It's a document produced by those charged with realising the assets of a company that has gone into administration and settling its debts. Consequently bidders will be expected to demonstrate a credible access to finance.". Highlands and Islands Enterprise (HIE), which owns the Cairngorm Mountain resort near Aviemore, will foot part of the bill. It makes clear what happened when Natural Retreats realised that a combination of the funicular being out of operation and other factors meant administration was inevitable. The Mountain Bothies Association was established in 1965, becoming a Scottish charity in 1975, to take on the basic care and maintenance of some of these shelters, with the cooperation of the owners who sometimes help financially. Video, 'We got a lot of grief when our photo became a meme', MP 'lost most of cervix after delaying smear', Sheku Bayoh witness contradicts police evidence, UK coronavirus cases up by 38,598 on Sunday, BBC apologises for Phil Spector death headline, Chip-shortage 'crisis' halts car production, Four guilty of murdering boy stabbed 40 times, Pretty people who keep ugly secrets... iPlayer, Boost your immune system effectively. That's where the Administrator's Statement came in handy. A snowsports business boss has offered his help to haul CairnGorm Mountain … Someone is being admitted to hospital with coronavirus every 30 seconds, the health secretary says. HIE, which owns the Cairngorm Estate, awarded Natural Assets Investment Limited (Nail) a … He said: "We know our tourism and hospitality sectors have been among the hardest hit by the pandemic and in Badenoch and Strathspey a quarter of the workforce is in the accommodation and food services sectors - more than double the proportion for the Highlands and Islands as a whole. The new arrangement has seen the ownership of current operator Cairngorm Mountain Ltd transfer from HIE to Natural Retreats. The Spey, which is the second longest river in Scotland, ri… Natural Assets Investment Limited and Natural Retreats share directors. The Cairngorms National Park covers an area of 4,528 km (1,748 sq mi) in the council areas of Aberdeenshire, Moray, Highland, Angus and Perth and Kinross. Until 2014 they ran the mountain through an operating company - CairnGorm Mountain Limited. What’s the real story? When we asked HIE about that they confirmed that had been negotiated at the point of handover and represented an industry standard level of fee. What’s the real story? The first bothy to be restored was Tunskeen. Natural Retreats UK was the company which provided services to the companies owned by Natural Assets Investment Ltd, including Cairngorm Mountain. So whatever is realised by the administrators could largely be paid back to NAIL. More information can be found at News & Events - Cairngorm Mountain. Find out which A list celebs they are after this time around, 18 lip-sync anthems to kick-start your week, Get in the Drag Race UK spirit with RuPaul's legendary mix, .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}'We got a lot of grief when our photo became a meme'.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Capitol security scare ahead of Biden inauguration2, MP 'lost most of cervix after delaying smear'3, Sheku Bayoh witness contradicts police evidence4, UK coronavirus cases up by 38,598 on Sunday5, BBC apologises for Phil Spector death headline6, Chip-shortage 'crisis' halts car production7, Four million in UK get their first Covid vaccine8, Four guilty of murdering boy stabbed 40 times9, Woman 'so lucky' after swan crashes through window10. Skiers ignore Covid rules to flock ‘from Tier 3 and 4 areas of England’ to Cairngorm Mountain as crowds block access roads with cars despite … There are also other leisure companies registered at Companies House where the same names come up over and over again. Until 2014 they ran the mountain through an operating company - CairnGorm Mountain Limited. Access via the ski road is restricted to essential maintenance staff and Cairngorm Mountain Rescue Service. Cairngorm Mountain • Recurring themes, ideas and aspirations • Consensus statements, where common ground exists Engagement with stakeholders who have a relationship with the estate and directly affect, or are affected by, the operation of Cairngorm Mountain. Leader Margaret Davidson said: "We recognise the importance of the Cairngorm area in terms of tourism and the environment. That holds out hope for all our ski resorts, including CairnGorm. The railway closed in … They were a leisure company who had started off developing holiday rentals in national parks. Work is required to strengthen the foundations. The BBC is not responsible for the content of external sites. The Scottish government will have to approve the repairs once the final cost is known. So the whole basis for the asset transfer was never realised. Join thousands of satisfied visitors who discovered Cairngorm hotel, Ski Chalets and Wedding Venues in Scotland.This domain may be for sale! They were not willing to