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Manorview Group reveals results of staff profit share scheme

08 January 2018 by
Manorview Group reveals results of staff profit share scheme

Employees at the Manorview Hotels & Leisure Group will receive an average payout of £265 as part of the first distribution of its new staff profit share scheme.

The HeartCount fund, which was launched last August for the financial year to 31 March 2018, shares a proportion of the Group's profits with its workforce.

Under the scheme, Manorview committed to allocating 10% of its pre-tax profits to the fund. Pre-tax profit of £825,000 for the first six months of the year has led to a total of £82,680 to be paid out across 311 qualifying team members, with average pay-outs to individuals equating to approximately 4% of their gross earnings over the period.

All employees who have worked for the Manorview Group for a continuous period of 12 months qualify, and the fund is distributed in proportion to qualifying employee's earnings.

A further pay-out will be made to employees this summer, which will be based on full year results, and is expected to make the total pay-out approximately £200,000.

The goal of Manorview is to encourage employee retention, increase profitability, and share more of its profits across a wider network of employees.

Manorview was founded by managing director Steve Graham (pictured) in 2007, when he purchased the Commercial hotel in Wishaw, Lanarkshire. The company has since grown to 16 properties, comprising five pubs, two nightclubs, nine hotels and nearly 600 employees. Total turnover for the year to 31 March 2016 was £15.8m.

Graham said: "Our vision is for a strong, committed workforce, where we all feel part of the Manorview culture, live by its values, and where we work collectively towards the same goals and vision. The HeartCount Fund is an integral part of that culture, where we all contribute, share and celebrate our success. My goal is to inspire a team who see long term career opportunities at Manorview, and are proud to be a part of our growth."

Manorview Group launches staff profit share scheme >>

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