In the company's annual report, Paul Neep, chairman of the executive directors remuneration committee, wrote: "The company was faced with a number of challenges and headwinds in 2012 and, while both operating profits and operating cash flow improved, performance did not meet the targets set."
In 2011, chief executive Peter Page and finance director Simon Webb received bonuses totalling £258,000. They went without any in 2012. Directors' salaries and fees totalled £948,000 in 2012.
Contextual targeting label:
Finance
