Friday, April 3, 2009

Carlisle contractor Story buys theme park

Carlisle construction company Story Group has bought Lancashire theme park Camelot out of receivership.

Chief executive Fred Story plans to build houses on the land in the long term, reports the Business Gazette. The theme park, off the M6 at Charnock Richard, near Chorley, had been in receivership since February, but will reopen for this summer.

Joint receiver Lee Ross, of Grant Thornton, said: “This deal has secured more than 150 jobs [at the theme park] in the short term while the new owners submit a planning application for an alternative use for the site.”

Story Group recently made 18 of its staff redundant, blaming the "economic climate".

The firm, which has divisions in construction, house building and rail engineering, turned over ВЈ68.5m and made a ВЈ4.2m pre-tax profit in the financial year to March 2008.

It is also involved with a planned ВЈ120m Marina Village in Barrow, according to the Gazette.

Story, a former Carlisle United owner, established the firm in 1987.

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