Transparency and
value for money

We'll always be open and transparent in how we do business and how we can treat our customers and stakeholders.

You’ll find lots of this information here, but if you need more details, you can review our financial statements.

How we raise and spend our money

At the end of 2016/17, we had an overall surplus of £130million, with loan facilities in place totalling £1,624.3 million, with current borrowing of £1,057.3 million.

For more information see our Annual Review and Value for Money statement below.

Rewarding our staff

The Remuneration and Nominations Committee meets at least three times a year. It makes recommendations on senior executive pay and benefits.

Staff and board salaries

Staff salaries by bands

 

The Guinness Partnership Ltd
Salary band 31/03/2018 31/03/2017
Less than £60,000 1,326 1,417
£60,001 – £70,000 39 32
£70,001 – £80,000 17 24
£80,001 – £90,000 6 3
£90,001 – £100,000 6 5
£100,001 – £110,000 2 4
£110,001 – £120,000 2 2
£120,001 – £130,000 2 2
£130,001 – £140,000 1 1
£140,001 – £150,000 1 3
£150,001 – £160,000 3 2
£160,001 – £170,000
£170,001 – £180,000 1
£180,001 – £190,000
£190,001 – £200,000 1
£200,001 – £210,000
£220,001 – £230,000
£250,001 – £260,000 1 1
£260,001 – £270,000

 

Guinness Care and Support
Salary band 31/03/2018 31/03/2017
Other employees 1,215 543
£60,001 – £70,000 3 1
£70,001 – £80,000 1
£80,001 – £90,000 2
£90,001 – £100,000 2 1
£100,001 – £110,000
£110,001 – £120,000 1
£120,001 – £130,000
£130,001 – £140,000
£140,001 – £150,000 1 1

Chief Executive and Chairman's remuneration on a £ per unit basis

2018 2017
Chief Executive remuneration £252,000 £252,000
Chair remuneration £26,786 £25,000
Units 66,779 66,684
Chief Executive and Chairman’s remuneration (£ per unit basis) £4.17 £4.15

Pay of The Guinness Partnership Ltd Board Members

 

Board Member Board/Committee 2018 2017
Neil Braithwaite Board Member 26,786 25,000
Peter Cotton Board Member 18,000 18,000
Mike Petter Board Member 16,000 16,000
Samantha Pitt Board Member 16,000 16,000
John Lougher Board Member 12,500 11,458
Laure Duhot Board Member 12,500 9,375
Amanda Calvert Board Member 12,500 2,117
Phil Morgan Board Member 12,500 2,117

 

Funding new homes

We invest our surplus back into improving existing homes, building new ones and providing services for our customers.

We deliver some new homes through Homes England and Greater London Authority Affordable Homes Programmes. Every year we report on our top 50 suppliers and each quarter we report on all expenditure over £500 used to deliver these Homes England-funded schemes.

Being transparent about our suppliers

Our top 50 suppliers: April 2017 - March 2018

Supplier Spend (£)
Countryside Properties UK Ltd. 28,042,813
Galliford Try Partnerships 9,391,680
M C I Developments Ltd. 8,865,066
Sure Maintenance Ltd. 5,734,909
Zurich Municipal 3,743,235
Wates Living Space Maintenance Ltd 3,446,791
MD Building Services Ltd 3,144,131
Edmundsons Electrical Distributors 3,128,260
Atos It Services UK Ltd 2,471,613
P & R Installation Company Ltd 2,199,136
Herbert T Forrest Ltd 2,059,966
Opus Energy Corporate Ltd 1,848,955
K&T Heating Heating Services Ltd 1,839,505
Sheffield Health & Social Care Nhs Foundation Trust 1,794,589
Michael Page International Recruitment Ltd 1,794,406
Broadgate Estates Ltd 1,777,405
Mitie Property Services UK Ltd 1,730,436
Travis Perkins 1,604,269
Grafton Group 1,569,323
Orbis Protect Ltd 1,529,062
D J Atkinson Construction Ltd 1,461,069
EOR Boiler & Heating Engineers Ltd*Con 1,394,040
Axis Europe Plc 1,375,121
KPMG LLP 1,288,913
European Electronique 1,132,386
Forbes Solicitors 1,103,334
Redbridge Interiors Ltd 1,045,206
Shell UK Oil 1,041,050
Lorne Stewart Plc 1,035,398
Novus Property Solutions 976,518
Allied Protection Ltd 972,735
Comparex UK Ltd 966,949
Kier Living Ltd 951,938
Arval UK Ltd 912,918
Keepmoat Homes Ltd 910,698
Gazprom Marketing & Trading Retail Ltd 897,010
Sustainable Building Services UK Ltd 860,649
Kingfisher Windows 845,983
G Purchase Construction Ltd 836,663
AJS Installations Ltd 831,477
Savills UK Ltd 829,381
J Harper & Sons Leominster Ltd 813,986
E G Carter & Co Ltd 775,481
De Poel/GRI 755,744
Hewer Facilities Management Ltd 752,188
Trainline.Com Ltd 724,566
Eurocell 688,045
Northgate Vehicle Hire Ltd 682,462
IG Doors 680,805
City Plumbing Supplies 666,307

 

Clear customer policies

At Guinness we have policies that guide us in delivering services to our customers. They’re explained in our customer services section, but you can read some of our key policies below.

We also produce a customer version of our Annual Review [pdf] each year and encourage our customers to get involved with our work.