just to think though so much has happened in them 2 years with 2/3 lockdowns and construction pausing most likely so i imagine it wouldnt have taken that long to do it and it could have also had a budgetary issue witht it that could have paused construction too thats why that has taken so long i dont think anything like that will be an issue for looping or the park so i could see a summer opening june/july for pirates just a thought though
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Drayton Manor Park
- Thread starter Matty
- Start date
As we have been talking about the same thing for a decade now...betcha it doesn't open next year.
Someone with better knowledge said some years ago there was no cheap or quick fix for the ride, particularly regarding the repair or replacement of the pumps...or it would have been done years ago.
It's used as a storage warehouse, the doors open when they shift stuff.
There has been no mention of the rides return...unless that is the next major investment that has been spoken of...but I think that highly unlikely.
As always, time will tell.
Someone with better knowledge said some years ago there was no cheap or quick fix for the ride, particularly regarding the repair or replacement of the pumps...or it would have been done years ago.
It's used as a storage warehouse, the doors open when they shift stuff.
There has been no mention of the rides return...unless that is the next major investment that has been spoken of...but I think that highly unlikely.
As always, time will tell.
Themeparksandy1981
TS Member
I can see it coming back as another pirate themed attraction with a new name as the Looping group know they got 3 current pirate attractions with the dodgems, Jolly Buccaneer and the Bounty. It would cost so much more if they went for another theme as the building can we seen from every area of the theme park.
The looping group also have a good record of bringing back SBNO attractions. I didn’t think the rapids would be back after that was left for 4 years but they made it look even better than the original.
The looping group also have a good record of bringing back SBNO attractions. I didn’t think the rapids would be back after that was left for 4 years but they made it look even better than the original.
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Skyscraper
TS Member
- Favourite Ride
- Nemesis
Not if it is being used for storage, as @rob666 said.
BigShadowtinytree
TS Member
I guess it’s hard not to keep talking and speculating about the future of Pirate Adventure when the building isn’t hidden away, it’s right there in your face as a constant reminder. People bring it up on social media posts by Drayton all the time, so Looping must know people want to see something being done with it. I do hope they have future plans for it.
Themeparksandy1981
TS Member
The main entrance to the ride hasn’t been open since the start of the feb half term event 2020 as the boarding you see piled up is from the ice rink that was last used for the Christmas 2019 event. The queue line would only really need a minimum amount of work doing to it.
Themeparksandy1981
TS Member
Sorry for the double post but I found out how much Drayton Manor made under the looping group from September 2020 to September 2021
find-and-update.company-information.service.gov.uk
To make just over £4 million profit when they only open September, October 2020 then from April 2021 to end of August 2021 is fantastic.
On a sad note Drayton Manor park limited is no more
find-and-update.company-information.service.gov.uk
So can understand why they started the brand change over last month
DRAYTON MANOR RESORT LIMITED overview - Find and update company information - GOV.UK
DRAYTON MANOR RESORT LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
On a sad note Drayton Manor park limited is no more
DRAYTON MANOR PARK LIMITED filing history - Find and update company information - GOV.UK
DRAYTON MANOR PARK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
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Trooper Looper
TS Member
If you want to talk about what you'd like to see in Pirate Adventures building, I've already made a Thread related to this just down below. I've already done a concept and some quick sketch on what I'd do with Pirate Adventure.
Your Theme Park Ideas and Concepts
Hi there people. As many of us Theme Park Fanatics/Enthusiasts have an obvious passion for Theme Parks, that being obvious, I've always wondered if some of us out there have had an idea or 2 for Theme parks or specific attractions on what you would do with them, like rethemes or flat out new...
towersstreet.com
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ehaolej???If you want to talk about what you'd like to see ehaolej in Pirate Adventures building, I've already made a Thread related to this just down below. I've already done a concept and some quick sketch on what I'd do with Pirate Adventure.
Your Theme Park Ideas and Concepts
Hi there people. As many of us Theme Park Fanatics/Enthusiasts have an obvious passion for Theme Parks, that being obvious, I've always wondered if some of us out there have had an idea or 2 for Theme parks or specific attractions on what you would do with them, like rethemes or flat out new...
Magic mushroom season?
Trooper Looper
TS Member
My thumbs are too big for my phone XD
Jb85
TS Member
Sorry for the double post but I found out how much Drayton Manor made under the looping group from September 2020 to September 2021
To make just over £4 million profit when they only open September, October 2020 then from April 2021 to end of August 2021 is fantastic.DRAYTON MANOR RESORT LIMITED overview - Find and update company information - GOV.UK
DRAYTON MANOR RESORT LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
On a sad note Drayton Manor park limited is no more
So can understand why they started the brand change over last monthDRAYTON MANOR PARK LIMITED filing history - Find and update company information - GOV.UK
DRAYTON MANOR PARK LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
That’s an awful lot of money to make in that period of time - considering restrictions
I haven’t read the accounts - but is there any revaluation of assets after the takeover, realisation of government grants into income, etc that is driving the profit?
I only ask as you question how a profitable company went into administration
The problem was huge amounts of debt, if they didn't have the debt and the large amounts of repayments the business was profitable, but unfortunately they got to the point where they could no longer service (pay) what they owed.
DistortAMG
TS Member
- Favourite Ride
- POTC Disneyland Paris
Indeed. Because the old limited (liability) company is now no more, all the debt owed would be owed to the old company. Not the new one......I think. Hence the profits.
Jb85
TS Member
I get that - I’m an accountant
It’s just seemed a lot of profit for a short period of time during restrictions. Seems the core business is clearly strong but was mismanaged. Good for the future. Nice cash balance as well.
I find it really interesting reading the accounts. £26 million generated in revenue from the theme park and just under £4 million from the hotel. I find all of these statistics and numbers fascinating. Quite a big difference between these accounts and the ones from Drayton Manor Park Limited back in the day!
Themeparksandy1981
TS Member
The hotel suffered a lot as with the restrictions the government still had in place to July last year. I guess also with wedding that couldn’t go ahead in 2020 and half of 2021 so they honouring them as well as new booking. It be interesting to see how well both have done from sept 2021 to sept 2022.
From memory I think the deal with Looping for the park was just £15m to the Bryans and them agreeing to take on all of Drayton Manor's debt. So maybe Looping just paid all the debt off at the point they bought it. Hence why it's now so profitable compared to before?
Therefore it could just mean the debt has been transferred from the operating company to the holding company that acquired Drayton?
Therefore it could just mean the debt has been transferred from the operating company to the holding company that acquired Drayton?
No, I don't think any debt was transferred. Due to the old company (DMP Limited) going into administration, all of the debts associated with the old company would be dealt with the liquidators. The new company was setup by Looping, with all of Drayton Manor's assets being acquired with no debt.
Benjsh
TS Member
- Favourite Ride
- Steel Vengeance
They should easily be able to improve on 26million too. The park has been known to get about 1m visitors a year so when you factor in admission, F&B and merch then I'd say they should and probably will be aiming for north of £30m from the park alone.
AT86
TS Member
Looking through the latest accounts they also include a £1.3million government grant which will have helped them with covering their costs, flowing through into the improved profitability versus the previous owners.
It does also seem they have a better control over their costs versus the last set of accounts under the Byans term in charge. Perhaps helped by the economies of scale that an operator with multiple attractions can command.
It does also seem they have a better control over their costs versus the last set of accounts under the Byans term in charge. Perhaps helped by the economies of scale that an operator with multiple attractions can command.