The bidder is a management team led by the resort’s operations manager, Graham McCabe, but details of the deal remain confidential, joint receivers Blair Nimmo and Neil Armour of KPMG corporate recovery said today.
Nimmo said: ‘We are delighted to be able to make this announcement today, and are confident that the sale will complete by the end of July, which will save many important permanent and seasonal employment opportunities as well as a vital source of economic prosperity in the area.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies