Daish’s Holidays, which has a portfolio of ten hotels across the South West and UK, and headquarters at Bournemouth, Dorset, has successfully applied to the Coronavirus Business Interruption Loan Scheme (CBILS) allowing the business to access working capital to fund its core business costs during the closed period. This additional cash will allow the business to plan for its future re-opening once the lockdown of the hospitality and leisure sector is lifted.
Daish’s Holidays established 40 years ago, is a family owned and operated holiday company with hotels located in popular coastal and tourist destinations, including the Bournemouth Sands Hotel, North Shore Hotel, Blackpool, County Hotel in the Lake District, and its most recently acquired Esplanade Hotel in Scarborough. The company is renowned for its offering of nightly live entertainment and package deals. In addition, it boasts its own fleet of 25 luxury coaches to transport guests in comfort, from a number of pick up points across the UK, stretching from West Yorkshire to Cornwall.
George Brown, Group Managing Director, Daish’s Holidays, said: “Barclays has been very helpful in supporting us during this crisis. The application process to the funds being available in our account was relatively straightforward taking just a few weeks. This has provided a lifeline for the business which, in effect, has been mothballed during the Covid-19 pandemic, and will allow us prepare for re-opening when the current restrictions on movement are lifted.”
Barclays Relationship Director, Keith Herod, said: “The business owners have built up an extraordinary hotel group over four decades and their success is reflected by their popularity and loyal customer base. We have spent time getting to know the management team and when the firm was impacted, our understanding of the business and our relationship with its owners made a huge difference.”