UK marina and leisure parks owner Lakeland Leisure Estates has expanded its marina portfolio with the purchase of Roydon Marina Village in Essex. This is the group’s first acquisition in the south of England and it takes its marina assets to five facilities in the UK.
The Kendal-based company was able to acquire the 315-berth inland marina as the result of a six-figure funding facility provided by HSBC. The exact amount of the funding support has not been disclosed. Following the purchase, Lakeland added six jobs at its headquarters in Kendal and has stated that it expects its revenues to grow by one-third over the next 12 months.
Lakeland Leisure’s acquisition of the Deganwy coastal marina in north Wales from the Crown Estate in January this year was also supported by HSBC. In addition to Roydon and Deganwy, the group now owns five marinas.
The other three are:
- 200-berth Great Haywood Marina in Staffordshire
- 284-berth Saul Junction Marina in the Cotswolds
- 300-berth Tattenhall Marina in Cheshire
The group also operates a number of leisure parks in Yorkshire and on the Costa del Sol in Spain.
Nigel Wimpenny, managing director of Lakeland Leisure Estates, says: “The purchase was a key part of the company's strategy to grow its 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. We are now looking to expand and diversify our holiday park offering to customers throughout the UK.”
David Edwards, HSBC’s relationship director, adds: “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.”