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alan


Posts: 10768
Joined: Nov 1994
Last Visited: 19:43
29th Feb 2024
What's this?What's this?What's this?
CML has gone bust
Date Posted: 14.01hrs on Thu 29 Nov 18
Hearing that CML is in or about to enter either liquidation or administration!
ropetow


Posts: 202
Joined: Sep 2006
Last Visited: 09:08
13th Apr 2021
Re: CML has gone bust
Date Posted: 14.01hrs on Thu 29 Nov 18
old news.....
StevieMcK


Posts: 1160
Joined: Feb 2003
Last Visited: 13:25
29th Apr 2019
Re: CML has gone bust
Date Posted: 14.08hrs on Thu 29 Nov 18
alan


Posts: 10768
Joined: Nov 1994
Last Visited: 19:43
29th Feb 2024
What's this?What's this?What's this?
Re: CML has gone bust
Date Posted: 14.23hrs on Thu 29 Nov 18
Another Link: [www.insider.co.uk]

It is still trading at present, but obviously deeply worrying for suppliers and season pass holders who’ll now be at the mercy of a new company. CairnGorm Mountain (Scotland) Limited was incorporated 3 days ago with HIEs office as the registered office. Possible attempt at a pre pack admin though article above says discussion to sell it as a going concern has not been progressed.

Hopefully NAIL will swiftly depart the Highlands and Islands now and various local assets that should be in local or community hands will be placed with a more appropriate operator that keeps senior staff and roles in the Highlands in line with HIEs statutory objectives.
some frustrated skier


Posts: 236
Joined: Mar 2003
Last Visited: 21:55
16th Feb 2021
Re: CML has gone bust
Date Posted: 14.31hrs on Thu 29 Nov 18
But what company owns the assets? Not 100% clear from other threads etc?

HIE must now admit the who lease idea was/is a disaster.

Community interest company is the only way forward or a totally private company like all the other ski areas.
SnowmanDave


Posts: 186
Joined: Dec 2013
Last Visited: 12:36
3rd Mar 2021
Re: CML has gone bust
Date Posted: 14.51hrs on Thu 29 Nov 18
WOW...

about time too....

& yes HIE own all 100 shares in the new company....looks like NAIL wanted too much for the share in the old company & the old company is worthless now due to the funicular repair costs etc...

The land is effectively owned by HIE under a different name.....the buildings/train set are owned by HIE....& none is part of the operating contract...you get to play with but not own...

the only thing that is owned by NAIL & CGML is small movable stuff.....maybe the piste bashers, ski hire stuff etc...

HIE have paid for the snow factories...

---That was not a fall, I intended to do that!---
growwild


Posts: 3550
Joined: Oct 2005
Re: CML has gone bust
Date Posted: 18.45hrs on Thu 29 Nov 18
They should have got more big number goodies before they folded it..

Wit they called now, Snow Exposed Virtual Cockup Organisation?

SEVCO for short winking smiley
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