Jobs and holidays saved after business rescued from administration

Beacon Park Boats has been sold out of administration, saving 30 jobs and hundreds of holidays

Jobs and holidays have been saved after a business based along the Monmouthshire and Brecon Canal was rescued from administration. 30 jobs have been saved at Llangattock-based Beacon Park Boats, a luxury canal boat holiday provider.

Beacon Park Boats has a fleet of more than 20 vessels and delivers hundreds of holidays every summer. Visitors book its narrowboats and cruise along the Monmouthshire and Brecon Canal, but the firm suffered “turbulent” trading after the pandemic and a long recovery left it with significant debts.

The company turned to PKF Littlejohn Advisory for help. Having worked with the business since late 2025 PKF looked at several options, including a potential “time to pay” arrangement with HMRC to securing additional external funding, but none were viable.

As a result, Oliver Collinge, partner in PKF Littlejohn’s Leeds office, and Paul Williams, partner and head of advisory in the London office, were appointed as joint administrators of Beacon Park Boats.

Following a short period of trading whilst in administration, during which PKF secured additional funding to trade the company, the joint administrators ensured that all summer holiday bookings were honoured and the team remained fully employed during one of the busiest seasons of the year.

The PKF team then sold the business out of administration to Timeout Escapes Limited in August, saving jobs and holidays.

Law firm Walker Morris advised the joint administrators, while interim funding and valuation advice was provided by Gordon Brothers, said PKF.

Paul Reeves, partner at Littlejohn Advisory UK LLP, said: “Beacon Park Boats has an incredible heritage and a unique offer to holidaymakers wanting to explore the beautiful Welsh valleys. While the business had struggled in the years following Covid, its fundamentals were very strong and we had confidence that it could thrive given the opportunity.

“We are pleased for its loyal customers and staff that we were able to safeguard the company’s future. Businesses like Beacon Park Boats are all about people and that was something we kept in mind throughout the process.

“It was good to work with the teams at Walker Morris and Gordon Brothers to ensure that the process went smoothly. It was particularly rewarding to help ensure that workforce was maintained, keeping decades of industrial knowledge in the local area.”