1. Art and Diseño

FEATURE Salary survey
Bringing home the bacon
FTSE 100 finance chiefs earned £2.4m on average, while those in the FTSE 250
averaged total pay of £1.1m, finds Richard Crump
A
nyone who says that money
can’t buy you happiness
should take a look at
the latest findings from
Financial Director’s annual
CFO salary survey.
According to the latest survey of the
remuneration packages of finance chiefs
at the UK’s largest listed companies, total
average pay for chief financial officers
who are plying their trade in the FTSE
100 and FTSE 250 reached £2.4m and
£1.1m, respectively.
Indeed, calculations by the High Pay
Centre (HPC) think-tank found that,
by the end of 6 January, Britain’s most
senior executives will have picked up
more money in 2015 than the average UK
worker earns in an entire year. Our survey
– compiled from companies’ 2014 annual
accounts – found that finance chiefs at
the UK’s largest companies saw their base
salaries fall, reflecting shareholder pressure
on executive pay. The base salaries of FTSE
100 FDs fell 6.2%% to £478,592, while
bonuses increased by 4.4%% to £554,264.
Lower down in the FTSE 250, CFOs saw
their salaries jump 5.4% to 315,085, while
bonuses increased 9.9%% to £307,188.
This year’s iteration of the survey
is more comprehensive than ever and
includes more data related to other forms
of remuneration, including pensions and
long-term and short-term incentive plans.
As such, overall salaries appear larger
than in previous surveys.
Strong performance
The results also appear to have been
improved further by the strong
performance of the FTSE in late 2013
and early 2014. London’s FTSE 100
index ended the year having recorded
its biggest annual gain since 2009, with
the benchmark closing up 14.4% for the
year. The FTSE 250, meanwhile, closed at
an all-time high – up 28.8% for the year.
Both long- and short-term incentive plans
received a welcome boost.
26 | financialdirector.co.uk | February 2015
HIGHEST SALARY
£1,083,000
Graham Kerr, BHP Billiton
HIGHEST TOTAL PAY
£9,176,000
Paul Richardson, WPP
BEST-PAID WOMAN
£3,784,000
Deirdre Mahlan, Diageo
BIGGEST BONUS
£3,222,000
Iain Mackay, HSBC
LONGEST-SERVING CFO
£429,000
Allen Roberts, Renishaw (34 years)
WOMEN FDs
Index Company
Name
Total remuneration
100
3i Group Julia Wilson
£1,222,000
100
Ashtead Group Suzanne Wood
£2,355,000
100
British Land Co Lucinda Bell
£2,288,686
100
Burberry Group Carol Fairweather
£1,049,000
250
Cairn Energy Jann Brown
£784,474
100
CRH Maeve Carton
£1,063,340
250
Dechra Pharmaceuticals Anne-Francoise Nesmes
£901,000
100
Diageo Deirdre Mahlan
£3,784,000
100
Hargreaves Lansdown Tracey Taylor
£1,153,000
100
Kingfisher
Karen Witts
£1,540,900
250
Lancashire Holdings
Elaine Whelan
£2,033,700
250
Mitie Group
Suzanne Baxter
£860,678
250
Ophir Energy Lisa Mitchell
£584,000
250
Redrow Barbara Richmond
£1,217,000
250
Rightmove Robyn Perriss
£503,016
100
Smith & Nephew Julie Brown
£1,943,823
100
Standard Life Jackie Hunt
£228,000
250
Stock Spirits Group Lesley Jackson
£1,363,540
250
Ultra Electronics Holdings Mary Waldner
£241,000
“Bonus outcomes were lifted by the
headwinds of share price increases,”
explains Alastair Woods, a director in
PwC’s rewards team.
The survey also finds CFOs were
individually taking home improved pay
deals. In the past financial year, five finance
chiefs took home a base salary of £800,000
or above – compared to none in last year’s
survey – while 160 finance directors took
home total earnings of more than £1m.
The previous year only 64 chief financial
officers in the index achieved this feat.
The number of women working within
the FTSE 350 increased to 19 from 17 –
still woefully underrepresented despite
attempts to make boardrooms more diverse.
Nevertheless, remuneration terms for women
improved on average in the past financial
year. But women are still some way from
achieving parity of pay with their male peers.
