‘Bob the Builder' holiday parks face fresh insolvency claims

An American real estate firm has reportedly appointed insolvency specialists to retrieve £300m from Robert Bull's caravan park business.

The Sunday Times reported Sun Communities has hired insolvency specialists from accountancy firm PwC after City sources revealed the real estate company is owed about £300m.

It comes after parts of the holiday park business owned by Bull, a new entrant on the Sunday Times Rich List, fell into administration in August.

Two of Robert Bull's businesses, the Golden Leas Holiday Park and Hayling Island Holiday Park, filed separate notices to appoint advisers and documents on Companies House revealed his appointment as director to both businesses was terminated on 7 July.

Bull was the second-highest new entry in the Sunday Times Rich List published in May this year, with a valuation of £1.905b.

The billionaire property tycoon known as "Bob the Builder" co-founded RoyaleLife, one of the UK's largest bungalow providers for the over 45s, which is made up of over 200 legal entities.

RoyaleLife, Sun Communities and PwC have been contacted for comment.