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Photo: Wight Drone
Photo: Wight Drone

Ryde Arena Limited is to go into liquidation as it is felt by the directors that the company will not be able to trade again, it has been confirmed today (Monday).

In a statement issued on the company’s Facebook page it has been stated that the directors of Ryde Arena Limited have instructed BRI Business Recovery and Insolvency to assist them in placing the company into Creditors’ Voluntary Liquidation. It is said that the directors have taken this step because they believe that the company will not be able to trade again.

The liquidation will begin following a meeting of the company’s creditors which will be held on Thursday 17th November.

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The company ceased trading when the landlord forfeited its lease to Ryde Arena on 6th October 2016.

Some Islanders have bought tickets for shows at Ryde Arena which will not now take place. Other customers have paid in advance for skating vouchers and lessons, which the company will not now be able to honour. Ryde Arena Limited is unable to offer refunds to these customers.

Many of the tickets, vouchers and lessons were sold through the local deal website, The Price is Wight. Any customers affected in this way should contact The Price is Wight directly to see if a refund is possible, although the majority of customers have already had refunds arranged.

Those who paid for tickets, vouchers or lessons directly using their credit or debit card should contact their card provider to request a refund.

Any queries in connection with the liquidation or the meeting of creditors should be directed to Vivienne Finch of BRI by telephone on 01604 595609 or by email to [email protected]

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