Transparency and value for money

Transparency in how we spend our money and our key customer policies.

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 2020/21, we had an overall surplus after taxation of £69.9 million, with undrawn loan facilities in place totalling £940 million, with current borrowing for the Group of £1,444.1 million.

For more information see our Annual Review 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 average number of persons employed expressed in full time equivalents.

Salary bands Group 2021 Number TGPL 2021 Number Group 2020 Number TGPL 2020 Number
£60,001 to £70,000 38 30 48 38
£70,001 to £80,000 43 41 34 33
£80,001 to £90,000 29 28 23 20
£90,001 to £100,000 9 7 8 8
£100,001 to £110,000 7 5 8 6
£110,001 to £120,000 4 4 5 5
£120,001 to £130,000 3 3 5 5
£130,001 to £140,000 4 4 3 3
£140,001 to £150,000 2 2 2 2
£150,001 to £160,000 2 2 2 2
£160,001 to £170,000
£170,001 to £180,000 1 1
£180,001 to £190,000
£190,001 to £200,000 1 1 2 2
£200,001 to £210,000 2 2 2 2
£210,001 to £220,000 1 1
£260,001 to £270,000
£300,001 to £310,000 1 1 1 1
£380,001 to £390,000 1 1

 

Pay of The Guinness Partnership Ltd Board Members

 

Board Member Board/Committee 2021 2020
Neil Braithwaite Board Member 28,573 28,573
Linda Sanders Board Member 12,500 12,500
Mike Petter (resigned Mar 21) Board Member 18,000 16,000
Samantha Pitt Board Member 16,000 16,000
Ben Laryea (appointed 1 Sept 20) Board Member 7,291.67 N/A
Lee Bolton (appointed 1 Sept 20) Board Member 9,375 N/A
Amanda Calvert Board Member 12,500 12,500
Phil Morgan Board Member 14,250 15,417
Chris Wilson Board Member 16,000 16,000
Gina Amoh (appointed 1 Sept 20) Board Member 7,201 N/A
Chris Stevens Board Member 12,500 12,500

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 2019 - March 2020

Supplier Spend (£k)
Wates Property Services Lts/Wates Living Space 11,985
Henry Construction Projects Limited 11,842
Sure Maintenance Ltd 8,732
Crest Nicholson South West 7,117
Engie Regeneration 6,618
K&T Heating Services Ltd 4,971
Zurich Municipal 3,847
Bovis Homes Ltd 3,844
Novus Property Solutions 3,672
Vistry Partnerships Yorkshire Limited/Galliford Try Partnerships Yorkshire 3,659
Opus Energy Corporate Ltd 3,340
Berkeley Homes (Southern) Limited 2,935
Mayflower North West Ltd 2,803
Vinci Facilities 2,766
M D Building Services Ltd 2,715
Drew Smith Limited 2,491
Edmundsons Electrical 2,346
Orbis Protect Ltd 2,265
Knightspur Homes Ltd 2,225
Sheffield Health & Social Care NHS Foundation Trust 2,008
Kier Services Ltd 1,999
Taylor Wimpey Exeter 1,810
Danescroft Development Management LLP 1,680
Gazprom Marketing & Trading Retail Ltd 1,677
Gamma Telecom Limited 1,498
Broadgate Estates Ltd 1,441
Allied Protection Ltd 1,385
Springhead Sprinkler Systems Limited 1,376
Comparex UK Ltd 1,288
The Casey Group Ltd 1,285
MCI Developments 1,258
Dasco 1,240
Brymor Construction Ltd 1,188
G Purchase Construction Ltd 1,175
Michael Page International Recruitment Ltd 1,096
Jones Lang & Lasalle/King Sturge LLP 1,074
All Star Fuel 960
City Plumbing 929
Trowers & Hamlins LLP 925
P & R Installation Company Ltd 918
European Electronique 843
Travis Perkins 815
Northbank Demolition Company Ltd 813
Lorne Stewart Plc 797
Pennington Choices Ltd 782
Arval 741
D J Atkinson Construction Ltd 726
Appello Smart Living Solutions Ltd 713
CDW Limited 709
PRP Architects Ltd 700

 

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.