Sandy Bay Caravan Park Ltd is responsible for Sandy Bay Caravan Park, on Sandbank Road, and was incorporated in 2007 by Frances and Andrew Wall.
But on November 3, Kevin Pinkerton and Gareth Hunt, of independent insolvency practice Business Rescue Expert, were appointed as the company’s administrators.
The company entering administration comes just weeks after it reported six-figure sums for net assets and cash at the bank.
Its unaudited abridge accounts, shared on October 28 and correct up to September 30, showed net assets of £439,113 and cash at the bank of £409,854.
The accounts also showed current liabilities (financial obligations/debts) had fallen from £97,828 to £43,087.
Sandy Bay Caravan Park is…