"Business as usual" at Ratho

An update to the Ratho situation taken from the Ratho newsletter: You may have read in the press that the Ratho Quarry Company Ltd, the operating company that runs the Adventure Centre Ratho, was put into receivership at the end of last week (5th March 2004). The receivers have confirmed that the business will continue trading as it is their intention to place the business on the market for sale as a going concern.
As far as our customers are concerned it is simply business as usual.

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Comments

HOLDZ

6 Mar, 2004

seems like everything in Scotland is made over budget and late.......how's the scottish parliament building coming on?

Gordon Stainforth

6 Mar, 2004

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.

CENSORED

6 Mar, 2004

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?

HOLDZ

6 Mar, 2004

it was ment to be 4 million.

Daniel Duerden

6 Mar, 2004

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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