THE boss of children's activity holiday firm PGL yesterday remained tight-lipped over speculation he was leading a management buyout of the company.
Chief executive Martin Davies would not comment on a report that he and his team were planning to buy PGL from its founding family for more than £25m.
PGL, which organises European breaks for some 350,000 children a year, gets its name from its founder Peter Gordon Lawrence, but is known to many for its Parents Get Lost slogan.
According to a national newspaper, Mr Lawrence left the business to a series of trusts when he died last year and left his nephew, Justin Barwick, in charge of his £32m estate.
Herefordshire-based PGL traces its roots back half a century to when Mr Lawrence started canoe camping trips for young adults down the River Wye on the border between England and Wales.
The venture, called PGL Voyages, then expanded into the Brecon Beacons National Park in Wales, with its early focus on canoeing, sailing and pony trekking.
The company has 33 centres in Britain, France and Spain, including its flagship 250-acre Boreatton Park in Shropshire, a mansion house in Perthshire, a farm in Oxfordshire and a chateau near Paris.
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