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Travis Perkins in £17m payout

More than 2100 people working at builders merchant group Travis Perkins are to benefit ina bumper payout thanks to the group’s Save-As-You-Earn scheme.

Employees across the Group, which includes Keyline, Benchmarx, City Plumbing Supplies, Wickes, Tile Giant and ToolStation as well as Travis Perkins, who have saved between £5 and £250 a month for the past three years, are sharing a potential £17m pay-out.

Over 400 top savers, who have contributed the maximum £250 every month for the past three years, a total of £9,000 each, will receive more than £16 500 each in return for their savings.

The strong return reflects the fact thatTravis Perkins’ performance has remained resilient, and the Group has remained an attractive option for investors.

Carol Kavanagh, Group TP’s human resources director, said: “The Travis Perkins Save As You Earn scheme has really delivered for thousands of employees this year. With household bills stretching personal budgets for many people, I am certain that today’s returns for our employees will be a very welcome boost to income.”

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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