MD Steve Graham at Busby Hotel
The Manorview Hotels & Leisure Group has announced the first results of its profit share scheme. The HeartCount Fund, which was launched last August, shares a proportion of the Group’s profits with its workforce.
Under the Profit Share Scheme announced for the financial year to 31 March 2018, Manorview committed to allocating 10% of its pre-tax profits to the HeartCount Fund. The Manorview Group has achieved a record pre-tax profit for the first six months of the year which has led to a total of £82,680 to be paid out across qualifying team members.
The first payments will be made in January 2018, with a further pay-out this summer, which will be based on full year results.
A total of 311 Manorview team members qualified to be included in the first HeartCount Fund disbursement with average pay-outs to individuals equating to approximately 4% of their gross earnings over the first 6 months of the year.
The goal of the Manorview Group is to encourage employee retention, further increase profitability leading to a growth in the HeartCount Fund, and ultimately share more of its profits across a wider network of employees.
The fast-growing Group was founded by Glasgow-based Steve Graham in 2007, when he purchased The Commercial Hotel in Wishaw, Lanarkshire.
The company has since grown to incorporate a total of 16 licensed trade properties, comprising five pubs, two nightclubs and nine hotels, and a total staff of nearly 600. Total turnover for the year to 31 March 2016 for the entire Group was £15.8m.
Steve Graham, CEO, Manorview Group said, “Our vision is for a strong, committed workforce, where we all feel part of the Manorview culture, live by its values, and where we work collectively towards the same goals and vision. The HeartCount Fund is an integral part of that culture, where we all contribute, share and celebrate our success.
"My goal is to inspire a team who see long term career opportunities at Manorview, and are proud to be a part of our growth. I believe we can achieve this by nurturing our talent, rewarding loyalty, and by communicating our core values. Ultimately a happy and rewarding working environment leads to increased levels of service and memorable experiences for our customers”.