55 jobs saved as caravan and motorhomes firm hooks up with new owner

Some 55 jobs have been saved after administrators from Interpath Advisory sold an East Midlands caravans and motorhomes firm to new owners.

Ryan Grant and Chris Pole from Interpath Advisory were appointed joint administrators to White Arches Caravans and its operating subsidiary, P.N. Sharpe on 28 March.

As we exclusively revealed on Monday, White Arches, which trades from sites in Rushden and Wellingborough, posted a notice of intention to appoint administrators. Both companies are part of the Robinsons Caravans group.

Over the past 12 months, the group’s cashflow declined due to a number of macroeconomic factors. In particular, the cost-of-living crisis has meant customers have had less disposable income leading to the company experiencing a decrease in both the number of caravans purchased and the average purchase price.

White Arches had seen costs rise, including financing costs as a result of high interest rates. This, coupled with the impact of the financial issues seen across the wider group, further harmed the company’s cash position.

Immediately following their appointment, the joint administrators sold the business and assets of the companies to a newco owned by Spinney Motorhomes and Caravans. As part of the transaction, all 55 staff members have transferred to the purchaser.

Charlie Holland, director of Spinney Garage, said: “We’re delighted to welcome White Arches into the Spinney group. As a family-run business ourselves, our values and philosophy are very similar to those of White Arches, so we’re looking forward to taking the company back to its roots. To this end, we intend to continue to trade the business under the White Arches name, retaining its well-respected brand.”

Grant added: “Having traded for over 45 years, White Arches is a well-established and well-respected name in the caravan and motorhome sector. We are delighted therefore to have concluded this transaction which will enable the business to continue to trade under new ownership. We wish the team all the very best for the future.”