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Extensive equestrian centre goes up for sale

Kingsbarn Equestrian Centre, near Fife, is now up for sale, after the company behind the centre — Jakem Ltd — was put into liquidation.

The property is on the market with rural property specialists Baird Lumsden for around £650,000. The company describes it as “an extensive equestrian facility in a prime central belt location.”

The centre is set in around 44 acres. It has a 75m x 60m international indoor arena, 75 indoor stables and 89 outdoor stables. There are also offices, a café and feed store, as well as potential development site, subject to planning permission.

Duncan Ferguson from Baird Lumsden said there was “significant ongoing interest” in the property.

Last year H&H confirmed that showjumping shows at the centre had been reallocated due to the liquidation, which followed a dispute between centre owner Jackie Kemp and a stakeholder.

The company reportedly has six-figure debts, as well as owing thousands to Falkirk Council.

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A spokesman for BS said showjumpers in Scotland should not be at a loss.

“We’ve had more centres come on board in the past 18 months so we have more venues than previously in Scotland,” he said.

The final court hearing for Jakem Ltd took place last month, and the company was placed into liquidation. On 19 January liquidators Grainger Corporate Rescue appointed Baird Lumsden to sell the property.

“Hopefully as a result of the process, the centre will come out the other side and find a buyer to get it up and running again,” said a spokesman from Grainger Corporate Rescue.

The centre originally opened in 2007 — costing £10m to build — owned by Stewart Aitken, but went into administration in 2009. Ms Kemp reopened the centre in under Jakem Ltd the same year.

Late last year Ms Kemp was under investigation by the Scottish SPCA after a social media campaign, entitled “Let’s stop this horse cruelty” was set up.

Scottish SPCA inspectors visited her premises days after the Facebook page went live in November.

In January an investigation into equine neglect at Kingsbarn EC was concluded, and there were no criminal proceedings.

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