Global Edition

KPMG sells Glenisla Golf Course

11.00am 1st September 2004 - Property

Joint Receivers, Blair Nimmo and Neil Armour of KPMG Corporate Recovery have announced the sale of Glenisla golf course, formerly part of Glenshee Chairlift Company Limited (in Receviership), for an undisclosed sum (27 August).
The Glenisla facility, near Alyth, has been sold to the preferred bidder, Glenisla Golf Centre Ltd, a company of which Hamish Somerville is the principal. In total the company has seven permanent employees, supplemented by 11 seasonal workers.
Joint Receiver, Blair Nimmo, Head of KPMG Corporate Recovery in Scotland, said: “We are pleased to complete the sale of the business and assets of Glenisla as a going concern, preserving important jobs and economic activity in the local area. It is a beautiful course which has already received many accolades with excellent potential.”
The Glenshee Chairlift Company Ltd of which Glenisla Golf Course was a part, went into Receivership on Thursday 6th May. Glencoe ski resort was sold to Glencoe Mountain Resort Ltd in June. The Joint Receivers are still in discussion with the preferred bidder for Glenshee ski resort and the conclusion of those discussions is expected in the near future.
Glenisla Golf Course


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