Private equity pay

The directors’ pay bill at private equity firm Terra Firma increased by 183% last year, according to accounts filed at Companies House.

Terra Firma Capital Partners, whose investments include Odeon and UCI Cinemas and Four Seasons Health Care, posted a profit of nearly £4.5million in the year ended March 2013 — up from £2.5million the previous year. And the directors of the firm profited with their total pay bill increasing to £5.63 million from £1.99 million in 2012.

The highest paid director — more than likely to be chief executive Tim Pryce — was paid £2.7 million in 2013. It also can’t be said for certain that Pryce was the recipient of the £750,000 as the highest paid director for the year before. But if he was, his pay has increased by 260% over the two years.

Guy Hands, the man behind Terra Firma, benefited from a £3 million dividend paid to a Cayman Island-registered company controlled by him. The dividend paid was down on the £3.5 million paid the year before.