Golf Course Calls in KPMG Administrators

Lucas Gilmore, “Big 4″ observer
January 09, 2011 /

Cutbacks in government spending have continued to blast the tourism industry with devastating effects as another recreation and hospitality firm, a golf course in Islay, Scotland, went into administration.

Machrie Golf Links, situated in Hebridean island with 16 rooms, 15 separate lodges owned by Mendougal, shops and restaurant, and a 71-par golf course, has been put into sale by KPMG administrators Blair Nimmo and Tony Friar, but the price is yet to be disclosed.

Receivership of the Islay-based golf course, which was designed by Willie Campbell in 1891, has cost the jobs of 15 employees, with the three others having been left in the company to assist the administrators in maintaining the golf course while buyers are being sought.

Nimmo commended the reputation of the golf course as being one of the highly regarded destinations in Islay.

However, the golf course “has unfortunately, like many other companies in the tourism and hospitality sector, been impacted from tightening consumer spending and troubled economic conditions,” he added.

Nimmo remained hopeful that a buyer would soon show interest for the golf course given the reputation it has established as a tourist spot.

Late last week, inAudit reported the falling into administration in November 2010 of Pontin’s, a British holiday camp operator that has already attracted 10 serious buyers.

 

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