AN East Lancashire stables that provided horses for the London 2012 Olympics is facing closure.

A petition to wind-up Gisburn-based Panama Sport Horses UK Ltd is set to be heard in Manchester at the end of the month.


The business, which was set up by Carol Richardson 21 years ago, is housed in the Gisburne Park Estate.

According to the London Gazette, the petition was brought by a party that claims it was a creditor of the company.

If the petition successful, it will be put into liquidation.

The stables hit the headlines in March following the conviction of a reputed Glasgow gangster, who assaulted three men after a row at the site in October 2013.

Blackburn’s Magistrates heard how Frank Carberry attacked the men alongside his pregnant daughter, Nekole.

The court also heard how the tenants of the stables, Panama Sports Horses, had forfeited the lease owing £82,000 in unpaid rent to landowner Guy Hindley.

A spokesman for Gisburne Park Estates said: “This episode has been a very troubling time for the estate and the Hindley family.”

The petition will be heard at The High Court of Justice in Bridge Street West, Manchester, on Monday, September 29, from 10am.

Creditors can apply to the court to wind up a company if it can’t pay its debts of more than £750.

The stables are named after the hat her husband was wearing while bidding for a horse more than 30 years ago. Situated on the Pennine Bridleway, the yard was also the training ground for the horses used in the 1952 Helsinki Olympic Games.

Mrs Richardson’s husband, Nick Saville, said that the pair would not be commenting at this time.