UK: Transport still a delight for Lord Hanson.

UK: Transport still a delight for Lord Hanson. - No wonder Lord Hanson has repeatedly been voted Britain's most impressive industrialist. A MORI poll of his industrial peers saw him secure the title for the fourth successive year. And he finds time to ru

by
Last Updated: 31 Aug 2010

No wonder Lord Hanson has repeatedly been voted Britain's most impressive industrialist. A MORI poll of his industrial peers saw him secure the title for the fourth successive year. And he finds time to run the old family business, Hanson Transport. While much of the British haulage industry appears to be going bankrupt, Hanson Transport makes a profit. Its 1990 accounts show a 22% rise in turnover to £5.4 million, though pre-tax profits increased only 5% to £277,000. Chairman Lord H draws a salary of just £10,000 a year (compared to his £1million plus at Hanson plc). Sons John and Robert are both directors and the shares are held by the Guernsey-based Bridge Nominees Ltd and HG Nominees. Ownership of the two accounts is, of course, shrouded in the customary Channel Islands secrecy, though Robert Hanson gives the game away by admitting to a directorship of Bridge Nominees.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Upcoming Events

Subscribe

Get your essential reading delivered. Subscribe to Management Today