Derby trampolining centre sold in pre-pack deal

Some 38 jobs have been saved at trampolining centre, Bounce Health and Fitness (Derby), after the company was sold in a pre-pack deal, TheBusinessDesk.com can reveal.

The company, which traded as Bounce Revolution, called in Leonard Curtis Business Rescue and Recovery on 7 June June 2018 with Richard Pinder and Sean Williams appointed as joint administrators.

A spokesperson for Leonard Curtis told TheBusinessDesk.com “The business entered administration as a result of high fixed costs, increasing insurance costs and a reduction in revenue which meant the company suffered a build-up of trade liabilities. The directors had made attempts to raise additional working capital, but given the company’s financial position this was not possible.

“Legal action was imminent and therefore appropriate steps were taken by the director to preserve the business.

“After a period of marketing, the administrators concluded a pre-packaged sale of the company’s business to a connected party. This resulted in the transfer of all 38 employees to the new purchasing entity.

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