Service: Vendor Due Diligence
Industry: Accommodation Provider
Participants: Forest Holidays, Skyes Cottages
Intechnica provided Vendor Due Diligence to Forest Holidays ahead of their merger with Sykes Holiday Cottages.
Operating since the mid-1970s, Forest Holidays is a provider of environmentally sensitive cabins around the UK’s forests. So far, Forest Holidays has invested over £100 million into Britain’s forests, improving facilities, creating and maintaining trails, and increasing recreational use.
The combined group will employ over 1,700 people and is estimated to take over 2.65 million customers on holiday in 2022.
As the UK’s leading provider of woodland accommodation, Forest Holidays is the perfect complement to our existing holiday cottage rental business, offering our respective customers an unrivalled choice and quality of accommodation across a variety of settings. We’ve been impressed by what Bruce McKendrick and his team have achieved and are excited by our common purpose with a focus on environment, local and rural communities at the core of our businesses.
It’s also a transformative acquisition for Sykes which creates a UK-focused multi-brand holiday group with market-leading technology, service and product. Looking ahead, we’re ideally placed to fly the flag for UK tourism and showcase the very best our islands have to offer from coast to country.
Graham Donoghue, CEO of Sykes.
Forest Holidays has always sought to balance social, environmental and economic benefit. The benefits we bring to physical and mental well-being are more important than ever and in Sykes we have found a partner who shares this ethos. They also recognise the importance of our long-term partnership with the Forestry Commission and our shared objective to offer holidays that are good for people, good for nature and good for the environment. We are grateful to Phoenix and our other shareholders for helping us to build the business we have today.
Bruce McKendrick, CEO of Forest Holidays.
