I was thinking, what will happen to Lightwater Valley in the future? Will it close down? Will it get a new roller coaster or new flat rides? What are your opinions?
What's the point when they already have twisterukthemeparkfan said:Hi new member I think a small spinning coaster like twistosaurs at flamingo land could go in and maybe a flat ride brought from a travelling fair. But I don't think they can afford much more.
Well they clearly knew the place was ****ed. Won't be long until this company also realises the place is ****ed and they've wasted their time.Exciting News!!!
Leisure operator Brighton Pier Group has acquired the entire share capital of Lightwater Valley Attractions, it announced on Thursday, for consideration of up to £5m in cash.www.sharecast.com
For its last full year of uninterrupted trading, being the 12 months ended 28 February 2019, Lightwater Valley recorded sales of £5.1m, EBITDA of £1.1m, and pre tax profits of £0.6m.
Its board said it believed the “extensive space” at Lightwater Valley provided a “long-term growth opportunity” for the group to develop and expand the park.
That acquisition executed on the company's stated strategy to create a growth group, operating across a wide variety of leisure and entertainment assets in the UK.
It was the company’s intention to position itself as a consolidator in the sector.
“I believe that we can develop Lightwater Valley into the premier amusement destination across Yorkshire and the surrounding areas,” said chief executive officer Anne Ackord.
I think this has been the case for a while. The park has generally been profitable, just not profitable enough for any of the previous owners to take the plunge and invest to keep it that way.Obviously Covid was a disaster for the park, but good to see they were still turning a profit the year before, even if not huge - I’d been worried they were operating at a loss (and I’m sure they were last year of course).
“[The Ultimate] is not dead in the water. It needs some work doing on it, [but] we are more than conscious of its iconic status. “If we can do something with it, then we will. Obviously safety has got to be the priority, so in due course we will have a look at it and make sure it complies with modern standards. Ms Ackord described the Ultimate as “quite fascinating” and “quite a feature”. She said: “It is quite unique. There are options to shorten it a little bit [or] to change its track.” “You wouldn’t want something that large in your back garden and not be able to use it, would you?”
The problem is, there's now a big gap between the thrill tier of The Ultimate, and what the park decided to retain prior to the sale. They've not been a proper thrill park in a very long time, but were doing OK in the "something for all the family" market until last year.I think the owners will have to make a choice. Go back to being a thrill attractions park, or continue as a scaled-down operation?
That has a me a bit concerned, to be honest. I want to hope, but can't help feel like my hopes are about to be crushed. They seem to be implying they want to make more extensive changes to the ride than simple repair and maintenance. That implies that they're wanting to re-work the ride in order to reduce maintenance burden, which in turn suggests that they'd be looking to make changes to profiling, and reduce the insanity of the ride. There's a few places where you could probably smooth out the ride without impacting on it too much, like the turns into the tunnels at the end, but if they plan on trying to tame some of the other sections, it'll lose everything that makes the ride special. It's only the insanity of the ride that makes it stand out compared with its more sane competition; Take that away, and you're left with a dull, low level meander through some woodland. Here's hoping that doesn't happen.Ride Rater said:[The Ultimate] is not dead in the water. It needs some work doing on it, [but] we are more than conscious of its iconic status. “If we can do something with it, then we will. Obviously safety has got to be the priority, so in due course we will have a look at it and make sure it complies with modern standards. Ms Ackord described the Ultimate as “quite fascinating” and “quite a feature”. She said: “It is quite unique. There are options to shorten it a little bit [or] to change its track.”