Dreamland Margate has been placed into administration less than a year after it re-opened.
The operators of the Kent amusement park have struggled turn the business around, following its re-launch after ten years in June last year.
The park has been dogged by problems including delays with the restored Scenic Railway wooden rollercoaster, which was not ready until October.
Dreamland’s £18 million re-launch was followed by an announcement in January this year that creditors had given operator Sands Heritage five years to repay £3 million debts.
Benjamin Wiles, managing director of Duff and Phelps administrators, said the park was open and it was “very much business as usual”.
He said: “With a full programme of high profile events throughout the year, new rides and the opening of the Hall by The Sea in 2016, Dreamland is now in position to have an outstanding year.”