Thursday, June 13, 2024
Thursday, June 13, 2024
HomeNewsNew owner for Glenskirlie Castle

New owner for Glenskirlie Castle

Skirlie Castle Ltd – owner and operator of award-winning Glenskirlie Castle in Banknock has been acquired by Glasgow-based Khunga Investments.

The deal, which is for an undisclosed sum, includes the acquisition of all assets including the Castle, restaurant, facilities and grounds. All 32 staff will transfer over, and it will remain ‘business as usual’ for all existing wedding and events bookings.

Designed in the style of a 16th century Scottish castle, it was the first new castle built in Scotland in the 21st century and was run by the the Macaloney family for 30 years, however the family called in the administrators FRP Advisory in September 2023 after the business had been on the market for a few months. The decision was taken due to cashflow and financial issues arising from the pandemic.

The Castle, which has 15 luxury bedrooms, a function suite with capacity for 126 guests and extensive gardens is one of Scotland’s leading wedding and events venues.

Glasgow-based Khungha Investments, which was founded in 2017, also owns and operates Castlecary Hotel in Cumbernauld.

Ranjit Singh, managing director of Khunga Investments said:, “Glenskirlie Castle has an outstanding reputation for weddings and events and for the quality of the dining and hospitality experience. We are delighted to have acquired the assets and business of Skirlie Castle Limited and very much look forward to ‘business as usual’. We are also delighted to welcome the staff to our team and look forward to developing the business.”

Michelle Elliot, partner with FRP Advisory, who facilitated the deal said, “We are delighted to have secured a sale of Skirlie Castle Limited and its assets and wish the new owners every success with their new venture. We are also particularly pleased to have secured the transfer of all 32 staff and would like to thank all involved with the business for their support.”

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