The business, which had been closed since last year due to Covid 19 restrictions, was placed into liquidation on April 23. All 12 staff who worked for the business have been made redundant.
The visitor centre, which was established nine years ago, has fought a growing wave of economic challenges, including the pandemic and a flood in late February which caused significant damage.
In a statement posted on Facebook Formartine's which is located near Tarves, said: “It is with a heavy heart that I tell you all the sad news that we will not be re-opening and will remain permanently closed.
“We are forever grateful to all of you who loved what we did and supported us for the last 9 years, some of you almost weekly, since our doors opened. We will miss you and forever appreciate your contribution to making Formartines what it was. All of you – the team, our customers, our suppliers, and the local community.
“We have fought day and night to find solutions to a growing wave of economic challenges over the last few years, with the oil downturn, shifts in retail, Brexit, and the Covid-19 pandemic. We lost sales revenue of over £1 million in 2020 alone.
“Good luck and stay safe everyone. We hope to see you all soon, somewhere.”
Provisional Liquidator Gordon MacLure added: “The centre is a fantastic resource and we’re hopeful of being able to find a buyer who recognises the opportunity presented by the site.”