UK: Management consulting company Begbies Traynor have been appointed liquidators of the Highlander Resort Ltd which traded because the Lomond Hills Resort in Fife.
The eighteenth century teaching inn dates again to 1733. It’s situated on the foot of the Lomond Hills in Freuchie, a village in Fife.
Because of the price of residing disaster and a downturn in commerce, the drop in occupancy mixed with the challenges of the Covid-19 lockdowns has led to cashflow points on the property.
On 6 March 2023, Lomond Hills Resort ceased to commerce and all 17 employees have been made redundant. Ken Pattullo and Kenny Craig of Begbies Traynor have been appointed joint liquidators, and are helping former employees with registering any claims to the Redundancy Funds Workplace and entry assist providers from PACE.
Thomas McKay, companion at Begbies Traynor in Scotland, mentioned: “Like many boutique accommodations in small villages, the Lomond Hills Resort has skilled very tough buying and selling situations through the difficult winter season. Dealing with an ideal storm of monetary pressures, the administrators, in session with the enterprise’ lenders, made the choice to enter liquidation because the lodge was now not capable of commerce. We’re at present working with native authorities our bodies to assist former staff by making certain they obtain acceptable redundancy recommendation.
“After nearly 300 years as a training inn, we plan to nominate brokers to current the lodge on the market in early spring and hope that it’s going to once more be capable of function within the fingers of recent homeowners.”