Indeed, the highest-paid woman in
the FTSE 100 in 2013/14 – Diageo’s
PAY DEVELOPMENT TO 2014
£2.5m
FTSE 100
FTSE 250
£2.0m
£1.5m
£1.0m
£0.5m
0
2014
2013
2012
2010
2009
2008
2007
2006
2005
2004
2003
FTSE 100 TOP EARNERS
Company
Name
Salary
Other remuneration
WPP Paul Richardson
£698,000
Next David Keens
£487,000£4,428,000
£487,000£5,402,000
Unilever Jean-Marc Huët
£841,000£3,259,000
£879,000£4,979,000
Associated British Foods John Bason
£633,000£3,560,000
£582,000£4,775,000
BHP Billiton Graham Kerr
£1,083,000£2,550,000
£1,006,000£4,639,000
HSBC Holdings Iain Mackay
£700,000
£443,000
£3,222,000
£4,365,000
British American Tobacco Ben Stevens
£808,000
£2,262,000
£1,196,000
£4,266,000
TUI Travel William Waggott
£550,000
£2,936,000
£739,000
£4,225,000
Prudential Nicolaos Nicandrou
£649,000
£2,368,000
£1,124,000
£4,141,000
easyJet Chris Kennedy£418,000£3,167,000
£6,725,000
Bonus
Total remuneration
£1,753,000
£9,176,000
£474,000£4,059,000
FTSE 250 TOP EARNERS
Company
Name
Salary
Entertainment One Ltd
Giles Willits
£390,000£5,835,000
£329,000£6,554,000
Crest Nicholson Holdings Patrick Bergin £280,000£3,976,207
£350,000£4,606,207
Close Brothers Group Jonathan Howell
£1,125,000
Barratt Developments David Thomas £441,000£2,740,000
£661,000£3,842,000
Howden Joinery Group Mark Robson £401,000£2,788,000
£509,000£3,698,000
Micro Focus International Mike Phillips
£390,000
Other remuneration
£2,844,000
Bonus
Total remuneration
£4,359,000
£299,000£2,974,000
£299,000£3,572,000
Provident Financial Andrew Fisher £475,000£2,448,000
£440,000£3,363,000
Infinis Energy Gordon Boyd £300,000£2,655,000
£166,000£3,121,000
Intermediate Capital Group Philip Keller
£350,000
£65,500
William Hill £380,000
£2,632,519
Neil Cooper
£2,679,400
£3,094,900
£3,012,519
February 2015 | financialdirector.co.uk | 27
FEATURE Salary survey
Deirdre Mahlan – took home £3.8m
in total earnings. By comparison, Paul
Richardson, CFO at WPP and the highestpaid chief financial officer in the past
financial year, received an eye-watering
£9.2m for services rendered to the
advertising giant. However, Richardson’s
pay is somewhat of an anomaly – it is
almost £4m higher than that of David
Keens, who retires from Next later this
year – so perhaps a better benchmark for
gender comparison is the consideration
that Mahlan was paid less than any of the
top ten earners in the index.
A full breakdown of the remuneration
packages of every single chief financial
officer in the FTSE 350 is available on www.
financialdirector.co.uk ■
The Financial Director salary survey has
been produced using data based on
disclosure in 2013/14 annual reports.
Bonuses include cash and sharebased bonuses, as well as deferred
bonuses. Constituents of the FTSE
350 are correct as of November 2014.
Remuneration information is provided
for all companies where the finance
director sits on the board of directors.
In instances where the finance director
is part of the management, but does
not sit on the board, no information has
been provided.
Some finance directors featured
in the list resigned from their roles
during 2014, but feature in the list as
remuneration terms were provided in
their company’s annual accounts. Except
as noted, data may exclude that of
finance directors who have not served a
full year. Individual FDs listed may have
left their company or been promoted
since the balance sheet date.
THE FULL LIST
IndexCompany
Name
100 3i Group 250 Barr (A.G.)
