A statement has been made on their official website saying
"It is with great sadness that London Pleasure Gardens Ltd has been placed into administration. We will issue more information within the next few days but would like to thank everyone who has supported us and our vision. The LPG team are working with the administrators to ensure the current situation is dealt with in the best possible way".
The troubled London Pleasure Gardens site entered voluntary administration after generating disappointing revenues. Newham Council released this statement on Music Week.
"The decision by London Pleasure Gardens Limited to enter into voluntary administration is regrettable but understandable. It is disappointing that the anticipated visitor numbers and revenue from recent planned events have not materialised."
