When Highlands and Islands Enterprise sold Cairngorm Mountain Ltd to Natural Assets Investment Ltd they did so on the basis that its operational arm, Natural Retreats had the knowledge, competence and financial strength to bring new ideas and new investment to Cairngorm. In the last week further evidence has emerged to show how laughable those claims were.
On 28th March Highland Council sent a memo (see here for whole document) to the Cairngorms National Park Authority informing them that Natural Retreats had ignored pre-planning consultation advice and failed to provide a Transport Assessment for the proposed new artificial ski slope : (see here)
So, the operators of Cairngorm Mountain were advised what was needed and have failed to provide it. Since HIE’s announcement of the artificial ski slope proposal at Cairngorm, Natural Retreats has only had 13 months to get the required assessments together……………….
HIE should be taking a good look at what has happened at the Aislabeck Plantation (see here) in the Yorkshire Dales where today, after 18 months of to and fro, Richmond District Council is finally recommending acceptance of a much amended planning application for new holiday chalets – the number has been reduced significantly. It has taken over 18 months for Natural Retreats to process a planning application to further develop the site there during which much further information has become available including part of the site may be contaminated:
You can read lots more about this and alleged failures of Natural Retreats to deal with the issues – and indeed how they appeared to have been covered up – in the Committee Report and other documents related to the planning application which the CNPA and HIE would be well advised to consider carefully. However, the most significant point in my opinion is this appears to be a significant liability – which will grow if land owned by others is proved to have been polluted – which the local council in England requires Natural Retreats to address before any development can go ahead. The first condition is that: “land contamination assessment and mitigation measures required as recommended by Environmental Health” .
Meantime Natural Retreats have put some of their assets at Aislabeck up for sale (see here). This business owned by Yorkshire Dales Ltd, together with Cairngorm Mountain Ltd, were the two main businesses owned by Natural Assets Investment Ltd which generated income for the group. The bank HSBC has, according to the accounts, claim to 50% of any assets sold off to cover its loans so selling off these assets will not generate that much revenue for the group. It appears therefore another indication that the group may be in serious financial difficulty yet HIE is still proposing to lend them money at Cairngorm without any explanation of how those loans can be secured.