Ginsters clan feasts on £15m dividend: Samworth Brothers made fee after gross sales at firm rose 11% to £1.2bn, regardless of claiming furlough money
The household behind Ginsters pasties and Soreen malt loaf has obtained a £15 million dividend regardless of claiming furlough money from the Authorities throughout Covid.
Leicestershire-based Samworth Brothers, which employs 10,000 folks, made the fee after gross sales on the firm rose 11 per cent to £1.2billion.
The corporate, chaired by Mark Samworth, swung to a £17million revenue within the 12 months to January, from a £32million loss the earlier 12 months.
Payout: The household behind Ginsters pasties has obtained a £15 million dividend regardless of claiming furlough money from the Authorities throughout Covid
The interim dividend was paid in the identical interval that the 126-year-old group claimed greater than £1.7million to place workers on furlough in the course of the pandemic.
In whole, the agency has obtained £13million of taxpayers’ cash for furlough over two years.
Paying dividends whereas claiming furlough was frowned upon by politicians and campaigners all through the pandemic.
The enterprise benefited from a surge in demand as Covid restrictions pressured households to dine at house.
Based by George Samworth in 1869, it has grow to be one of many largest suppliers of chilled meals and prepared meals to supermarkets, together with Melton Mowbray pork pies.
Lately it has grown considerably with new factories and the acquisition of extra manufacturers, together with premium pie and quiche model Higgidy, which it purchased in 2020.
