Percentage change in the remuneration of Directors The table below shows the movement in the salary or fees, benefits and annual bonus for each Director over the last five financial years compared to the equivalent changes for all colleagues of the Company. The comparator group for salaries and benefits is all colleagues in the UK. During the year, UK-based colleagues were provided with a medical cash plan, along with the addition of critical illness cover. There are no employees of NCC Group plc. The comparator group for the bonus is those in the senior management population who also have an annual scheme and excludes those on commission and incentive plans. Executive Directors
Year
Mike Maddison (CEO)
Guy Ellis (CFO)
All colleagues
2024/25
2.5%
9.6%
4.67%
% increase in salary
2023/24 (16 months) 2023/24 (12 months)
18.6% 16.5%
— — — — —
7.4% 6.7% 7.9% 5.1% 5.1%
2022/23 2021/22 2020/21
— — —
2024/25
—
—
139%
% increase in benefits
2023/24 (16 months) 2023/24 (12 months)
950.0%
— — — — —
— — — — —
1,000.0%
2022/23 2021/22 2020/21
— — —
2024/25
(17.0%)
2.0%
(19.0%)
% increase in annual bonus
2023/24 (16 months) 2023/24 (12 months)
1,841.0% 1,241.0%
— — — — —
561.0% 412.0% (89.0%) (40.0%)
2022/23 2021/22 2020/21
— — —
1.0%
Non-Executive Directors Non-Executive Directors do not receive benefits and are not eligible to participate in the annual bonus and therefore do not have those rows in the table below.
Chris Stone
Julie Chakraverty
Jennifer Duvalier
Lynn Fordham
Mike Ettling
Year
2024/25
4.7%
2.9%
3.7%
3.7%
4.4%
% increase in salary
2023/24 (16 months) 2023/24 (12 months)
— —
9.6% 9.0%
— —
46.7% 45.7%
— —
2022/23 2021/22 2020/21
3.0%
225.0%
2.0%
— — —
2.0%
14.0% (5.0%)
— —
29.0%
20.0%
2.0%
(8.0%)
The decrease and subsequent increase of NED fees in 2020/21 and 2021/22 are the results of the removal and reintroduction of the travel allowance and a review of NED fee levels. The travel allowance was removed in 2020/21 due to the lower levels of travel resulting from the reaction to the pandemic and then was reintroduced in 2021/22. The combination of these factors results in changes which are not reflective of changes to NED fee levels. The changes are also affected by the comparison of fees for a full year to fees for a part year when a Director joins or leaves. The increase for the CEO’s / CFO’s salary has been explained within the Committee Chair’s opening statement. The significant increase in CEO bonus in 2023/24 from the previous year was caused by the 2022/23 bonus paying out at a very low level, with the 2023/24 bonus being paid out at a much higher level. For the 2023/24 16 month comparison, this has been annualised to provide a meaningful comparison to the prior year. To note that for the 2022/23 year, Mike Maddison (CEO) joined on 7 July 2022 hence the 2022/23 year is not a full year for comparison purposes. To note that for the 2023/24 year, Guy Ellis (CFO) was appointed on 30 June 2023 hence the 2023/24 period is not a full year for comparison purposes and there is no prior year comparator. The increase to the CFO’s salary above the average increase to colleagues during the year has been explained earlier in the Chair’s introductory letter.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 89
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