Wed, 27 Jun 2018 | ADMINISTRATION
Air Space Glasgow, Scotland’s first ever trampoline park, has been forced to close its doors after its owners appointed administrators to take over the business.
The £2 million centre, located in the South Lanarkshire town of East Kilbride, opened in 2014 and was considered Europe’s biggest freestyle jumping arena at the time.
The park was later bought by Oxygen Freejumping in 2017, but the owners claimed they failed to revamp and reinstate a consumer interest in the service after purchasing the unit. Following this, the company has also closed down Air Space’s Manchester branch.
CEO of Oxygen Freejumping David Stalker cited “the competitive local leisure market” as the reason for its downfall.
On the statement issued on the Air Space website, the park’s owners stated: “We were unable to rejuvenate our product and as a result our trading performance has become unsustainable and we have no choice but to close and place the respective sites into administration.”
All bookings from 26 June 2018 onwards will be fully refunded by the company.
Oxygen Freejumping has been taken over by new owners, and it is understood that the company will continue to operate.
Graham Simpson, Central Scotland Tory MSP, commented: “As far as I was aware [the park] was popular and ground-breaking at the time it opened. I hope that another viable use can be found for what is a big space.”
Specialises in the production of pantomimes & childrens' productions, which are staged across the UK. The company also hires out scenery, props and costumes to independent producers & mid-scale production companies. Produces pantomime productions acr...
Distributor of motorised TV beds manufactured to company designs in Malaysia, & connected, tested, & dispatched to B2B clients in the UK, Europe, & worldwide. Unique range of products are protected by both approved UK patents and worldwide design reg...
Supplier of rental equipment, services and vehicles to the touring music industry. This includes: "Backline" musical instruments, stage equipment, self-drive minibuses, storage cases, bespoke flight cases, sound equipment and tour consumables. Offers...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
|
15
|
|
Jan
|
Hawk Plant enters administration | ADMINISTRATION
The Shropshire company, that has previously undertaken landm...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources