Future of Dickens World venue in doubt

Fri, 19 Feb 2016 | ADMINISTRATION

Dickens World, a tourist attraction complex based in Chatham, Kent, faces an uncertain future, according to Kent Online.

Previous owners of the venue did not renew their lease after it expired on 31 December 2015, and now talks are taking place with Medway Council to find a solution to the problem, including ideas around a change of use for the maritime venue.

It’s also believed that new management is about to take over the Britannia Theatre and Porter’s Bar, both of which are part of the same complex, and have plans for a major refurbishment.

Dickens World, which recreates the novels of English author Charles Dickens, opened for business in May 2007 at the £62 million leisure complex in Chatham.

At launch the tourist attraction featured a Great Expectations boat ride, a ‘4D’ movie at Peggy’s boathouse, a haunted house, an interactive Victorian schoolhouse and a Fagin’s den play area.

However, the attraction lost between £500,000 and £1 million each year, barely being kept afloat by its ownership of the neighbouring Odeon cinema and a restaurant.

Dickens World Ltd placed itself in administration, costing investors £32 million, when it was unable to pay an outstanding tax bill of £6 million.

The tourist attraction was taken over by Britannia Entertainments, which scrapped the boat ride and tried to establish the leisure complex as a high-profile venue for gigs and parties.

However, many gigs have been cancelled this year, including those of comedian Jenny Eclair and singer Joe Longthorn, leaving the future of the venue in doubt.

View the latest UK businesses in administration.


Share this article



Latest Businesses for Sale

Wood Burning Stoves Retailer
North Yorkshire, Yorkshire and the Humber, UK

Lifestyle wood burning stoves retailer, iInstaller and wholesaler: Includes stones and reclaim / salvage business. This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are...

Asking Price: £165,000
Turnover: £746,000

LEASEHOLD


Fireplace Surround Business
West Midlands, UK

Renowned and respected business, favoured by customers for its unique product offering and its excellent service. Established in 1990, the business has overcome several recessions, continually growing its reputation, workload and customer base. The c...

Asking Price: £750,000
Turnover: £750,000

LEASEHOLD


Garden Machinery Lawnmowers Tool Hire Business
North Wales, Wales, UK

Garden machinery, tool hire, lawnmower sales and repair business, ideally situated within a popular residential area in North Wales. The business is split over two sites, one is a retail unit with workshop, close to the town centre, whilst the larger...

Asking Price: £225,000
Turnover: £310,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources