Bosses who make millions from contracts

MANSION ONE of the biggest players in the PFI market is Innisfree, a small finance company whose chief executive David Metter netted £9.1million in dividends last year.

The 65-year-old has a £5million mansion in London’s Little Venice district and is also reported to own a family home in France.

According to the Centre for Health and the Public Interest, Innisfree is one of just eight companies which own or have stakes in 92 per cent of all companies with NHS PFI contracts.

This means there is very little competition between the companies bidding for the work.

Another of the eight is John Laing, which reported a profit of £127.5m for 2017. Chief executive is Frenchman Oliver Brousse, who ran the first postprivatisation train company to be sacked by the Government for poor performance. He earned £1.6m last year. Other companies include Guernsey- based HICL, which made a £176.8m profit in 2016/17 and Aberdeen Asset Management, whose September 2016 accounts show a statutory profit before tax of £221.9m.

The highest paid directors at Aberdeen were chief executive Martin Gilbert, who took home £2.8m, and Hugh Young, who netted £2.6m.