Dreamland amusement park enters administration

The future of Margate's Dreamland is in doubt. The vintage amusement park re-opened in June after a multi-million pound restoration but the owners called in administrators on Friday.

Live updates

  1. Tom Savvides

Is the dream over for theme park Dreamland?

It's been back in business for less than a year but the future of Margate's Dreamland is once again in doubt. The vintage amusement park which re-opened in June after a multi-million pound restoration has called in administrators on Friday. Tom Savvides reports.

Administrators called in but Dreamland 'WILL stay open'

Credit: ITV Meridian

The operators of Dreamland in Margate have entered administration, but they insist the attraction will remain open for the summer season.

The amusement park, which reopened in June last year after more than a decade of campaigning, is run by Sands Heritage Ltd, which entered trading administration on Friday.

It's been a rollercoaster ride at the amusement park Credit: ITV Meridian

The attraction has had a rollercoaster twelve months - Sands Heritage entered into a voluntary debt plan last December when it was revealed the company had made a net loss of £5 million since opening on June 19.

The neglected wooden roller coaster before its restoration Credit: ITV Meridian

It's understood Benjamin Wiles and Paul Williams, Managing Directors of Duff & Phelps, global valuation and corporate finance advisor, have been appointed Joint Administrators.

More as we get it.

Advertisement

Back to top