Make your money go further for just 25p per day

Patisserie Holdings – LTIP revelations reflective of broader malaise affecting UK small caps

25/10/2018 · Patisserie Holdings PLC (CAKE)  · Restore PLC (RST)  · YouGov PLC (YOU) 

Patisserie Holdings – LTIP revelations reflective of broader malaise affecting UK small caps
The latest news from the beleaguered cake and coffee group, that they failed to appropriately disclose option awards, is indicative of a disease that pervades UK small caps – a casual attitude to share based payment rewards for senior managers. It needs to stop!

The failure to properly disclose in its statutory financial statements, the grant of options relating to 2015 and 2016, is seemingly yet another indication of slack corporate governance at Patisserie Holdings. We are also staggered this wasn’t picked up by the auditors as part of their routine work.

However, this is a mere glimpse of the numerous issues that pervade many UK small caps, where remuneration awards granted to senior management are often totally out…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Patisserie Holdings PLC

Non-executive directors: a lesson in governance

12/08/2019 · Podcasts

As you will hear in this interview, Chris Boxall, from our associates at Fundamental Asset Management,…


Directors come out on top in Patisserie Valerie’s rescue deal

14/02/2019 · Company Insights
New chief executive Stephen Francis could do very nicely after buying a chunk of the company…

More on Restore PLC

Fantastic results from AIM

22/11/2022 · Company Insights

News from AIM covered here include fantastic results from two fast-growing AIM companies, one of which…


Marlowe: fudging the numbers?

20/01/2022 · Company Insights

Yet another acquisition from the acquisition machine, but surely any numpty could deliver earnings accretive deals…


More on YouGov PLC

Great results, but the market couldn’t care less!

12/10/2022 · Company Insights

Results and updates from AIM covered here were generally positive, although you wouldn’t believe it from…


Big upgrade for our Stonking Small Cap

12/10/2021 · Company Insights

Previous broker forecasts for one of earlier Stonking Small Cap ideas were, as anticipated, woefully…


More Company Insights

Bonkers Bargains: positive update and still amazing value

26/01/2023 · Time Finance

Stonking Small Caps: positive update

26/01/2023 · dotDigital Group PLC

Sign-up to our free email updates

SIGN UP