Waltzers Limited (SC518715): administration
- Status
- Administration ended
- Administration began
- 2020-04-27
- Administrators
- Stuart Robb, Michelle Marie Elliot
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2015-10-26
- Location
- Glasgow
- Industry
- 93210 Activities of amusement parks and theme parks
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Weak consumer demand
- Property / lease costs
From the administrators' statement
Established in 1996, the Group operated from premises at Strathclyde Country Park (“SCP”) which was held under a ground lease with North Lanarkshire Council (“NLC”). The Group employed 170 staff at as at 23 April 2020.
As noted above, Waltzers operated as a holding company with a 100% shareholding in Leisure and Inns. Leisure and Inns undertook various hospitality and leisure operations at SCP including M&Ds Theme Park and the Alona Hotel,
The Group had faced a number of challenges over the past few years, most notably an accident at the Theme Park in 2016. This incident, in addition to the significant disruption caused by road works on the Bellshill bypass
Administrators' statement of proposals (2020-05-11) · Companies House register