Register of Interests

Member's Name: Alexander Burnett

Constituency: Aberdeenshire West

Date on which initial statement lodged: 08 June 2016

All MSPs are required to provide details of their interests under the Interests of Members of the Scottish Parliament Act 2006 (asp 12). The Register of Interests of Members of the Scottish Parliament lists details of interests registered under categories such as remuneration, heritable property and gifts. More information about the exact nature of information required under each category of interest can be found at Volume 2: sections 1 and 2 of the Code of Conduct for Members of the Scottish Parliament.

Information on the exact nature of the requirement under each category can be found in the Interests of Members of the Scottish Parliament Act 2006 (asp 12).


Remuneration and related undertaking:
I am Director and Chairman of North Banchory Company Limited, of Banchory Business Centre, Burn O'Bennie Road, Banchory, AB31 5ZU. This is a property development and letting company which also provides project management and energy consultancy services. I receive a basic salary of £6,120 per annum plus private medical insurance of approximately £1,500 per annum and, periodically, lump sum pension contributions. I do not expect to receive a pension contribution in the coming year and will register any contributions in the future in accordance with the rules. I expect to spend between 0 and 1 day per month on this role.


I own and am a sole trader of AJA Burnett Estate, a property leasing and forestry undertaking managed by Strutt & Parker, St Nicholas House, 68 Station Road, Banchory, AB31 5YJ. The level of profits and losses fluctuates. I anticipate to withdraw between £115,001 and £120,000 in way of personal remuneration in 2016/17 based on historical figures. I expect to spend between 0 and 1 day per month on this role.


I am a member of St Andrew Street Development, of Banchory Business Centre, Burn O'Bennie Road, Banchory, AB31 5ZU. This is a Limited Liability Partnership concerned with the ownership and rental of investment property. My share of profits for the year to 31 August 2015 was £4,400. I estimate that my share of profits for the year to 31 August 2016 will be between £5,001 and £10,000. I will not devote any time to this role.


I am an unpaid Director of Hill of Banchory ESCo Limited of Banchory Business Centre, Burn O'Bennie Road, Banchory, AB31 5ZU. Hill of Banchory ESCo Limited is a limited company providing heat energy to residential and commercial consumers and is a 100% owned subsidiary (related undertaking) of North Banchory Company Limited.


I am an unpaid Director of JIGSAW Energy Limited of Banchory Business Centre, Burn O'Bennie Road, Banchory, AB31 5ZU. JIGSAW Energy Limited is dormant limited company and is a 100% owned subsidiary (related undertaking) of North Banchory Company Limited.

Gifts:
No registrable interests

Overseas visits:
No registrable interests

Controlled transactions:
No registrable interests

Heritable property:
I own AJA Burnett Estate in Aberdeenshire which encompasses agricultural land, residential and commercial lettings, wayleaves and recreational, arts, sporting and forestry interests. The market value of the property is in the range £10,000,001 - £10,100,000. The property generates a gross annual income of between £640,001 and £650,000.


I am a Trustee and sole beneficiary of the Banchory Trust. The Trust owns property in Aberdeenshire with a market value of between £14,600,001 and £14,700,000. The Property generates a gross annual income of between £430,001 and £440,000. I do not expect to receive any income from the Banchory Trust this session.


I am a trustee and potential beneficiary of the Fordie Trust. The Trust owns property in Aberdeenshire with a market value of between £4,500,001 and £4,600,000. The Property generates a gross annual income of between £70,001 and £80,000. I do not expect to receive any income from the Fordie Trust this session.

Interest in shares:
I hold Ordinary £1 shares in North Banchory Company Limited, a property development and letting company which also provides project management and energy consultancy services. The shares represent 100% of the issued share capital, with a market value of approximately £9,889,626. I do not expect to receive any dividend from this company during this Session.


Through North Banchory Company Limited, I hold Ordinary £1 shares in Hill of Banchory ESCo Limited, a company providing heat energy to residential and commercial consumers. The shares represent 100% of the issued share capital, with a market value of approximately £907,059. I do not expect to receive any dividend from this company during this Session.


Through North Banchory Company Limited, I hold an Ordinary £1 share in JIGSAW Energy Limited, a dormant company. The shares represent 100% of the issued share capital. The market value of the shares falls below the threshold for registration. I do not expect to receive any dividend from this company during this Session.


Through North Banchory Company Limited, I hold Ordinary £1 shares in Horn Enterprises Limited, a company involved in investment and financing of development opportunities. The shares represent 100% of the issued share capital. The market value of the shares falls below the threshold for registration. I do not expect to receive any dividend from this company during this Session.


I hold an Ordinary £1 share in St Nicholas Productions Limited, which promotes and engages in diversified theatrical, artistic and associated recreational enterprises connected with Leys Estate and the Banchory area, together with the provision of marketing and support services. The shares represent 50% of the issued share capital. The market value of the shares falls below the threshold for registration. I do not expect to receive any dividend from this company during this Session.


I hold an Ordinary £1 share in The Wuid Chips Company Limited, a company supplying woodfuel and equipment for hire. The shares represent 50% of the issued share capital. The market value of the shares falls below the threshold for registration. I do not expect to receive any dividend from this company during this Session.


I hold Ordinary £1 shares in Inchmarlo Land Holdings Limited, a holding company. The shares represent 37.59% of the issued share capital. The market value of the shares falls below the threshold for registration. I do not expect to receive any dividend from this company during this Session.


Through Inchmarlo Land Holdings Limited, I hold “A” Ordinary £1 shares in Inchmarlo Land Company Limited, a property letting, managing and development company. The shares represent 19.7% of the issued share capital, with a market value of approximately £136,119. I do not expect to receive any dividend from this company during this Session.


I hold Ordinary £1 shares in Bancon Developments Holdings Limited, a company concerned with the building, contracting, dealing, developing and managing of property. The shares represent 37.59% of the issued share capital, with a market value of approximately £5,524,602. I do not expect to receive any dividend from this company during this Session.


I hold 100 Ordinary £1 shares in Deeside Woodlands Products, a cooperative concerned with the production of timber products. The shares represent 14.3% of the issued share capital. The market value of the shares falls below the threshold for registration. I do not expect to receive any dividend from this company during this Session.

Voluntary:
I am a director of St Nicholas Productions Limited.


I am a director of The Wuid Chips Company Limited.


I am a director of Bancon Developments Holdings Limited.


I am a director, member and shareholder of Deeside Woodland Products, a cooperative.

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