answer any of them, saying that relevant information was in the public domain. iPlayerAn illicit affair with life-long scars, Escape tonight with a thrilling box set. Four million in UK get their first Covid vaccine, Capitol security scare ahead of Biden inauguration, This doctor saw Covid hospital empty after fake death text, .css-1snjdh1-IconContainer{display:none;height:0.875em;width:0.875em;vertical-align:-0.0625em;margin-right:0.25em;}The rise of the racism exposé page. The Mountain Shop is home to a wide selection of fantastic mountain clothing & accessories, homewear, gifts and much more! There are 55 Munro’s (mountains above 914m in height) in the Park – and once you have climbed one you can officially call yourself a ‘Munro Bagger’. But what people wanted to know was if Natural Retreats wasn't investing as originally planned, was it also taking money out? Nevertheless, it's still not at all clear that the past four years represent anything other than a wasted opportunity for a business dependent on public money and crucial to the future of a community that desperately needs it to succeed. iPlayerEscape tonight with a thrilling box set. HIE entered a process where it was the sole bidder to take the operation of the mountain back over. The government and public body Highlands and Islands Enterprise (HIE) will provide the funding. The company came to HIE and said that they wanted to change the business model which had won them the original contract. At this point the funicular was out of operation and HIE was the only bidder. Within a framework, talk to these parties and listen to their views .css-14iz86j-BoldText{font-weight:bold;}The private company that ran CairnGorm mountain went bust in November leaving behind a broken mountain railway and a failed plan to bring millions of pounds of much-needed investment to the snowsports centre near Aviemore. NAIL was also in debt. Rural Economy Secretary Fergus Ewing said the government and HIE wanted to "unlock the full potential" of the site and to make it an year-round attraction. Over the last week or so we've seen winter return to our mountains with a vengeance. .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}BBC apologises for Phil Spector death headline.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, Man found 'living in airport for three months'2, Capitol security scare ahead of Biden inauguration3, Putin critic Alexei Navalny to be kept in custody4, Nóra's body 'placed in the jungle', mother says5, Trapped miners send plea on handwritten note6, Fishing firms protest over post-Brexit disruption7, Chip-shortage 'crisis' halts car production9, 'No special treatment' for tennis stars10. That's almost twice the original price paid by NAIL. ‘Aspen’s pish, pal’ – can Cairngorm’s new owners land the winter (and summer) X Games? In particular we wanted to know about the flow of money in and out of Cairngorm Mountain Limited. Skiers ignore Covid rules to flock ‘from Tier 3 and 4 areas of England’ to Cairngorm Mountain as crowds block access roads with cars despite … The starting point for many a mountain walk. The Cairngorms is an area of dramatic and rugged scenery, recognised formally by its designation as a National Park in September 2003. The hope was that there would be an investment in the ski business. Highland and Islands Enterprise told us that Natural Retreats invested about £1m in the Day Lodge on the mountain. They told us they were securing important assets for the future and that they had paid a fair price. The infrastructure on the mountain - the lifts and railway - are in public hands. Capitol security scare ahead of Biden inauguration, Trapped miners send plea on handwritten note, .css-1snjdh1-IconContainer{display:none;height:0.875em;width:0.875em;vertical-align:-0.0625em;margin-right:0.25em;}The road back to Wuhan. More information can be found at News & Events - Cairngorm Mountain. HIE, which owns the Cairngorm Estate, awarded Natural Assets Investment Limited (Nail) a … Publicity material said the aspiration was to host the X games, a world-famous extreme sports event, and produce multiple gold medals at the Winter Olympics by creating a world class training facility. There was other information in the administrator's statement that raises questions about the relationship between HIE and Natural Retreats. That would have represented a major turnaround for any Scottish resort - never mind one that had struggled to overcome problems caused by the unpredictability of the weather and the need to find a revenue stream that could support a £20m mountain railway. Video. It said that there was a monthly "management fee" paid from the operating company CairnGorm Mountain Limited to Natural Retreats of £40,000. The Cairngorm Mountain Shop . The UK's highest railway has been closed since September 2018 due … The … It paid over £440,000. The CairnGorm Mountain Funicular Railway was constructed as a replacement for the ageing Carpark and White Lady Chairlifts, at a cost of £19.54m in public funding