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Sancho Panza

Liquidators Appointed To Blackpool Airport

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Insolvency News 20/10/14

'Liquidators have been appointed to the defunct Blackpool Airport, after the site failed to secure a buyer.

The airport closed on 15 October as its final flight departed, with approximately 100 staff being made redundant.

Blackpool Airport Limited (BAL) had been trading at a loss for “a number of years” and was wholly reliant on Balfour Beatty plc for funding.

Nick Cropper, partner at Zolfo Cooper, said: “It is with regret that we have had to close the business.

“The company’s business model relied on reaching approximately 500,000 passengers per annum to achieve break-even. However, as a result of the global economic downturn, competition from other airports in North West England and the loss of a key customer, these numbers have not been achieved and have remained at or around 250,000 per annum.

“We have worked hard alongside the management team to try to find a buyer for the business, but sadly no credible offers have been received.”

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“We have worked hard alongside the management team to try to find a buyer for the business, but sadly no credible offers have been received.”

There's unlikely to be any buyers for continued use as an airport seeing as it's failed at that already.

BUT - for sure fire success in the UK with zero risk although Balfour Beatty aren't noted for doing house building (apart from their link to Mansell Homes that is) for sure it will know someone who does.

The timing is handy as well seeing as there's a lot of noise at the moment about building new homes.

Edited by billybong

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Manchester airport especially is so well connected with its own train station, it's not even like Blackpool airport could claim any kind of convenience in its situation

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They must have spent a fortune on the seafront and the town centre redevelopments but it seems Blackpool can't be saved. The only thing it has going for it is that house prices are somewhat reasonable.

They will be dropping soon, I suspect there might be some prime development land available for housing or a nuclear reactor soon :lol:

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