In 2009, World Tourist Attractions had merged with Great Wheel Corporation to form
Great City Attractions, In May 2010 it was reported that Great Beijing Wheel Co., the company set up to build the tall
Beijing Great Wheel, under construction since 2007, had gone into
receivership after breaching the conditions of a loan. On 23 December 2010, the holding company WTA Global Holdings, which traded as World Tourist Attractions, went into administration, having hit financial difficulties due to the seasonal nature of its trade. At that time, it was operating five large transportable wheels in the UK, in
Dublin, Liverpool,
Manchester, Weston Super-Mare, and Hyde Park in London. Some proved not to be viable during the off-season, while others simply failed to make the profits initially predicted. The company collapsed owing £16.4 million, including £8.9 million to unsecured creditors, who were expected to get nothing. Early in 2011 the assets of WTA Global Holdings were bought out of administration for £230,000 by Great City Attractions, operating as a subsidiary of Elliot Hall Ltd, a new company set up by WTA Global Holdings director Elliot Hall. had also gone into administration. It ceased trading the following month. In May 2013 the
Singapore Flyer went into receivership, and accountants Ferrier Hodgson were appointed as receiver and manager of the company's charged assets. ==Unbuilt projects==