Category: JCB
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Lord Bamford’s £300m family windfall from JCB raises questions amid potential wealth tax
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Lord Bamford and his family have received a £300m windfall from their JCB business empire, after a strong year for the construction equipment manufacturer that saw profits rise 44% to £805m in 2023, according to latest accounts. This large dividend was approved by Bamford in late May, shortly after the…
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JCB boosts profits despite global market downturn
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JCB, the British heavy machinery manufacturer based in Staffordshire, has reported a significant rise in profits despite a global slowdown in the machinery sector. The company reported a 44% increase in pre-tax profits, to £806m last year, up from £558m in 2022. Revenues also saw an impressive 14% rise, to…