Camping and Caravanning Club looks forward to move

Mar 22 2004

By Stewart Smith

The Coventry-based Camping and Caravanning Club, which has 370,000 members in the UK, is moving its headquarters to a four-acre site on Westwood Business Park. Work on the £4.5million office is due to be finished next month with the club expected to move from its current HQ at Greenfields House, Westwood Way, to the new building in May. The Camping and Caravanning Club, which was founded in 1901, was given a helping hand by Lloyds TSB Corporate, which arranged a £6million loan, enabling it to relocate. The club, whose patron is the Duke of Edinburgh, has an annual turnover of £23million and employs around 450 staff, including site managers and assistants who work at the 92 camp sites throughout the UK. Club director general David Welsford said: "The acquisition of new headquarters represents a period of organic growth for the club and is the latest in a catalogue of successful ventures that the bank has supported us with, for which we are extremely grateful." Nigel Swanston, senior relationship manager, Lloyds TSB Corporate, said he was glad that the bank was able to play a key role in providing the funding for the club's new HQ. He said: "Through our strong relation-ship with the organisation we were able to devise a flexible funding package of overdraft and loan facilities tailored to the Club's specific financial requirements."

Posted by: Tenaki at 19:33 | link | comments

Comments: