According to several reports the company behind the plans for a giant theme park in Kent has called in administrators after running up £100million in debt.
London Resort Company Holdings will now enter a financial restructure through a Company Voluntary Arrangement. This is a process in which creditors would see their debts converted into shares.
Despite the setback, London Resort Company Holdings insists the project is still ongoing, with new proposals for the development to be submitted later in 2023.
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