The Isle of Arran resort of Auchrannie has become the first in Scotland to be owned by its employees.

The resort has been owned and operated by the Johnston family since 1988 and is valued at £4.3m.

An Employee Ownership Trust now holds 100% of the company’s shares on behalf of its 160 employees.

The existing shareholders, all members of the Johnston family, will be paid out of the profits of the business over a 25-year period.

When Iain and Linda Johnston bought Auchrannie in 1988 it was a 16-bedroom guest house.

The family has since grown it into a resort with two hotels totalling 85 rooms, 30 self-catering lodges, three restaurants, two leisure clubs and an outdoor adventure centre.

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United Kingdom
News Reporter

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