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.
Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.
Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.
For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...
|
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
|
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...
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