RBS Rush To Help Flood Battered Holiday Park
When the team at RBS saw Golden Sands Holiday Park located beside Sandy Cove on the television news being battered by the recent storms they immediately got in touch with their customer to see how they could help.
Neil Parry, Head of Consumer Industries, RBS comments: “Golden Sands has been our customer for over 5 years. Normally, the park’s location near the beautiful sandy North Wales Blue Flag beach of Sandy Cove is advantageous but the December storms battered the sea wall leaving the park underwater. Appreciating that Easter is such a key time for the leisure industry we knew the team at Golden Sands would need support quickly to ensure they didn’t miss this busy period of trading.”
“We immediately suspended their December loan payment to provide adequate breathing space and aid cash flow and extended their overdraft facility to cover the time delay in their insurance cover being paid. As a result their flood damage has been repaired in time for Easter and visitors will benefit from improved facilities during their stay including a revamped bar. We have also put in place a flexible facility that will enable them to expand.”
Robert Sewell, Founder and Director at Golden Sands said “RBS were really there for us in our time of need and we couldn’t be looking forward to welcoming guests this Easter without their support. Their proactive approach and speed of delivery was second to none and it was great to have a team that understood our business and the need to act quickly to ensure we were up and running for the school holidays.”
Neil Parry, Head of Consumer Industries, RBS added: “We were very pleased RBS could help in the refinance and look forward to supporting Holiday Park Holdings’ future growth aspirations. We think the business is a great British success story.”
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