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Evening Standard
Evening Standard
Business
Joanna Bourke

Fever-Tree boss sees annual income soar to £4m

Fever-tree press image

Fever-Tree boss Tim Warrillow saw the amount he took home more than quadruple to £4 million last year, following remarkable growth by the tonic waters maker.

The 44-year-old saw his annual income increase from £844,000 a year earlier. The 2018 figure, which includes salary and bonus, was boosted by the first payment from a three-year long-term incentive plan. In previous years no LTIP awards were included in remuneration.

Fever-Tree’s annual report also showed that finance chief Andrew Branchflower's total package rose to £1.9 million from £540,000.

Branchflower and Warrillow’s basic salaries rose 5% this year respectively to £248,100 and £385,900.

Fever-Tree has benefited from a British gin boom which has triggered more demand for premium mixers.

The AIM-listed firm saw group revenue rise 40% last year to £237.4 million. Pre-tax profits increased to £75.6 million from £56.4 million.

Fever-Tree floated at 134p a share in November 2014. Today the shares were down 29p to 3088p.

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