Why 0
Within Orbit there are instances where director pay is £0.
Users sometimes question why this is, so we have developed a series of tooltips which provide greater clarity why we think the director remuneration for that year is £0. This shares with users the rationale we have used in estimating why a director is receiving no salary within that role.
Where director remuneration is £0, a tool tip has been created indicating why we estimate it as £0 due to one of the following reasons:
It is a not for profit organisation
Non earning role i.e. a company secretary or voluntary position
The company is dormant and as such has no ongoing income or operational expenses
No employees were reported so no one in the company is getting paid*
Total Director Remuneration is £0 so despite having employed directors they are not getting paid
Limited financial activity within the company indicates no significant income or expenses which then indicates directors are not getting a salary.
It is important to note that some foreign companies (i.e. those not registered / incorporated in the UK) do appear on our Orbit platform but given reporting differences / lack of transparent reporting director remuneration is often not reported / available to be estimated. Where this tool tip is shown you are encouraged to undertake further research to establish potential director income.
*Whilst not getting paid directly as a director, some named directors might be billing the company via their own service company / consultancy, thus not showing in financial accounts as a director salary!