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.
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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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