It is with deep regrest that i have to inform you, our valued customers that Hangtime Ltd has ceased trading due to insolvency. Following a terrible 3 years trading during the current recession we have simply been unadble to make enough money to pay suppliers, pay for overheads, re-stock and continue to teach kitesports with our full and proper insurances and equipment.
The reality is that current times are extremely hard for all business' and a small kite store such as ours really had very little chance of survival despite us supporting the business by injecting new capital. Eventually we had to make a very difficult descision to cease trading and enter into voluntary insolvency.
My biggest regrest and shame is for people who have purchased Vouchers from us for lessons but i am assured by the insolvency practitioners that if you paid by credit card you will be able to gain a refund as the product is insured. Whilst i would love to still teach those of you who have valid vouchers the reality is that we do not now have the insurance, infrastructure and equipoment to teach you.
I will however continue to teach through Fleetwood Kite Club but not for profit and purley on a voluntary basis.
I realise that there will be some people who will be justifiably upset with our descision but the reality is that we could not afford to continue the business and i hope that people will understand our descision and actions. We have enjoyed greatly the Fleetwood Beach and lancashire coastline and wish you all the happiest of times in the future.
Yours
Alex Fishpool
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