The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Company Behind The London Resort Calls in Administrators

Company Behind The London Resort Calls in Administrators
23 March 2023

The company behind the theme park that was billed to be the UK’s answer to Disneyland has appointed administrators.

London Resort Company Holdings (LRCH) will enter a Company Voluntary Arrangement (CVA), where the company will be able to renegotiate its debts. According to a report by KentOnline, the company incurred £100 million worth of debts.

The theme park was planned to be one of the largest single-site employers in the UK, creating over 6,000 construction jobs and employing 8,700 employees by 2024.

Wildlife groups opposed the project from the outset, as the construction of the park would have seen over 100 hectares of habitat concreted over at Swanscombe Peninsula. In March 2022, the application for the London Resort with withdrawn due to issues with moving one of the site’s proposed ferry terminals. Swanscombe Peninsula’s designation as a site of special scientific interest (SSSI) also contributed to the project being halted.

For more on The London Resort story in more detail, read the article here.

Picture: a photograph of the proposed site showing one of the many parks, featuring a large castle. Image Credit: The London Resort

Article written by Ella Tansley | Published 23 March 2023


Related Articles

What is Happening With The London Resort?

Proposals for a multi-billion pound theme park in North Kent that was due to open in 2024 have been scrapped – let’s take a look at...

 Read Full Article