Mr Williams can of course conduct affairs in his company as he wishes, as he has all the class A shares in his company - the only ones which have voting rights.
These do not make easy bedfellows with the class B shares. These are all owned by his wife, Amanda Williams, and do not have any voting rights. Amanda Williams is obviously not feeling the love as she was terminated as secretary in September 2016.
UKPC's annual accounts reveal the business employs 209 employees, and Mr Williams states on page 2 of the report that retention and training is of utmost importance. Mr Williams has devised schemes to motivate and incentivise his employees.
Wages and salaries came to £4,308,290, or an average of £20,613 per employee.
However, the employee breakdown is 149 operations 10 management, 40 administration. It appears from this recent advert that attendants (operations) get between £13,650 and £16,380.
Assuming they all get £9/hour, this leaves £1,867,670, or an average of around £37,000 for management and administration. Of course, this is only an average. Some employees may be getting a lot more from Rupert than others.
Mr Williams on the other hand, has awarded himself** £663,861 in dividends.
Not content with that, he has effectively paid himself another £690,821 by writing off loans of £639,538 to Pins and Stripes Ltd and advancing them another £51,283. Rupert owns all the shares in Pins and Stripes Ltd.
As Pins and Stripes are in liquidation, UKPC are unlikely to get any of that back.
Mr Williams also gets another £7k in salary.
So, the Prankster considers Mr Williams is shafting his employees, given that he is taking £1.4 million a year from the business, or around 100 times more than his operations staff get.
THE PAYMENT COLLECTOR LIMITED
UKPC MANAGEMENT LIMITED
UK PARKING CONTROLS LTD
BLACK LABEL CLOTHING LTD
SHOP APPI LTD
PINS & STRIPES LTD
LIKE FATHER LIKE SON LTD
PENROSE LIVING LIMITED
However, it is not all bad news. The business retains £362,848 assets so there is plenty of money to expand, hire new employees and improve the business. Perhaps Rupert could consider getting rid of paper permits in his residential car parks and moving into the 21century with electronic registration of resident and visitor cars.
So, is Mr Williams shafting his employees? Only his employees can really answer that, so if any UKPC employee is reading this and agrees or disagrees, they are of course free to email the Prankster at email@example.com and explain how they are feeling the love (or not), and remain motivated and incentivised. Perhaps they are all happy to be part of a vibrant, growing company with a lovely career path ahead of them, and enough capital retained in the business that there is not prospect of cutbacks or redundancies.
The Parking Prankster
**It is not clear how dividends were allocated between A and B shareholders, so The Prankster is not sure whether Amanda is getting any or not.