CML Realisations Limited (SC043599): administration
- Status
- Administration ended
- Administration began
- 2018-11-29
- Formerly
- Cairngorm Mountain Ltd.; Cairngorm Chairlift Company Limited
- Incorporated
- 1966-06-08
- Location
- Renfrew
- Industry
- 93290 Other amusement and recreation activities n.e.c.
Why it went into administration
- Weather / natural events
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was formed in 1966 as Cairngorm Chairlift Company Limited, with its principal activity being the operation of snow sports and other activities on Cairn Gorm mountain in the Scottish highlands.
In 2001 the Company changed its name to Cairngorm Mountain Ltd., the timing of which was around the opening of the funicular railway, to transport mountain visitors and skiers from a base station to a ski school and restaurant more than 1,000 metres up the mountain.
Turning to more recent history, in June 2014 the Company’s shares were purchased by Natural Assets Investments Limited (“NAIL”), following a public tender process led by Highlands & Islands Enterprise (“HIE”). The Company entered into a 25 year operating lease with HIE (owners of the Cairngorm Estate).
Administrators' statement of proposals (2019-01-23) · Companies House register