Cairngorm Funicular

The funicular plunged into difficulties last month


 

Skiers will be relieved that the Cairngorm mountain railway has been saved after economic development body Highlands and Islands Enterprise (HIE) resumed control of operations.

HIE owns the Cairngorm Estate and had leased the resort to operator Cairngorm Mountain (CML) which collapsed into administration on 29 November.

The agency has reached agreement with the joint administrators at Campbell Dallas to acquire the business and assets of CML. Staff will transfer to the new business which will trade as Cairngorm Mountain (Scotland) and a business turnaround specialist will become interim chief executive until the end of March.

The new company will honour season tickets bought for the winter season.

Charlotte Wright, HIE chief executive, said: “We are very pleased to have worked with the administrators to achieve a really positive outcome from a highly challenging situation.

“The deal that we’ve reached will protect jobs and bring stability to the business, which plays an important role in the wider local economy.

“The immediate focus of the new operating company is to ensure the best possible experience for visitors this winter, particularly while the funicular is inactive, and bring some stability for staff and local businesses that rely on Cairngorm.

“This includes operating the new snowmaking equipment and ski tows, as well as catering and facilities at the base station.”

Blair Milne, joint administrator and business recovery partner with Campbell Dallas added: “The deal ensures continuity of operations and employment at Cairngorm Mountain and we would like to thank all parties for their support as we worked towards securing a going concern sale.”