Publication:

The Mail on Sunday - 2021-10-10

Data:

Ginsters boss’s pay rise despite furlough

Financial

By Neil Craven

THE maker of Ginsters pasties and Melton Mowbray pork pies paid its boss £1.8million last year, despite drawing £11.3million in taxpayer-funded furlough cash. The pay to the highest paid director at the Samworth Brothers group, assumed to be chief executive Flor Healy, was £320,000 more than the previous year. The company made a £31.6 million loss in the year to January 2021 and, in a statement to The Mail on Sunday, described the period as ‘very challenging’. It said the Government’s Coronavirus Job Retention Scheme ‘allowed us to keep colleagues on in employment when otherwise this would not have been the case’. The Leicester-based firm, owned by Sir David Samworth and his family, said the rise in pay was due to ‘incentive arrangements earned and paid prior to the onset of the pandemic’. It declined to say if Healy was the recipient. Turnover fell 9.6 per cent to £1.1billion. The previous year it made a £12.5million pre-tax profit.

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