Directors’ salaries on AIM

Recent months may have seen a flurry of new investment concerns with no trading businesses of their own arrive on the market, yet AIM companies continued to pay their chief executives an average of £137,000 last year, according to new research from Growth Business’ sister publication Growth Company Investor.

The survey, of 700 AIM companies, also uncovered that those listed on the market paid their boards an average of £382,200 in 2004/05. Some easily exceeded this total, however, with solidly profitable marine equipment specialist Hamworthy, for instance, awarding its whole board a staggering £3.5 million during the period. Almost £1 million went to group’s chief executive alone, with these generous payouts being awarded for successful management of the company’s float process.

Several loss-making businesses also made sizeable payouts to their directors, with those at the helm of IFA group Millfield receiving a combined £1.4 million, even though the company lost £14 million during the year.

Nick Britton

Nick Britton

Nick was the Managing Editor for when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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