100 Aberdeen Asset
Management
100 Admiral Group
250 Afren 100 Aggreko 250 Alent 250 AMEC 250 Amlin 100 Anglo American
250 AO World 100 ARM Holdings 250 Ashmore Group 100 Ashtead Group 100 Associated British Foods 100 AstraZeneca 250 AVEVA Group 100 Aviva 100 Babcock International Group
100 BAE Systems 250 Balfour Beatty 250 Bank of Georgia Holdings 250 Bankers Investment Trust 100 Barclays 250 Barratt Developments 250 BBA Aviation 250 Beazley 250 Bellway 250 Berendsen Total
remuneration
Julia Wilson
Alex B.C. Short
Bill Rattray
£1,222,000
£576,000
£1,239,000
Kevin Chidwick
Darra Comyn
Angus Cockburn
David Egan
Ian McHoul
Richard A. Hextall
René Médori
Steve Caunce
Tim Score
Tom Shippey
Suzanne Wood
John Bason
Marc Dunoyer
James Kidd
Patrick Regan
Bill Tame
Peter Lynas
Duncan Magrath
Nikoloz Gamkrelidze
Roger Thompson
Tushar Morzaria
David Thomas
Mark Hoad
Mark Bride
Keith Adey
Kevin Quinn
£2,739,868
£1,324,000
£1,149,361
£509,778
£1,167,000
£1,626,400
£2,328,000
£461,003
£1,040,405
£353,639
£2,355,000
£4,775,000
£296,000
£670,000
£956,000
£1,912,000
£1,786,000
£636,439
£893,677
28 | financialdirector.co.uk | February 2015
£722,000
£1,428,000
£3,842,000
£849,000
£1,497,226
£682,629
£1,935,000
IndexCompany
Name
250 Berkeley Group Holdings 250 Betfair Group 100 BG Group 100 BHP Billiton 250 Big Yellow Group
250 Bodycote 250 Booker Group 250 Bovis Homes Group 100 BP 250 Brewin Dolphin Hldgs 100 British American Tobacco 100 British Land Co 100 British Sky Broadcasting Group
250 Britvic 250 Brown (N) Group 100 BT Group 250 BTG 100 Bunzl 100 Burberry Group 250 Bwin.Party Digital Entertainment
250 Cable & Wireless Communications
250 Cairn Energy 250 Caledonia Investments 100 Capita 250 Capital & Counties Properties
250 Carillion Total
remuneration
Nick Simpkin
Alex Gersh
Simon Lowth
Graham Kerr
John Trotman
David Landless
Jonathon Prentis
Jonathan Hill
Dr Brian Gilvary
Andrew
Westenberger
Ben Stevens
Lucinda Bell
Andrew Griffith
£1,169,000
£972,000
£754,000
£4,639,000
£319,271
£1,738,000
£2,695,000
£796,000
£2,925,000
£506,000
John Gibney
Dean Moore
Tony Chanmugam
Rolf Soderstrom
Brian May
Carol Fairweather
Martin Weigold
£837,800
£1,037,000
£3,805,000
£973,000
£2,174,700
£1,049,000
£1,615,456
Tim Pennington
£1,278,050
Jann Brown
Stephen King
Gordon Hurst
Soumen Das
£784,474
£826,000
£1,630,277
£2,911,482
Richard Adam
£837,250
£4,266,000
£2,288,686
£2,449,737
BIGGEST BONUSES
Index Company
Name
Bonus total
Bonus as cash
Bonus as
unconditional shares
Bonus mandatory
deferred
100
HSBC Holdings Iain Mackay
£3,222,000
£1,611,000
250
Intermediate Capital Group Philip Keller
£2,679,400
£399,700
£2,279,700
250
Investec Glynn Burger
£1,770,000
£354,000
£1,416,000
100
Reckitt Benckiser Group Adrian Hennah
£1,767,150
£1,767,150
100
WPP Paul Richardson
£1,753,000
£876,500
£876,500
100
BP Dr Brian Gilvary
£1,386,000
£924,000
£462,000
100
Schroders Richard Keers
£1,350,000
£675,000
£675,000
250
Savills Simon Shaw
£1,262,998
£916,589
£346,409
100
BT Group Tony Chanmugam £1,202,000
£686,342
£515,658
100
Barclays Tushar Morzaria
£240,000
£720,000
IndexCompany
Name
250 Catlin Group Ltd
250 Centamin 100 Centrica 250 Cineworld Group 250 Close Brothers Group 250 Cobham 100 Coca-Cola HBC AG
250 Colt Group SA