and EU funding. They discovered that the company had in fact been sold to Natural Assets Investments Limited (NAIL) - a company with many of the same directors as Natural Retreats. The valleys between the individual plateaux were used as drove roads by cattle drovers who built rough protective shelters for their arduous journeys. The Scottish government said the cost of removing the railway and reinstating the mountainside was estimated to cost about £17m. There were other payments in the accounts that stood out. Visitors enjoying winter sports at Cairngorm Mountain. Three major rivers rise in the park: the Spey, the Dee, and the Don. Even working out who owned what wasn't simple. The BBC is not responsible for the content of external sites. More than £20.5m of funding for the Cairngorm Mountain snowsports centre has been approved by the Scottish government. Our research has established that this £6m wasn't quite what it seemed. It put in more than £150,000 of public money to cover the November wage bill. The mountain range of the Cairngorms lies at the heart of the national park, but forms only one part of it, alongside other hill ranges such as the Angus Glens and the Monadhliath, and lower areas like Strathspey and upper Deeside. The starting point for many a mountain walk. Access via the ski road is restricted to essential maintenance staff and Cairngorm Mountain Rescue Service. The Cairngorms National Park is the UK’s largest, and most northerly National Park, and is home to five out of six of Britain’s highest mountains and the Queen’s summer residence at Balmoral. They also said that ongoing investigations into the fate of the funicular meant they were not in a position to comment. Downhill skiing first began on Cairngorm mountain, near Aviemore, in 1961. The Cairngorm funicular opened in 2001, but has been closed since September last year due to structural problems. The piano is believed to have been carried up for charity by removal men from Dundee over 20 years earlier. Cairngorms National Park Authority 14 The Square Grantown on Spey Scotland PH26 3HG +44 (0) 1479 873 535 As the wider impact of CairnGorm Mountain Limited going into administration becomes clear the immediate worst case scenarios have not appeared. What happens to your body in extreme heat? Highlands and Islands Enterprise, which owns the railway, secured planning permission for the repairs from the Cairngorm National Park Authority earlier this year. HIE has since said financial checks were done on both companies. Cairngorm Mountain ski area and all on-site facilities closing temporarily from 3pm on 24 December 2020. HIE owns the Cairngorm Estate and had leased the resort to the previous operator Cairngorm Mountain Limited which went bust at the end of last month. When Cairngorm Mountain went into administration it owed more than £2m to the NAIL Group. What went wrong? Man sought by police following serious assault in Inverness, The rise of the racism exposé page. BBC apologises for Phil Spector death headline, Man found 'living in airport for three months', Nóra's body 'placed in the jungle', mother says, Fishing firms protest over post-Brexit disruption, Chip-shortage 'crisis' halts car production. The £26 million funicular railway at the CairnGorm Mountain ski centre is currently out of action. Highland Council has welcomed the funding announcement. This was the key to the deal - sell the operating company and release private capital to allow the mountain to diversify. More than £4m of the new investment is to be used for improvements at the ski centre, including upgrades of paths and car parks and the electrification of "cannons" used to distribute artificially-made snow. That year they announced that Natural Retreats were taking over. That makes the company by far the largest unsecured creditor. How would HIE explain paying double when the ski operation was struggling to cope with the loss of the funicular? HIE also told us that over the period Natural Retreats was in charge, HIE spent an additional £3.5m of public money on infrastructure. They also said that the original sale had involved a transfer of a company with debts as well as assets and that was reflected in the price in 2014. Natural Retreats had the lease to operate the mountain - but the assets had been transferred to the wider group. © 2021 BBC. In the early 1990s, the then Highland and Islands Development Board backed plans to upgrade ski facilities by building a new funicular railway to the top of the mountain. Repairs to the Cairngorm funicular railway have been approved by the Cairngorms National Park Authority. image caption CairnGorm Mountain Ltd was placed into administration last week. iPlayerBoost your immune system effectively, An illicit affair with life-long scars. The Sugarbowl is a great starting point for getting out into the hills. At about the same time that droving was dying out towards the end of the 19th century, deer stalking estates were flourishing, and so the shelters were developed into bothies