Case Study: Shorefield Holidays Ltd
- Development Capital
- Deal completed:
- September 2017
Meridian advised the Shareholders of award winning Hampshire based Shorefield Holidays Limited on their fundraise from HSBC to help support future growth plans.
Shorefield Holidays Ltd (“Shorefield”) provides high quality holiday experiences through its parks in sought-after South Coast / New Forest locations.
Family owned and managed since 1958, Shorefield thrives under conservative stewardship, while remaining an innovative operator responding to the changing requirements of UK holidaymakers.
Shorefield are well regarded by their customers and work hard to protect their reputation, working with the British Holiday & Home Parks Association, TripAdvisor and, among others, to ensure they are always providing a high level of service to their customers.
Daniel Kirtley, Manger at Meridian who led the deal process comments, “Shorefield exemplifies the best of the holiday park sector, both in terms of management and the high-quality beautiful park assets under the Shorefield banner.
Meridian was delighted to team Shorefield with HSBC, who displayed a deep understanding of the business priorities, and to structure an excellent debt package with a focus on future growth.”
The deal was supported by Richard Hoyle at HSBC (Southampton) who provided the funding and LLP who provided legal advice to Shorefield.