The Ratho Adventure Centre, the largest indoor climbing complex in Europe, has gone into receivership just months after it was opened. It will remain trading while a new buyer is found, but since opening it has failed to generate enough money to convince the investors that the project was going to work.
20m does seem an extraordinary amount to invest in a climbing wall, however good it is. I'm sure the enormous Welsh International Climbing wall at Bargoed was made for a mere fraction of that cost, and is consequently completely financially viable.
But it's the cost of construction in Scotland, look at the Parliament Building original estimate £40 Million, now looking like being £440! Perhaps Ratho was only meant to cost £2 million?
not being clever...I'm going to have to ask, what is recivership? I guess it means that they need somebody with enough money to pay off the debt?!? am I correct? d
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