Debt restructuring is reported to have led to Center Parcs making a pre-tax loss of £47.8 million for the year to April 2012.
Sales were slightly ahead, reaching £291.7 million, up from £290.5 million a year earlier, according to a Sunday Times report.
Profits of £32 million were wiped out as the company re-organised its borrowings as part of a plan to raise funding for its fifth UK holiday park.
This included spending £66 million to wind up an interest rate swap, the newspaper reported.
It made £15 million the previous year.
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.