100 Compass Group 250 Computacenter 250 Countrywide 250 Cranswick 250 Crest Nicholson Holdings 100 CRH 250 Croda International 250 CSR 250 De La Rue 250 Debenhams 250 Dechra Pharmaceuticals 250 Derwent London 100 Diageo 250 Dignity 250 Diploma 250 Direct Line Insurance Group
100 Dixons Carphone 250 Domino Printing Sciences 250 Domino’s Pizza Group 250 Drax Group £1,200,000
Total
remuneration
Benjamin Meuli
Pierre Louw
Nick Luff
Philip Bowcock
Jonathan Howell
Simon Nicholls
Michalis Imellos
Mark Ferrari
Dominic Blakemore
Tony Conophy
Jim Clarke
Mark Bottomley
Patrick Bergin
Maeve Carton
Sean Christie
Will Gardiner
Colin Child
Neil Kennedy
Anne-Francoise
Nesmes
Damian M.A. Wisniewski
Deirdre Mahlan
Steve Whittern
Nigel Lingwood
John Reizenstein
£2,517,760
£0
£1,218,000
£592,000
£4,359,000
£435,000
£0
£911,680
£1,272,000
£533,800
£638,000
£777,000
£4,606,207
£1,063,340
£1,431,352
£1,296,279
£880,000
£0
£901,000
Humphrey Singer
Andrew Herbert
Lee Ginsburg
Tony Quinlan
£1,493,000
£737,000
£765,000
£2,119,000
£1,411,000
£3,784,000
£994,000
£1,160,000
£1,140,000
£4,833,000
£240,000
IndexCompany
Name
250 Dunelm Group 100 easyJet 250 Electrocomponents 250 Elementis 250 EnQuest 250 Enterprise Inns 250 Entertainment One Ltd
250 Essentra 250 esure Group 250 Euromoney Institutional Investors
100 Experian 250 F&C Commercial Property
Trust Ltd
250 Fenner
250 Ferrexpo 250 Fidessa Group 250 FirstGroup 250 James Fisher & Sons 250 Foxtons Group 100 Friends Life Group Ltd
100 G4S 250 Galliford Try 250 Genus 100 GKN 100 GlaxoSmithKline 100 Glencore 250 Go Ahead Group
250 Grafton Group
250 Grainger 250 Great Portland Estates
£1,288,800
Total
remuneration
David Stead
Chris Kennedy
Simon Boddie
Brian Taylorson
Jonathan Swinney
Neil Smith
Giles Willits
Matthew Gregory
Darren Ogden
Colin Jones
£1,014,000
£4,059,000
£914,303
£1,643,000
£838,000
£581,000
£6,554,000
£1,087,000
£403,932
£1,378,772
Brian Cassin
David Logan
£1,034,000
£1,182,834
Richard Perry
Christopher Mawe
Andy Malpass
Chris Surch
Stuart Kilpatrick
Gerard Nieslony
Tim Tookey
Himanshu Raja
Graham Prothero
Stephen Wilson
William Seeger
Simon Dingemans
Steven Kalmin
Keith Down
David Arnold
Mark Greenwood
Nick Sanderson
£608,000
£1,378,505
£1,014,000
£807,000
£940,000
£150,000
£1,524,000
£446,554
£748,000
£569,000
£2,772,000
£3,292,000
£242,000
£1,299,000
£273,000
£1,107,000
£2,041,000
February 2015 | financialdirector.co.uk | 29
FEATURE Salary survey
IndexCompany
Name
250 Greencore Group 250 Greene King
250 Halfords
250 Halma 100 Hammerson
250 Hansteen Holdings
100 Hargreaves Lansdown 250 Hays 250 HellermannTyton Group 250 Henderson Group 250 Hiscox Ltd
250 Home Retail Group
250 Homeserve 250 Howden Joinery Group 100 HSBC Holdings 250 Hunting 250 ICAP 250 IG Group Holdings 100 IMI 100 Imperial Tobacco Group
250 Inchcape 250 Infinis Energy 250 Informa 250 Inmarsat 100 InterContinental Hotels Group
250 Intermediate Capital Group
100 International Consolidated
Airlines Group SA
250 International Personal Finance
250 Interserve 100 Intertek Group 100 Intu Properties 250 Investec 250 IP Group 100 ITV 100 Sainsbury (J) 250 Jardine Lloyd Thompson Group
250 JD Sports Fashion 100 Johnson Matthey 250 Jupiter Fund Management 250 Just Retirement Group 250 Kaz 250 Keller Group
250 Kier Group 100 Kingfisher
Total
remuneration
Alan R Williams
Matthew Fearn
Andrew Findlay
Kevin Thompson
Timon Drakesmith
Richard Lowes
Tracey Taylor
Paul Venables
Tim Jones
Roger Thompson
