The Hut Group chief executive was paid only £20,000 last year after donating his entire salary to charity.

After donating almost his entire £750,000 salary to charity, Matthew Moulding only received £20,000 last year., The CEO was entitled to a bonus which he waived.

Following the revelation that THG spent £797,000 on Moulding’s private security between 2020 and 2021, Matthew Moulding would not accept any financial help.

After discussions with HMRC, the group suspended the idea that this sum could be tax deductible. Finance boss John Gallemore is also one of the CEOs who has donated most of his salary to charity. He received only £20,000 of his £430,000 salary.

Last month, the news came to light. THG reportedly announced an increase in profits and revenues for the full year. He confirmed receipt of “indicative proposals” from companies interested in buying the business.  The financial year ends on 31 December 2021. THG said it was “well ahead” of its revenue and expansion targets with sales of £2.2bn and adjusted EBITDA of £161.3m.

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