Publication - Corporate report

Highlands and Islands Enterprise: financial management review of Cairngorm Mountain

Published: 18 Jun 2020

A review of Highlands and Islands Enterprise’s handling of its engagement with Natural Retreats in relation to activity on Cairngorm Mountain.

19 page PDF

683.0 kB

19 page PDF

683.0 kB

Contents
Highlands and Islands Enterprise: financial management review of Cairngorm Mountain
Annex B – transaction structure

19 page PDF

683.0 kB

Annex B – transaction structure

Transaction Structure
This graphic summarise the transaction structure of Natural Retreats i.e. the connection of transactional activity between the company, NAIL, CML and HIE.

Source: HIE

  • HIE – Highlands & Islands Enterprise
  • CML – Cairngorm Mountain Limited
  • NRUL – Natural Retreats UK Limited
  • NAIL – Natural Assets Investments Limited
Summary of key contractual relationships
Name of Document Between And
Share Purchase Agreement Highlands and Islands Enterprise Natural Assets Investments Limited
Lease Highlands and Islands Enterprise Cairngorm Mountain Limited
Operating Agreement Highlands and Islands Enterprise Cairngorm Mountain Limited
Guarantee Natural Assets Investments Limited Highlands and Islands Enterprise
Guarantee [REDACTED] Highlands and Islands Enterprise

Contact

Email: enterprisesponsorship@gov.scot