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.
Relocatable. Long standing contracts. Significant room for expansion. International connections. Offers Invited.
RELOCATABLE
Fantastic Freehold restaurant opportunity in a quaint Somerset market town. With an immediate population of 45,000, and around 70,000 visitors annually, this restaurant benefits well from local and visiting trade. Offers invited.
FREEHOLD
Well-established debt collection agency in Southend-on-Sea. Essex. In close proximity to the M25. They are ideally located. Being a telephone collection agency, they are able to cater for clients countrywide. Offers invited.
LEASEHOLD
|
21
|
|
May
|
Specialist aviation company enters administration – assets and/or business up for sale | ADMINISTRATION
A specialist ultralight trikes aviation manufacturing compan...
|
17
|
|
May
|
Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
|
16
|
|
May
|
Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
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