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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.
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.
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.
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.