WET 'N' Wild Enterprises Ltd (07577315): administration
- Status
- Administration ended
- Administration began
- 2013-10-14
- Administrators' firm
- PwC
- Formerly
- Crookham Limited
- Incorporated
- 2011-03-24
- Location
- Leeds
- Industry
- 93210 Activities of amusement parks and theme parks
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Wet ‘n’ Wild Enterprises Limited was formed in March 2011 and operated an indoor water park in North Shields, Tyne and Wear and employed 69 members of staff.
The Water Park was bought by the existing management team from the administrators of Tyneside Waterpark Limited in January 2012.
When it opened in 1993, the Water Park claimed to be the largest of its kind in the UK. The business was profitable during peak summer months and school hohdays, and typically loss making between November and February.
Administrators' statement of proposals (2013-12-05) · Companies House register