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SALFORD HOUSING FAT CATS REVEALED
 

Star date: 28th November 2012

Who Gets The Cream In Salford? Part 6

SOCIAL HOUSING COMPANIES HUGE SURPLUSES AND MASSIVE SALARIES

Those who live in social rent homes provided by the likes of Salix, City West, Contour, Irwell Valley and Great Places might well be struggling with rent increases and the forthcoming monsters of the ConDem Government's bedroom tax and Universal Credits. But those at the top of those companies are doing rather nicely, as we reveal in our Fat Cats Housing Special…

Full details here…


SALFORD FAT CATS PART SIX - HOUSING SPECIAL

To see Salford Fat Cats Part One – click here
To see Salford Fat Cats Part Two – click here
To see Salford Fat Cats Part Three – click here
To see Salford Fat Cats Part Four – click here
To see Salford Fat Cats Part Five – click here


Austerity and public sector cutbacks haven't stopped some Chief Execs, Directors and top earners lapping up the cream of public money. In Part Six we look at the `non-profit' companies providing social housing in Salford…

SALIX HOMES

The Salford Council-connected social house provider is currently looking at its future options. But its top earners will have loads of options with their bumper pay packets!

For the financial year 2010- 2011, five Executive Officers shared a bowl of cream worth £462,000, compared to £368,000 the previous year. The Salix accounts don't specify who got what, but a Freedom of Information request has revealed that in 2010-11 the Chief Exec got a salary and pension package of £105,411plus a car allowance of £925, and eligibility for a performance bonus of up to 10% of his annual salary!

Meanwhile, not far behind, was the Director of Services in the Neighbourhood with a salary and pension package of £86,877 plus £925 car allowance and eligibility for a performance bonus. This Director was actually `seconded to other work streams', so Salix coughed up for an interim Director on a salary of £67,374, plus that £925 car allowance and the performance bonus deal.

The Director of Finance and IT, and the Director of Improvement and Customer Services didn't miss out,  with both trousering a salary and pension package of £80,608 plus £925 car allowance each and eligibility for the performance bonus.

Perhaps Salix should get its tenants to vote on whether its directors should get a `performance bonus' on top of such huge pay packets…

 

CITY WEST

The `not for profit' housing trust which manages over 14,500 former council homes in West Salford, actually managed to make a `surplus' of over £11million during the last financial year…as its Fat Cats got fatter!

The highest paid Director at City West got an `emoluments' package of £152,153, excluding pension, in the year to March 2012 – a rise of almost £23,000 on the previous year.

Altogether five City West Directors got paid over £100,000 in the 2012 financial year, compared to four the previous year.

Also earning from being on the Board in 2012 were Salford City Councillors Robin Garrido (£1,310), James Dawson (£1,896), Joe Kean (£1,686) and Adrian Brocklehurst (£1,613).

Councillor Brocklehurst left the board in June 2012, to be replaced by Councillor Michael Wheeler. Altogether, over £22,000 was paid in remunerations and expenses to councillors and tenants/leaseholders who sit on the City West Board.

City West, which made a surplus during the 2011-12 financial year of £11.278million, describes itself as having `charitable objectives'. But during that year made charitable donations of just £3,005. Meanwhile, its employees made donations of £3,901.


CONTOUR

Contour Housing Group merged with Vicinity Housing Group to become Symphony Housing Group in April 2011. It gets loads of social housing grants for Salford and beyond.

Contour, a "charitable company", managed to make an operating surplus of £7.4million in the year to March 2012, while the Symphony Group made a surplus of £25.6million. Which is all good news for the Fat Cats.

While the former Chief Exec of Contour got a pay off in 2011 of £213,000, the current Chief Exec of Symphony pocketed £191,000 in emoluments and pension in the 2012 financial year, a rise of £12,000 on the previous year!

Symphony now describes itself as a `non charitable housing association', which isn't surprising - because during 2012 it gave nothing to charity, despite its £25.6m surplus.


GREAT PLACES

Great Places Housing Group Ltd has two subsidiaries – Great Places Housing Association, which has charitable status, and Plumlife Homes Ltd, which doesn't.

All the Group's activities are to do with social, supported and affordable housing in Salford and beyond, with Plumlife arranging shared ownership and equity deals, and operating the Homebuy scheme on behalf of the Government's Homes and Communities Agency.

In the financial year to March 2012 the Group made a surplus of almost £7.3million, up by over £4million on the previous year.

The Chief Exec of Great Places trousered emoluments during 2012 of £155,000, excluding pension payments; while the Association's five Executive Directors troughed £622,000 between them in emoluments and pensions. They are entitled to health insurance and the provision of a car or a car allowance. Non Executive Board sitters also got £39,000 between them.

 

IRWELL VALLEY

"Another fantastic year at Irwell Valley" states its Chair in her Annual Report for the year 2011-12, announcing a £3.4million surplus. Well it was certainly a `fantastic year for Irwell Valley's Chief Executive. He pocketed £200,000 in emoluments, excluding pension contributions – a £27,000 rise on the previous year!

