Park homes

Price Bailey has a team of specialist advisors, providing expert advice to our clients within the parks and leisure industry. We recognise the complexities of taxation rules for caravans, holiday parks and home parks, offering a unique service to each of our clients. Our experienced team works closely with our clients to understand their specific needs.

The team acts for over 150 parks across the UK and are experienced in advising on mobile home parks, lodges and static leisure parks, as well as touring parks, caravan sales centres, golf courses and other businesses associated with the industry.

We truly understand our clients’ needs and are always of the mind to learn more. The owners of the parks are the true experts regarding their industry, and the team at Price Bailey takes the time to nurture valuable relationships to understand exactly how they operate their parks.

Our team tailors the advice we provide to the individual client, whether it be to help them grow, advise on their business structure and VAT treatment or make informed decisions regarding the sale of their park. An accountant who is experienced in working with park owners will be familiar with the treatments that are unique to the business, as well as being able to keep them informed of any changes regarding compliance – so they won’t have to worry about missing submission deadlines or incurring penalties.

Why use a specialist accountant for your holiday park or park home business?

Acquisitions and Finance

Whether you have already found your next park for acquisition or are looking to purchase your first park, our industry-leading team, with the right network of owners and contacts, can help you. We guide our clients throughout the transaction, from assisting with negotiation, raising finance and liaising with legal advisors and sellers, through to a successful acquisition.

We can work with your existing legal advisors or refer you to our close network of advisors specialising in the industry, including referring specialist valuers.

How can our team help?

Our advice does not stop at the acquisition stage. We guide owners at any stage, examples include:

• securing funding
• creating business plans and forecasts
• accessing a comprehensive range of taxation advice
• compiling accurate annual accounts and tax returns
• managing payroll
• integrating the right accounting software and business systems into your company
• understanding what your valuation is, what it could be, and how you can achieve this
• handling annual pitch fee increases

Supporting the sale of your park

For many clients, the sale of their park may be one of the biggest and most stressful transactions they have embarked on. The team at Price Bailey alleviates the pressure through its extensive knowledge of the sale of parks. Supported by our large network of acquisitive contacts, we aim to achieve the highest price we can, while ensuring you receive quality advice along the way. Our expertise will help you to understand the potential valuation of your park, prepare an overview to send to potential buyers, negotiate the sale price and ultimately see you through a successful sale.

Development and stock finance

We have close relationships with mainstream institutional financers along with specialist asset financers, providing you with the best advice for the finance you require. We can liaise with the funders on your behalf, allowing you to be assured of the quality of your parks and leisure accountants.

Capital Gains and Inheritance planning

We work closely with our Corporate Tax team to advise our clients on the best business structure for their parks across different areas of tax. We advise on the best tax structure for their business, not just for now, but looking ahead to plan for future generations, while allowing for flexibility of control as they pass on the mantle to the next generation of park owners.

Just looking at the changes to the way parks are treated for Inheritance Tax purposes can be a minefield. Our expertise ensures you can maximise the relief available, with the potential to reduce or even negate the liability altogether.

VAT

There are special VAT rules which apply to the park sector. It is important to understand exactly how these rules apply and how to navigate their complexities to minimise VAT liabilities while ensuring compliance.

Accounts, management accounts, bookkeeping

Annual accounts are mandatory for every business, but many park owners view them as a burden which only leads to a tax bill. At Price Bailey, we aim to make this process as seamless as possible for our clients. We maintain regular contact throughout the year, develop an understanding of each client’s business and apply our market expertise, making for a smoother experience. We advise our clients on their accounts to minimise tax liabilities while ensuring an accurate representation of the business’s performance.

More than traditional accountants 

As an award-winning regional accountancy practice, we focus on building close working relationships with clients to gain the best possible understanding of your aims and ambitions. We’re small enough to be flexible and deliver the one-to-one service you deserve, but large enough to be able to draw on the wealth of in-house experience, skills and expertise that will enable your business to thrive.