Crieff Hydro hotel auditor warning

AUDITORS for Crieff Hydro Limited have highlighted a “material uncertainty” which “may cast significant doubt” on its ability to continue as a going concern, as chief executive Stephen Leckie declared a staff shortage was threatening the recovery of the hospitality industry.

The auditors’ warning comes in new accounts for the Perthshire-based group, which this week underline the devastating financial impact of the coronavirus pandemic on the hospitality industry.

READ MORE: However, Mr Leckie declared the company was on track to return to profit in the current year, boosted by strong demand since restrictions began to ease in the spring.

New Argyll tourism chief offers solution to critical staff shortage

HeraldScotland: Cathy Craig, chief executive, Argyll and Isles Tourism Co-operative.Cathy Craig, chief executive, Argyll and Isles Tourism Co-operative.

THE perception that jobs in tourism and hospitality are low-paid and involve long hours must be tackled if the current staff shortage is to be eased, a new industry leader for the west of Scotland has warned.

READ MORE: A combination of Brexit and the “pingdemic” has left the sector critically short of staff at its busiest time of the year, undermining efforts to make up for time lost due to lockdown restrictions in the last sixteen months.

Buyers sought for Scotland’s original grand ‘hydropathic’ hotel

HeraldScotland: It was popular with package holiday businesses and independent travellers, but has only traded briefly since the start of the first lockdown in early 2020, and has been closed since November of last year.It was popular with package holiday businesses and independent travellers, but has only traded briefly since the start of the first lockdown in early 2020, and has been closed since November of last year.

THE Glenburn Hotel on the Isle of Bute, which was originally built as Scotland’s first “hydropathic” hotel, has gone into administration having fallen victim to the Covid-19 pandemic.

READ MORE: Stuart Robb and Chad Griffin of FRP Advisory have been appointed joint administrators of The Glenburn Hotel Limited which owns and operated the hotel overlooking Rothesay Bay.

Standard Life owner notes value of Edinburgh pensions business

HeraldScotland: The deal ended a near 200-year association with the brand on the part of Standard Life Aberdeen and forebears.The deal ended a near 200-year association with the brand on the part of Standard Life Aberdeen and forebears.

THE new owner of the Standard Life brand has hammered home its belief in the value of the name it bought from the Scottish financial services giant now known as abrdn.

READ MORE: Pensions heavyweight Phoenix Group acquired the brand in February from the former Standard Life Aberdeen, which decided to focus on investment management.

Sale of Edinburgh eco-packaging firm highlights its success

HeraldScotland: Vegware founder Joe Frankel went into business after getting a PhD in speech recognition from the University of EdinburghVegware founder Joe Frankel went into business after getting a PhD in speech recognition from the University of Edinburgh

COMPOSTABLE packaging pioneer Joe Frankel has cemented his standing as one of Scotland’s most successful entrepreneurs of recent years by clinching a deal to sell the company he founded to a US corporation.

READ MORE: The sale of Edinburgh-based Vegware to Novolex looks likely to have valued at the firm at tens of millions of dollars.

£1m-plus price tag for Scottish estate with eight lochs

HeraldScotland: The property agent describes it was “an outstanding and rare opportunity to purchase an extensive sporting and amenity estate with environmental opportunities”.The property agent describes it was “an outstanding and rare opportunity to purchase an extensive sporting and amenity estate with environmental opportunities”.

AN estate with eight lochs in north-west Scotland has been put on the market at offers over £1.1 million.

READ MORE: Strutt & Parker’s Inverness office has just launched the sale of the Morefield Estate at Ullapool.

Analysis, insight, opinion

Kristy Dorsey: Scottish economy rebounds, inflation a concern

Mark Williamson: SGN deal fuels energy market concerns

Ian McConnell on Wednesday: Do not be fooled: Sunak did not rescue summer holidays

Scott Wright: The unexpected boom in Scottish hospitality property

Ian McConnell on Friday: Time to take off blinkers and deal with alarming crisis

Brian Donnelly: Sturgeon can’t ignore CalMac ferry fiasco inquiry calls

Features

Monday Interview: New Orleans entrepreneur sees opportunity in Scotland

SME Focus: Yogurt maker finds the brave can turn their hands to anything

From the Briefing: New top team at family-owned Scottish restaurant group​

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The Herald Scotland

The Herald is a Scottish broadsheet newspaper founded in 1783. The Herald is the longest running national newspaper in the world and is the eighth oldest daily paper in the world. The title was simplified from The Glasgow Herald in 1992