Meanwhile eight members (excluding a few resignations) of Irwell Valley's Board of Management shared £65,000 in emoluments, and the Directors shared £431,000, although it doesn't say how many of them there actually are…

The Chief Exec also extended a loan of £35,000 taken out in 2005 to buy a car (!) and, with a £10,820 extension agreed this year, he still owes, er, £34,920. Hard times indeed!

 

 

 

 

Vic wrote
at 4:16:32 PM on Tuesday, February 12, 2013
Contour made an operating surplus of 7.4million yet an 87yr old friend of mine has been now 10 days without hot water whilst he waits for them to get a part in. Absolutely criminal.
 
Macsince76 wrote
at 3:01:19 PM on Sunday, December 2, 2012
the very reason I left salix homes & salford all fucking liars they put my family & I through hell.
 
wrote
at 7:09:57 AM on Sunday, December 2, 2012
Not for profit companies? Call them what you want, these HA dip into the public purse, they are hugely subsidised by the taxpayers of this country, not just tenants. They have a duty to spend money wisely and not pay over inflated wages to senior managers. Theyre hardly privately owned companies in the true sense. I suppose the question is- why can social housing in the hands of a housing association can turn over a profit, but it cant be done inhouse at SCC-after all the majority of the management & staff were seconded over to Salix & City West? New Prospect aka SCC didnt sell these council owned properties,they gave the houses on one side of the to city to City West and pay Salix Homes an arms length management fee to maintain and manage the remainder. Seems like the council in Salford are incapable of managing anything these days. You can see them off loading responsibility everywhere, its all around you-Urban Vision as was direct works. The day is coming when all Salford services are managed by a series of ALMO"s or quangos. Who will be out of a job then?
 
Michael Felse wrote
at 5:24:18 AM on Sunday, December 2, 2012
Surly this new tax on benefit will be unique to Salford and against European Human Rights. I urge the needy and deserved residents of Salford that have been put into financial difficulty through no fault of their own to not allow themselves to be placed in adverse positions by our Labour Council. I ask Salford Star to put a downloadable template letter on this site for people to fill in personal objection and by then pressing sent for a copy to go to The Mayor, European MEP and to the Minister for DCLG. Salford must demand equal rights to other residents across England. This tax was N O T voted for by anyone in the Mayoral election. It is one bad step too far by an inward looking Council.
 
Tahir Chakotai wrote
at 3:29:33 AM on Sunday, December 2, 2012
I just can't understand why Salford Council is telling tenants, that from April the first, anyone on any form of Benefit, will have to pay 14 percent of their council tax. A further 14 percent will be deducted off their housing benefit, for having two bedrooms in their property. Forcing the poor to pay some of their Council Tax is disgusting considering the Fat Cats, have had huge profits, and pay rises. If the Salford Council can pay for these Fat Cats, whom promise a lot, and do nothing, then how come they say they have no money to subsidise Council Tax Benefit. In conclusion, the only thing I can see happening in Salford, is a form of Social Cleansing. By making it too expensive to live in Salford, the poor will be forced to live in another city. And if that happens, where will the Salford Fat Cats, find a work force, to do menial tasks, for the minimal wage.?
 
Nachtschleper wrote
at 5:51:42 AM on Friday, November 30, 2012
Sausage head, there was nothing wrong with council housing the way it was before the 'public bad, private good' mantra came along. It's the same old, lame tory excuse for paying people who know knob all about knob all fortunes for fucking up. If these trusts are supposed to be non profit making then why don't they use the £11 million to build more decent social housing. Cut the executives pay by two thirds and they could build even more affordable housing. But I suppose it's not about housing anymore it's all about snouts in troughs.
 
Gary Duke wrote
at 1:19:39 AM on Friday, November 30, 2012
We might do well to remember these outrageous salaries and perks when the Tories and their arse-licks, the Lib Dems start directing the focus of their petty attentions at so called ' benefit cheats', immigrants, the disabled and any other poor sod at the bottom of society who they'd rather we blame for the current austerity measures. This is excellent reporting in the best tradition. Keep up the good work!
 
sausage head wrote
at 1:18:32 AM on Friday, November 30, 2012
Of course, in the case of City West, this is a private company distinct from the Council whereby they have to pay this kind of money to attract the best people. They create the situation that enables them to make a "surplus" of £11m. This money goes back into home improvements and now, house-building.
 
Mr Mayor wrote
at 5:25:58 AM on Thursday, November 29, 2012
These are lies I tell you. Lies!
 
Noel wrote
at 1:25:09 AM on Thursday, November 29, 2012
That's why I subscribed to Salford star, excellent article/ expose. I work in Supported Housing In another borough, housing homeless men. The system of corporate greed is staggering, and as you point out 'charitable' not-for-profit companies like to play the scandalous salary and perks game. I earn £16,000 after tax, and many co workers have taken real term cuts in their wages in the last 2 years.
 
Phil wrote
at 1:25:04 AM on Thursday, November 29, 2012
Same old same old but nothing changes im living off a War pension and aN Army disaabillity pension beacuse im out of work at the mo and these people are lording it up on the backs of thier cash strapped tennants cant write what i really feel . Phil
 
F.A. LYNCH wrote
at 1:24:16 AM on Thursday, November 29, 2012
FAT CATS DESERVE A GOOD LYNCHING
 
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