Stuart John Bridges
Richard Ashton
Johnathan Ford
Mark Robson
Iain Mackay
Peter Rose
Iain Torrens
Christopher Hill
Douglas Hurt
Oliver Tant
John McConnell
Gordon Boyd
Adam Walker
Rick Medlock
Tom Singer
£1,163,000
£688,000
£659,981
£1,226,000
£948,000
£677,000
£1,153,000
£2,225,000
£461,000
£722,000
£1,756,039
£1,172,000
£639,000
£3,698,000
£4,365,000
£928,000
£1,325,000
£1,349,000
£3,223,000
£1,336,000
£2,013,000
£3,121,000
£1,211,501
£362,000
£2,085,000
Philip Keller
£3,094,900
Enrique Dupuy de
Lôme Chávarri
David Broadbent
£1,192,000
Tim Haywood
Lloyd Pitchford
Matthew Roberts
Glynn R Burger
Greg Smith
Ian Griffiths
John Rogers
Mike T Reynolds
£1,416,286
£1,689,320
£821,000
£2,101,099
£933,000
£3,399,000
£1,713,000
£831,000
Brian Small
Robert MacLeod
Philip Johnson
Simon Thomas
Andrew Southam
James Hind
Haydn Mursell
Karen Witts
£529,000
£1,719,000
£1,116,650
£701,000
£674,000
£1,320,000
£854,000
£1,540,900
30 | financialdirector.co.uk | February 2015
£1,113,000
IndexCompany
Name
250 Ladbrokes 250 Laird 250 Lancashire Holdings
100 Land Securities Group 100 Legal & General Group 100 Lloyds Banking Group 100 London Stock Exchange Group
250 LondonMetric Property 250 Lonmin 250 Man Group
100 Marks & Spencer Group 250 Marston’s 100 Meggitt
250 Melrose Industries 250 Merlin Entertainments 250 Michael Page
International
250 Micro Focus International 250 Mitchells & Butlers 250 Mitie Group
100 Mondi 250 Moneysupermarket.Com
250 Morgan Advanced Materials
250 National Express
100 National Grid
100 Next 250 Northgate 250 Ocado Group 100 Old Mutual 250 Ophir Energy 250 Oxford Instruments 250 Pace 250 Paragon Group of Companies
250 Paypoint 100 Pearson 250 Pennon Group
250 Perform Group Ltd
100 Persimmon 250 Petra Diamonds Ltd
100 Petrofac
250 Pets At Home Group 250 Phoenix Group Holdings
250 Playtech 250 Poundland Group Total
remuneration
Ian A Bull
Jonathan Silver
Elaine Whelan
Martin Greenslade
Mark Gregory
George Culmer
David Warren
£2,106,000
£1,211,000
£2,033,700
£1,768,000
£2,740,000
£2,254,000
£1,347,000
Martin McGann
Simon Scott
Jonathan Sorrell
Alan Stewart
Andrew Andrea
Doug Webb
Geoffrey Martin
Andrew Carr
Andrew Bracey
£713,000
£417,681
£1,695,677
£915,000
£386,435
£398,000
£782,144
£94,000
£512,000
Mike Phillips
Tim Jones
Suzanne Baxter
Andrew King
Paul Doughty
Kevin Dangerfield
£3,572,000
£788,000
£860,678
£2,026,830
£1,585,845
£394,428
Jez Maiden
Andrew Bonfield
David Keens
Chris Muir
Duncan Tatton-Brown
Philip Broadley
Lisa Mitchell
Kevin Boyd
Roddy Murray
Nicolas Keen £1,155,000
£3,189,000
£5,402,000
£385,000
£627,000
George Earle
Robin Freestone
David Jeremy Dupont
David Surtees
Mike Killoran
David Abery
Tim Weller
Ian Kellett
James McConville
Ron Hoffman
Nicholas Roger
£1,598,000
£1,244,000
£918,000
£3,040,000
£584,000
£1,000,000
£952,960
£2,048,000
£409,000
£3,132,465
£930,421
£1,011,840
£16,881
£934,000
£538,648
£285,000
IndexCompany
Name
250 Premier Farnell
250 Premier Oil 250 Provident Financial 100 Prudential 250 PZ Cussons 250 QinetiQ Group 100 Randgold Resources
250 Rank Group
250 Rathbone Brothers 100 Reckitt Benckiser Group 250 Redrow 100 Reed Elsevier 250 Regus 250 Renishaw 250 Rentokil Initial 250 Restaurant Group
250 Rexam 250 Rightmove 100 Rio Tinto 100 Rolls Royce Holdings 250 Rotork 100 Royal Bank of Scotland Group
100 Royal Dutch Shell A Shares
