Guy Hands, chairman of buyout firm Terra Firma, took a £3 million dividend last year and more than doubled staff wages at the firm, after turnover rose by 80% in the year ended March 31, 2013.

Hands reduced the dividend he took from the firm by £500,000 from £3.5 million in the previous year, according to accounts filed by Terra Firma Capital Partners with Companies House. Group salaries totaled £35.6 million in the year ending 31 March 2013, compared with £17.6 million the previous year.