Wet N' Wild attraction closed by administrators

The Northern Echo: Wet N' Wild Wet N' Wild

A NORTH-EAST water park has gone into administration, putting almost 70 jobs at risk.

PwC has been appointed as joint administrators of Wet N' Wild Enterprises Ltd which operated an indoor water park at Royal Quays in North Shields, and employed 69 staff.

When it opened in 1993 the Tyneside attraction claimed to be the largest facility of its kind in the UK.

Toby Underwood, joint administrator and partner at PwC, said: 

"Despite operating profitably for much of the year the business faced liquidity issues over the forthcoming months. The directors therefore had no option but to place the company into administration.

"Unfortunately, with the quieter winter trading period upon us we have had no alternative but to close the waterpark with immediate effect and make the majority of employees redundant. We will continue to maintain the water park whilst seeking a sale.

"Clearly we are very keen to hear from anyone with an interest in acquiring the business and assets, and would encourage parties to contact us as soon as possible."

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