Cumbrian firm acquires 56-acre marina village in Essex

Cumbrian holiday park and marina operator Lakeland Leisure Estates is expanding into the South East.

The Windermere-based company has acquired a marina and leisure complex in Essex with eight-figure funding from HSBC.

The deal, forecast to grow Lakeland Leisure Estates’ revenues by 33% in the next 12 months, has enabled the firm to create six jobs at its Windermere HQ.

Roydon Marina Village occupies a 56-acre site near the northern outskirts of London. Alongside its 350-birth marina, the complex also boasts over 60 holiday lodges and a hotel, café and Italian restaurant.

Lakeland Leisure Estates has plans to refurbish the the Village’s site’s rental lodges and café. It will also invest in new Wi-Fi facilities and site infrastructure.

Nigel Wimpenny, managing director at Lakeland Leisure Estates, said: “This excellent site is a key part of our strategy to grow our marina portfolio, mainly through the acquisition of well-established locations.

“This is the second large purchase we have made with the support of HSBC this year and our relationship director, David Edwards, provided invaluable support throughout.”

He added: “We are now looking to expand and diversify our holiday park offering to customers throughout the UK.”

David Edwards, relationship director for Greater Manchester at HSBC, commented: “Lakeland Leisure Estates is an impressive business with a strong reputation in the leisure industry and a clear growth strategy.

“We’re proud to support it as it expands into new markets; achieving sales growth and creating new jobs in Cumbria.”

Law firm Addleshaw Goddard acted for HSBC in the deal. Walker Morris advised Lakeland Leisure Estates.

The family-run company was founded in 2009 by Phill and Carol Morgan.

Lakeland Leisure Estates’ portfolio includes five marinas and caravan parks across the Yorkshire Dales and Costa del Sol.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.