One of the businesses on the Lochaber smelter is going through a obligatory strike-off discover from Companies House after it didn’t submit accounts since December 2020.
SIMEC Lochaber Hydropower Ltd, which runs the hydropower station on the web site close to Fort William, acquired the primary discover earlier this month.
Scottish Ministers have a vested curiosity within the firm’s continued operation, as they maintain two expenses but to be happy and are thought-about an individual with vital management.
Sanjeev Gupta, the tycoon behind the GFG Alliance conglomerate, is the only real director.
Ministers backed Mr Gupta’s buy of the smelter by guaranteeing energy purchases from the hydroplant close by in a deal value £586m, with the SNP receiving guarantees of further funding and jobs from the deal.
The deal was topic to intense scrutiny after Greensill Capital, the primary financiers of GFG Alliance, went bust, throwing the corporate’s funds into disarray and requiring world refinancing.
The Scottish Government has repeatedly refused to publish the valuation of the Lochaber Smelter it claims is “more than the outstanding amount guaranteed”, which is a part of its “comprehensive security package” ought to the corporate go bust.
A GFG Alliance spokesperson mentioned: “We stay in dialogue with Companies House. There isn’t any influence on operations on any of our businesses.”
A Scottish Government spokesperson mentioned: “The submission of audited accounts is a matter for GFG Alliance as a private business. The Lochaber businesses continue to perform well and support jobs in the region.
“When the Lochaber guarantee was provided in 2016, the Scottish Government obtained a comprehensive security package that has been valued at more than the outstanding amount guaranteed.
“There has been no call under the Lochaber Guarantee and the Guarantee Fees due to Scottish Government are up-to-date.”
