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.”
Extremely rare freehold and highly profitable and unique management run, 3 star hotel, bar (freehouse) and restaurant, which is conveniently situated in South Yorkshire close to the M1.
FREEHOLD
This thriving Go-karting business located in Burscough, near Ormskirk West Lancashire. The unit benefits from being approx. 7 miles north of the M58 motorway and has immediate access onto the A59. The estate is located in close proximity to Ringtail...
FREEHOLD
Extremely rare and highly profitable and management run, 3* hotel, bar (freehouse) and restaurant, which is conveniently situated in South Yorkshire close to the M1. The current owner has built this business to be the success it is today, boasting a...
FREEHOLD
17
|
Jan
|
Management buy-in at historic Welsh engineering firm | MBO/MBI
Family-run engineering, fabrication and machining business A...
17
|
Jan
|
Cardo Group steps up expansion drive with Scottish deal | BUSINESS SALE
Cardo Group has made its first move into Scotland with the a...
17
|
Jan
|
IG Group buys investment platform Freetrade | BUSINESS SALE
Listed firm IG Group Holdings has bought investment platform...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.