Theme park up for distressed sale

Thu, 10 Dec 2015 | BUSINESS SALE

A theme park in Lincolnshire has been put up for sale after entering administration in August 2014.

Fantasy Island collapsed with debts of more than £50 million, despite attracting up to 40,000 visitors a day during peak summer season.

The company's financial position has been under review since August but now administrator Benjamin Wiles, of Duff and Phelps, has confirmed that the distressed business is up for sale.

Interested parties have been informed of the sale. The letter noted: “I advise that we have now begun the process of marketing the business for sale. Unfortunately, a likely time frame for the proposed sale cannot be provided at this time.”

He added that any licence agreement entered into will remain in force for the next year and will be accounted for in any sale transaction.

Fantasy Island opened in 1995 and is located in Ingoldmells, near Skegness, in the middle of one of the biggest holiday parks in the country. Among its most popular rides is the Jubilee Odyssey, a roller coaster opened in 2002 to mark the Golden Jubilee of Queen Elizabeth II.


View other 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


Related News

 
28
 
Nov
 

Administration for kitchen installer after being dropped by Tesco | ADMINISTRATION

Kitchen and bathroom distributor Mark Two has been placed in...

 
21
 
Mar
 

Stockport hotel and country club enters administration | ADMINISTRATION

The Stockport-based Bredbury Hall hotel and entertainment co...

 
06
 
Feb
 

Liverpool's Rapid Hardware enters administration | ADMINISTRATION

A well-loved Liverpool retail store, Rapid Hardware, has bee...

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