Fri, 07 Jan 2011 | ADMINISTRATION
A Scottish golf course and hotel have entered administration partly due to a lack of investment in the area.
The Islay Golf Club and the 16-room Machrie Hotel are now under the control of administrators Blair Nimmo and Tony Friar of KPMG.
Three members of staff have been retained to assist the administrators and to maintain the golf course, while 15 others have been made redundant.
A lack of investment on Islay, consumers' increasingly cautious spending habits, water supply issues and the volatile economic climate have been cited as contributing factors to the group's present situation.
Joint administrator Mr Nimmo said he remained confident about the future of the businesses: "Both the hotel and golf course have excellent reputations and are regarded as destination venues for visitors to Islay.
"Taking Islay's prominence as a tourist hot spot into account with its high number of whiskey distilleries and other attractions, we are optimistic a buyer will be found for this quite excellent facility."
Designer Willie Campbell created the Machrie Golf Links course in 1891. It has, in more recent years, been named as one of the top 100 golf courses in the world.
The hotel and 71-par course are owned by Mendougal and run by Machrie Hotel & Golf Links Ltd. Machrie Hotel has 16 bedrooms, 15 lodges, a restaurant a number of shops. Further assets include land for development.
Utilises a large fleet of articulated units and trailers to provide transportation and delivery services depot-to-depot via fully loaded trailers. Provides its comprehensive service offering for several blue-chip organisations. Receives a high volume...
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.