Paris Smith’s insolvency and property teams have advised Livingstone Leisure Limited on the pre-pack administration acquisition of Flambards theme park which is based in Cornwall, UK.
Ian Cunningham (Director, Livingstone Leisure Limited), co-founder of Blue Reef Leisure and former operations director at the Eden Project comments that “We’re delighted to be able to officially announce the acquisition of Flambards. Great leisure opportunities are hard to find and so we’re very excited to have been able to acquire such a fantastic park with so much opportunity. We are looking to develop the park and museums over the coming months to greatly enhance visitor experience”.
Richard Atcherley (corporate and insolvency) led the team in relation to the acquisition and finance arrangements for the transaction. Joanne Spittles advised on property matters, David Roath on the employment aspects of the deal and Mike Pavitt on technical insolvency issues.
Cunningham said: “I have been delighted with the skill and professionalism the team at Paris Smith has shown in helping us complete the acquisition with the added pressure of a compressed timeframe. I wouldn’t hesitate to recommend Paris Smith to others looking for similar expertise.”
Flambards was originally owned by the Kingsford-Hale family since 1976, with the family developing the site into a 27-acre attraction offering visitors access to rides and museum exhibits.