Thu, 04 Sep 2014 | ADMINISTRATION
A Bedford-based leisure site operated by Flowhouse (Bedford) Limited has been sold on to a new owner by administrators.
Daniel Plant and Simon Plant at SFP Group took up the reins of the business on 21 August, after it buckled under cash flow problems, made worse by a fine levied on the company leaving it unable to pay debts when due.
The Flowhouse site had flow-rider machines, a type of swimming pool which gives customers the experience of surfing, and cafes. A note on the Flowhouse website says Bodyflight has taken over the running of the flow-rider operation at the Bedford site.
The company’s other site in Castleford has been closed down and staff made redundant as it could not be sold.
Daniel Plant, partner at SFT Group, commented on the situation: “Flowhouse (Bedford) experienced cash-flow difficulties due to its Castleford operation not being as successful as had hoped and following the fine being levied upon the company, the company was no longer able to pay its debts.”
With the sale of the business and assets of the Bedford site, the jobs have been retained.
Customers with deposits or vouchers for use at Castleford who do not want to use them at Bedford will be able to claim a refund, the administrators added.
It was not made clear who the new owners of the Flowhouse (Bedford) site are.
_________________________________________________________________
Related information:
Business Recovery and Insolvency Advice
Further information about Flowhouse in administration
This subscription-based learning and e-assessment services business offers exceptional revenue visibility and high customer retention, driven by its essential legal and regulatory compliance training for transactional finance professionals.
Exciting opportunity to take over a long-standing business with growth potential through marketing efforts.
Exciting opportunity to acquire a reputable removals business with strong public sector partnerships and national growth potential.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.