QUIZ chief executive Tarak Ramzan has seen his total remuneration double in a year in which the clothing chain bucked the gloomy trend on the high street.

Glasgow-based Quiz’s annual report shows Mr Ramzan earned £163,000 in the year to March 31, against £81,000 in the preceding year.

Mr Ramzan is also in line to receive dividends totalling around £140,000 in respect of his 14.3 per cent holding in the company’s shares. Directors have proposed that Quiz should pay a final dividend of 0.8p per share in September.

In the annual report Quiz said its flotation on the Alternative Investment Market in July last year had enabled the brand to capitalise on clear and exciting growth opportunities in the UK and internationally.

Quiz raised £10.3m through the flotation. The company opened five new stores and six concessions in the UK last year. It also opened three stores in Spain and recorded its first direct US sales through department stores.

The firm grew profits by £400,000 to £8.5 million. Group revenue increased by 30% to £116.4 million.

In June Mr Ramzan said the company’s stores and products differed from those of rivals and noted its social media presence.

Chief commercial officer Sheraz Ramzan earned £116,000 last year, up from £55,000.