THE scale of debt which caused a leisure facility to close down has been revealed.

Jump Factory, in Daneshill Industrial Estate, ceased trading at the end of June with business rescue specialist Begbies Traynor appointed as administrators in the middle of July after being approached initially in May.

Begbies Traynor has stated the firm had debts in excess of £700,000.

Julie Palmer, partner at Begbies Traynor, said: “Following a thorough assessment, it was clear that the business did not have a viable future in its current form and the only option was to sell its assets, mainly in the form of trampolines, along with the goodwill as a going concern.

“Sadly, because the trampolines were designed specifically for the site in Daneshill Industrial Estate, it proved difficult to transfer them to another location, so their actual value at sale was considerably less than their original purchase price.

“After lots of initial interest in the trampoline park, the number of customers dropped off and trade became seasonal, peaking during holidays. This, along with unserviceable debts, resulted in the closure of the business.”

However, the trampolines and other equipment have now been bought by Warwickshire-based Active Nation UK Ltd. Active Nation which has re-opened the facility at the existing site.

It is prepared to honour all pre-booked and paid for events subject to certain conditions.