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Leisure site sold out of administration 2 September 2014

Administrators have completed the sale of a Bedford-based leisure site out of administration.

Operated by Flowhouse (Bedford) Limited, the site includes flow-rider machines and cafés. The company’s other site in Castleford could not be sold however and was subsequently closed.

The company had suffered from cash flow difficulties, exacerbated by a fine levied upon the company and it was not in a position to pay its debts when they fell due.

The fine was incurred following an incident which saw the company’s zip-wire facility closed in 2011.

Daniel Plant and Simon Plant of SFP Group were appointed as joint administrators to the company on 21 August.

Daniel Plant, partner at SFP Group, said: “Flowhouse (Bedford) experienced cash-flow difficulties due to its Castleford operation not being as successful as had hoped and following the fine being levied upon the company, the company was no longer able to pay its debts.

“Thankfully, we have been able to complete a sale of the business and assets at the Bedford operation with the preservation of the jobs at this site. We have, unfortunately had to make staff redundant at the Castleford site.

“We understand that customers with deposits/vouchers that have been paid in relation to activities at the Castleford site and do not wish to redeem these at Bedford will be able to claim a refund.”

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