Queensborough Holdings was also in ownership of the Pleasurewood Hills Theme Park at the time. Both parks were operated by Leisure Great Britain, part of Queensborough Holdings. However, the new owners put the park back up for sale within 11 months of buying it as they decided to re-focus their business. However, no bid was accepted during the following few years. The park was given a new lease of life in February 2001 when Lightwater Valley was bought by Ball Investments who used Heritage GB to manage the operations.