100 Royal Mail 250 RPC Group 250 Rps Group 100 RSA Insurance Group
100 SABMiller 100 Sage Group 250 Savills 100 Schroders 100 SSE 250 Segro 250 Senior 250 Serco Group
100 Severn Trent 250 Shaftesbury
100 Shire 250 Sig 100 Smith & Nephew 250 Smith (DS)
100 Smiths Group Total
remuneration
Hateley
Mark Whiteling
Tony Durrant
Andrew Fisher
Nicolaos Nicandrou
Brandon Leigh
David Mellors
Graham
Shuttleworth
Clive Jennings
Paul Stockton
Adrian Hennah
Barbara Richmond
Duncan Palmer
Dominique Yates
Allen Roberts
Jeremy Townsend
Stephen Critoph
David Robbie
Robyn Perriss
Chris Lynch
Mark Morris
Jonathan Davis
Nathan Bostock
£633,000
£649,700
£3,363,000
£4,141,000
£661,033
£1,236,601
£2,480,572
£365,897
£738,000
£3,869,392
£1,217,000
£2,153,000
£765,800
£429,000
£695,000
£1,505,000
£2,129,000
£503,016
£2,688,000
£1,661,000
£923,000
£265,000
Simon Henry
£3,464,940
Matthew Lester
S J Kesterton
Gary Young
Richard Houghton
Jamie Wilson
Steve Hare
Simon Shaw
Richard Keers
Gregor Alexander
Justin Read
Derek Harding
Andrew Mark
Jenner
Michael McKeon
Christopher Ward
Graham Hetherington
Doug Robertson
Julie Brown
Adrian Marsh
Peter Turner
£1,361,000
£698,000
£406,000
£580,000
£3,847,000
£720,000
£1,863,503
£1,578,000
£1,742,000
£772,000
£516,000
£674,711
£1,337,400
£500,000
£3,528,000
£586,000
£1,943,823
£528,500
£1,445,000
IndexCompany
Name
250 SOCO International 250 Spectris 250 Spirax-Sarco Engineering 250 Spirent Communications 100 Sports Direct Intl 100 St James’s Place 250 St Modwen Properties 250 Stagecoach Group 100 Standard Chartered 100 Standard Life 250 Stock Spirits Group 250 Supergroup
250 Synergy Health 250 Synthomer 250 Talktalk Telecom Group 250 Tate & Lyle 250 Taylor Wimpey 250 Ted Baker
250 Telecity Group
250 Telecom Plus 100 Tesco 250 Thomas Cook Group 100 Travis Perkins 100 TUI Travel 250 Tullett Prebon 100 Tullow Oil 250 UBM 250 UDG Healthcare 250 Ultra Electronics Holdings
100 Unilever 250 Unite Group
100 United Utilities Group 250 Vesuvius 250 Victrex
100 Vodafone Group 250 WH Smith 100 Weir Group 250 J D Wetherspoon 100 Whitbread 250 William Hill 100 Morrison (Wm) Supermarkets
100 Wolseley 250 Wood Group (John) 250 Workspace Group 100 WPP 250 Atkins (WS) Total
remuneration
Roger Cagle
Clive Watson
David Meredith
Eric Hutchinson
Bob Mellors
Andrew Croft
Michael Dunn
Ross Paterson
Richard Meddings
Jackie Hunt
Lesley Jackson
Shaun Wills
Gavin Hill D C Blackwood
Stephen Makin
Tim Lodge
Ryan Mangold
Lindsay
Dennis Page
Brian
McArthur-Muscroft
Chris Houghton
Laurie McIlwee
Michael Healy
Tony Buffin
William Waggott
Paul Mainwaring
Ian Springett
Robert Gray
Alan Ralph
Mary Waldner
Jean-Marc Huët
Joe Lister
Russ Houlden
Chris O’Shea
Steve Barrow
Andy Halford
Robert Moorhead
Jon Stanton
Kirk Davis
Nicolas Cadbury
Neil Cooper
Trevor Strain
£1,647,360
£1,380,000
£857,657
£456,896
£112,500
£2,011,273
£1,425,000
£1,346,000
£3,059,200
£228,000
£1,363,540
£509,516
£783,000
£560,928
£665,000
£1,433,000
£1,990,000
£703,000
John Martin
Alan G Semple
Graham Clemett
Paul Richardson
Heath Drewett
£3,095,600
£1,468,800
£1,451,300
£9,176,000
£1,187,600
£571,200
£336,000
£1,536,000
£1,342,000
£649,000
£4,225,000
£846,000
£1,628,306
£1,097,805
£700,730
£241,000
£4,979,000
£1,185,658
£1,597,000
£1,056,000
£367,505
£3,842,000
£2,198,000
£848,601
£395,000
£1,223,000
£3,012,519
£712,000
February 2015 | financialdirector.co.uk | 31