to provide improved, though still primitive, accommodation for gamekeepers. Cairngorm Mountain Ltd, whose net liabilities at December 2016 were £1,092,906; UKGTCL, as the company which operates Cairngorm (whose net liabilities at December 2016 were £216,959) or to; NAIL, the company which owns it whose net … cairngormmountain.com has been informing visitors about topics such as Outdoor Wedding, Live Webcam and Ski Holiday Deals. HIE approved a new business plan but that investment didn't happen either. But more than that the intention was to develop the summer business too - this would protect the mountain from the ups and downs of weather-affected skiing. Cairngorm Mountain buyout bid receives a lift from owners HIE A trust attempting to buyout Cairngorm Mountain from Highlands and Islands … The policeman in a MAGA hat. VideoThe road back to Wuhan. That's more than the management fees that were signed off by HIE as part of the asset transfer. But we wanted to try to understand what happened, whether it was preventable and what could be learned from it. The policeman in a MAGA hat. Read about our approach to external linking. The Sugarbowl is a great starting point for getting out into the hills. HIE, which owns the Cairngorm Estate, awarded Natural Retreats UK a 25-year contract to run the snowsports centre, near Aviemore, in 2014. Then it negotiated a deal to buy the assets of CairnGorm Mountain back. We asked HIE and they said they didn't know - but were still trying to find out. The chequered history of the Cairngorm funicular. If the original intention of the handover was to bring private capital into the picture and relieve pressure on public funds then what's detailed in the administrator's statement, combined with what HIE told us, suggests that there was far more public cash than private cash being invested. © 2021 BBC. iPlayer, Escape tonight with a thrilling box set. Jobs have been protected, skiing is happening this winter and there are negotiations under way with community groups about the potential for a community buy-out. As we spoke to local people who had investigated Natural Retreats' time on the mountain it became clear the concern wasn't simply what hadn't been invested, it was also what had been taken out. .css-1xgx53b-Link{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:700;-webkit-text-decoration:none;text-decoration:none;color:#FFFFFF;}.css-1xgx53b-Link:hover,.css-1xgx53b-Link:focus{-webkit-text-decoration:underline;text-decoration:underline;}Read about our approach to external linking. The Mountain Shop is home to a wide selection of fantastic mountain clothing & accessories, homewear, gifts and much more! VideoThe road back to Wuhan, One in, one out: How the White House changes hands. Two years after the handover Natural Retreats still hadn't taken that up. What’s the real story? We put them all to the company - which seems to have rebadged itself as Travel Together in the past two weeks. The Cairngorm Café located in the Daylodge building opens daily at 9.45am to 5pm serving delicious lunches, tray bakes, snacks, hot and cold drinks on a takeaway service and sit in. On 17 May 2006, a piano that had been buried under one of the cairns on the peak was uncovered by the John Muir Trust, which owns much of the mountain. The UK's highest railway has been closed since September 2018 due to structural problems. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Safety improvements at Cairngorm Mountain, CairnGorm Mountain: Businessman's offer to troubled site, CairnGorm Mountain company placed into administration, Putin critic Alexei Navalny to be kept in custody. ", .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Man sought by police following serious assault in Inverness, Lochaber Committee assigns £84,000 to community projects, Winners and loser revealed as Inverness Councillors decided how best to handout £252,000 in funding, Caithness cadets support TV celebrity world record fundraiser, Ascent to summit of Quinag made safer following completion of footpath restoration work, .css-1xgj2ad-InlineLink:link{color:#3F3F42;}.css-1xgj2ad-InlineLink:visited{color:#696969;}.css-1xgj2ad-InlineLink:link,.css-1xgj2ad-InlineLink:visited{font-weight:700;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-1xgj2ad-InlineLink:link:hover,.css-1xgj2ad-InlineLink:visited:hover,.css-1xgj2ad-InlineLink:link:focus,.css-1xgj2ad-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-1xgj2ad-InlineLink:link,.css-1xgj2ad-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-underline-offset:0.25em;}.css-1xgj2ad-InlineLink:link:hover,.css-1xgj2ad-InlineLink:visited:hover,.css-1xgj2ad-InlineLink:link:focus,.css-1xgj2ad-InlineLink:visited:focus{-webkit-text-decoration-color:currentcolor;text-decoration-color:currentcolor;-webkit-text-decoration-thickness:2px;text-decoration-thickness:2px;color:#B80000;}}Information about BBC links to other news sites, More in hospital than any time in pandemic - Hancock. 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