close

Terra Firma owner forgoes annual dividend as Four Seasons drags down profit

Guy Hands, the founder and chairman of Terra Firma, will not receive a dividend payment from the company as its investment in Four Seasons Health Care dragged down profits.

The private equity firm is owned by a holding company called London 58, which is controlled by Hands. It has paid dividends totalling £9.5 million to shareholders over the past three years.

But this year the annual dividend has been shelved, and other Terra Firma executives have seen their pay constrained.

Story continues below
Advertisement

In accounts filed this week, Terra Firma reported profits down to £1.86 million in the 2014-15 financial year that ended in March 2015. Profit was £2.23 million for the previous financial year.

Turnover also fell from £34.2 million to £28.3 million as investor fees and earnings from companies owned by Terra Firma dwindled.

Tags : Four Seasons Health CareGuy HandsTerra Firma
mm

The author Rob Corder

Leave a Response