HANGTIME One Limited, the franchise-holder of the Flip Out Trampoline Centre in Blackburn, is set to go into voluntary liquidation.

The trampoline centre, which operates inside the Soccerdome on Haslingden Road, created more than 80 jobs when it opened in July 2017.

But on Friday a meeting is due to be held between the directors of Hangtime One Limited, and a board of insolvency practitioners to establish the future of the private company.

Since the announcement, speculation arose as to whether staff at the centre would lose their jobs and if, indeed, Flip Out in Blackburn would cease to operate as a business.

However, directors of Hangtime One Limited want to reassure all those employed at the Haslingden Road site that despite their insolvency, Flip Out is to remain open and will be taken over by Flip Out UK.

A spokesperson for Hangtime One Limited said: “Nobody is going to be losing their jobs as a result of this.

“Flip Out in Blackburn will still be open and will continue to operate but will be taken over by Flip Out UK.”

Directors of Hangtime One Limited will meet on Friday for the purposes mentioned in Section 100 of the Insolvency Act 1986, which is to appoint a liquidator.

The trampoline centre on Haslingden Road is Lancashire’s largest trampoline theme park and caters for up to 250 jumpers across a 40,000 square-foot site.

It is kitted out with 140 interconnected trampolines, foam pits, a ‘total wipeout’ course, a trampoline football zone, ‘ninja warrior’ course, dodge-ball, battle beams, slam dunk basketball hoops, as well as a designated kid trampoline zone for children of six years and under.

BM Advisory, the insolvency practitioners who are dealing with Hangtime One Limited, have been contacted for a statement but neglected to respond.

A spokesperson for Flip Out UK said: “Flip Out Trampoline and Adventure parks are run as a franchise operation of which the Blackburn centre was owned and run by Hangtime One Limited.

“Hangtime One was a totally separate entity to the remaining centres and as such will have no effect on the group.

“Flip Out UK, the master franchise, has now resumed control of Flip Out Blackburn and is doing a fantastic job of maintaining the facility and making sure no job losses are experienced.

“We will continue to provide the local community with this great trampoline experience.”