million a year ago.

Center Parcs Weighs Options Of Sale And Listing

Center Parcs (UK) Group Limited appointed a new chairman yesterday as the race to buy the holiday parks operator intensified, with American property investor Starwood Capital Group emerging as a bidder for the private-equity owned business. The Blackstone Group, Private Equity Group has owned Center Parcs for nine years and is weighing whether to float the company or sell it to a suitor.

Center Parcs Appoints Vagn Sorensen as Non-Executive Group Chairman, Effective From June 2015

Center Parcs announced the appointment of Vagn Sorensen as non-executive group chairman, effective from June 2015. At the same time, current Chairman Martin Robinson is stepping down from the board after 16 years. Vagn has extensive experience in executive, non-executive and advisory roles predominantly in the transport, freight and leisure sectors, having spent five years as CEO of Austrian Airlines, before moving into a portfolio career advising private and publicly owned businesses. He is Chairman of Select Service Partner plc which listed in London in 2014, of TDC which listed in Copenhagen in 2010, and of FLSmidth.

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