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Ice Factor buys up Glasgow ski slope

Category: Scotland Business News — Mark on December 30, 2011

Lochaber-based indoor climbing centre company Ice Factor, has acquired the SNO!zone indoor ski slope in Braehead, Galsgow.

The £32m deal sees Ice Factor become the owners of the UK’s longest indoor ski slope. The purchase will sit very comfortably in its portfolio, next to its Kinlochleven indoor climbing wall; also the largest of its kind in the country.

Talking about the landmark deal, the Group managing director for Ice Factor, Jamie Smith, said they were delighted to make such an ‘important acquisition’ at this time.

Acquisitions are something that many companies are having to steer clear of in the present climate, as many still struggle with their finances. However, others are recognising the potential that is out there, and taking steps to expand despite the continuing challenging climate.

Seeking traditional commercial finance in Scotland continues to be a problem, but one strategy that has proven successful for many companies is invoice factoring.

Freeing up cash which is promised but not received, factoring can help companies of all sizes to acquire assets that represent great present and future potential.

It is with this thinking in mind that has led Ice Factor to take on SNO!zone now. Currently the sixth most popular ski resort in Scotland, the immediate plans are to ensure this continues through creating a new indoor ice climbing wall and an ambitious upgrade to existing facilities.

With plans for a further centre located in Inverness too, as well as expansion plans in Burlington, Vermont in the US, it seems Ice Factor is keeping their business well on-Piste.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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