Scotland’s oldest ski resort was put into receivership today – and promptly snapped up in a management buy-out.

Nearby Nevis Range has year-round facilities

Glencoe Mountain Resort was put into the hands of liquidators Invocas after suffering, like other Scottish ski centres, from indifferent winters recently. However, before the day was out, the resort was reporting on its website that it was back in business under new ownership.

The resort, on the northern slopes of Meall a’Bhuiridh, overlooking Kingshouse, was formerly known as the White Corries. It was opened in 1956 and, according to former managing director Peter Weir, has ‘the best skiing in Scotland’.

However, while the nearby Nevis Range on Aonach Mòr has a successful gondola cable car system and Cairngorm Mountain its funicular railway, the Glencoe resort had struggled to reinvent itself as a year-round resort. White Corries went into receivership three years ago and was relaunched as Glencoe Mountain Resort. Climate change has led to some meagre winters for Scotland and the increase in the number of cheap flights, which ironically are held by many campaigners to be partly responsible for warmer climates, have meant skiers can reach European destinations for less than a trip to Scottish resorts.

The centre has seven ski-lifts and 19 runs. In the winter season it employs 30 staff. The company statement today said: “Following a successful purchase from Invocas, Glencoe is open for business and awaiting suitable ski conditions. Have a great 2007-8 season.”

Unfortunately, the snow forecast on the company’s website is for light rain and mild temperatures.