"Laurent Bruloy, chief executive officer of the Looping Group, said: "We are thrilled and proud to welcome Drayton Manor Park and its talented team to our group. Express & Star Business Editor at head office, Wolverhampton. "These factors combined exacerbated cash flow pressures on the group. Drayton Manor has filed notice of its intent to appoint administrators. Welcomes all news of companies and business organisations. Theme park and zoo Drayton Manor, which is marking its 70 th anniversary this year, has been sold out of administration in a pre-pack deal.. Mike Denny and Peter Dickens of PwC were appointed as joint administrators Drayton Manor Park Ltd, Drayton Manor Park (Catering) Ltd and Drayton Manor Park Hotels Ltd on 3 August 2020. A family-run theme park hit by Storm Dennis and coronavirus has been sold after entering administration.

"Looping Group's commitment towards a very ambitious investment plan and its pledge to reinvest profits primarily back into the park, made it a natural and very appealing fit for us.

The park says it is at a “very advanced stage” of securing “fresh investment” which would not result in any job losses. The Staffordshire venue is less than an hour's drive from NottinghamWant the best Nottingham news by 9am every day?

The previous reporting period showed a loss of almost £3.9 million. About 600 people were employed at Staffordshire Park and their jobs were protected, administrators said. The Staffordshire theme park and zoo will continue to operate as normal, owners have said in an email to staff. The attraction has introduced an innovative virtual queuing system in certain areas of the park, which allows guests to queue digitally via the Drayton Manor Park app. Drayton Manor, which reported a loss of £1.8 million in the year to February 2019, is currently open seven days a week and is operating as normal. The popular Staffordshire theme park has reportedly announced its intention to appoint administrators unless a cash injection can be found – placing thousands of jobs at risk. Drayton Manor in Tamworth has been run by three generations of the Bryan family since it opened in 1950. The group operated Drayton Manor … Not to forget all those who may loose their jobs too, which will be very sad for all involved. The Staffordshire theme park and zoo will continue to operate as normal, owners have said in an email to staff.RideRater understands that the Mellors Group, which took over Fantasy Island in 2016, was initially positioning itself to acquire the Tamworth attraction.The group registered the company Drayton Manor Operations Limited on 13 July, but their current intentions have not been confirmed.Drayton Manor has been operated by the Bryan family since its founding in 1950.The park said it was at a “very advanced stage” of securing “fresh investment” which would not result in any job losses.The park reopened on 4 July following several months of enforced closure due to the COVID-19 pandemic.It reported a loss of £1.8 million in its latest accounts, which covered the year to February 2019. Drayton Manor’s on-ride photo company (Picsolve) have entered administration. However, this week it was announced the … Drayton Manor theme park is reportedly on the verge of collapsing into administration. The theme park has been operated by the Bryan family since it was founded by George and Vera Bryan in 1950. You can unsubscribe at any time. The park was forced to close in February after being flooded during Storm DennisDrayton Manor Group, which owns a restaurant and hotel company adjacent to the theme park, faced “exceptionally difficult conditions,” said Mike Denny, directors of PwC.“In February, Storm Dennis forced the park to close unexpectedly as its scheduled reopening in March was delayed due to Covid-19,” he said, adding that these factors had “exacerbated” the problems.

Sign up to our newsletter!Drayton Manor theme park has been rescued by a French leisure giant after falling into administration.The Staffordshire venue, less than an hour's drive from Nottingham, will be taken out of the hands of the Bryan family for the first time in its 70-year history after appointing administrators from PwC on Monday, August 3.It said the administrators have now sold the company to the UK arm of Looping Parks, which runs 15 leisure parks across the UK, France, the Netherlands, Switzerland, Germany, Spain and Portugal.In the UK, the group already runs West Midlands Safari Park and Pleasurewood Hills near Lowestoft.The administrators said the business was weighed down by "exceptionally challenging trading conditions".Mike Denny, joint administrator and PwC director, said: "In February, Storm Dennis forced the park to close unexpectedly, whilst its planned reopening in March was delayed due to Covid-19. In an email to staff the owners of the tourist attraction, which includes Thomas Land and is home to the Shockwave rollercoaster, have said it will continue to operate as normal. Earlier this year Drayton Manor was forced to close for 12 days due to severe flooding in the park in the aftermath of Storm Dennis in February when the main lake burst its banks, causing significant flooding. William Bryan, managing director at Drayton Manor Park, said: "For us, finding a buyer who would protect jobs was key, as was finding one who would continue to operate and develop the Drayton Manor Park our guests know and love. The new ticket offer is available until Saturday, October 31. These cookies will be stored in your browser only with your consent. It reopened to the public on July 4 after several months of enforced closure due to the Covid-19 pandemic. Drayton Manor theme park has been rescued by a French leisure giant after falling into administration. We'll assume you're ok with this, but you can opt-out if you wish.

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