Derby trampoline park sold in pre-pack deal closes
A Derby trampolining park that was sold out of administration in June appears to have closed.
Bounce Revolution in Derby said earlier thus week that it was closing “for refurbishment”, but since then its website and Facebook page have disappeared.
When TheBusinessDesk.com contacted Bounce Revolution, we received an automated email back, saying: “Please be advised that Bounce revolution has closed. The team would like to thank you for your custom and support over the last two and a half years. Merry Christmas, Bounce Revolution.”
Some 38 jobs have been saved at trampolining centre, Bounce Health and Fitness (Derby), after the company was sold in a pre-pack deal.
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 at the time: “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.”
