A Cornish-run self-catering holiday letting business has changed hands following financial support from Barclays.
Mick and Janine Down are the new proprietors of Hallagena Farmhouse and Cottages near St Breward, Bodmin, fulfilling their lifelong ambition of owning and running their own family holiday letting business. They are not alone in their new business venture, as their two children have also relocated to Cornwall from London.
Barclays has provided the Down’s with a finance package to purchase the farm, holiday lettings and undertake some refurbishment of the four self-catering cottages, taking advantage of the tourism demand in the area. Hallagena Farmhouse and Cottages occupies five acres of land and is ideally located for cycling and horse riding on the nearby Camel Trail with easy access to Bodmin Moor.
Mick Down, owner-manager, said: “Since our first holiday together 25 years ago my wife Janine and I have had a dream of trading in our manic London work regime and lifestyles and relocating to Cornwall and running our own holiday cottage business. We have been planning and looking at potential properties for a while and subsequently found and fell in love with Hallagena Farmhouse and Cottages. We’re delighted with Barclays support to be the proud new owners and very much looking forward to welcoming all of our new and existing holidaymakers.”
Turnover is expected to increase by up to 100% in 2020 as the new owners build upon the existing and well-established holiday offering which provides family and dog friendly accommodation all year round.
Sharon Harrison, Barclays Development Manager, who put the finance in place for the Down’s move to Cornwall, said, “Barclays research highlights that three in 10 domestic holidaymakers plan to spend more holiday time in the UK in 2019 than they did in previous years and this reinforces the significant role self-catering holiday businesses such as this play in the local economy. Barclays is committed to supporting such propositions and by using our knowledge and experience we’re delighted to support the Down family and wish the business every success for the future.”