Hyde Group owners share £16m payout
13th July 2012
SHAREHOLDERS in engineering firm Hyde Group benefitted from a £16.6m dividend in 2011, according to newly-filed accounts.The large payout to shareholders, which includes family members of the group's original founders, occurred despite the fact that the company's sales slipped for the fourth year in succession. Sales fell by 8% in the year to September 30 to £107.2m (£116.1m), while pre-tax profits also dropped by 23% to £7.6m (£9.8m).The company said that it considered the trading figures to be accept......for the full story register now for free or login below...
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