Robin Hill, a beloved attraction, listed for sale on Island Echo

2023-10-02 22:02:03

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Robin Hill Country Park for Sale Due to Financial Turbulence

Robin Hill Country Park, a popular attraction based in the Isle of Wight, is being put up for sale by its owners Vectis Ventures. The decision comes after a prolonged period of financial turbulence, which the company attributes to the impact of COVID-19 and the cost-of-living crisis. The park has also seen a decline in visitor numbers due to unfavorable weather conditions over the past couple of seasons.

Vectis Ventures, the holding company that controls Robin Hill Country Park and Blackgang Chine, plans to sell Robin Hill to strengthen its balance sheet, repay debts, and free up funds for further investment in Blackgang Chine.

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Implications for Robin Hill and Job Losses

Although Robin Hill is being sold as a going concern, some individual attractions are expected to be transferred to Blackgang Chine in the future. However, the sale announcement comes with the news of potential job losses. About ten jobs are at risk, and the company is entering into consultation with its workforce to address the situation.

The financial strain has also led to the cancellation of the POLAR experience event in December and the new Christmas Party nights. Refunds will be provided to those who had made deposits for these events.

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Quotes from Alexander Dabell, Owner of Vectis Ventures

"It is with a heavy heart that we have taken the decision to sell Robin Hill. It is a much-loved attraction and has given millions of visitors great pleasure and memorable visits over many years.

"The stark reality is that without a sale, the debt created through Covid loans would need to be extended further into the future, preventing investment in the short term.

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"Visitor numbers have been affected by the very poor weather we have seen in the past two seasons, which has given us no choice but to sell Robin Hill and focus our investment in Blackgang Chine. We have every hope that it will flourish under new ownership when a suitable buyer can be found."

Cancellation of Events and Refunds

Due to the decision to sell Robin Hill, certain events, including the POLAR experience and Christmas parties, have been canceled. However, the company assures that full refunds will be provided to those who had made deposits, ensuring no financial loss for customers.

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Robin Hill Country Park, occupying an 88-acre site, has been a beloved attraction since its opening in 1971. Apart from its regular events, the park was previously the venue for Bestival until it relocated to Dorset in 2017.

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