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Boss paid himself £13m for Covid PPE that went unused


pellinore
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A businessman whose company made a £70 million profit on a contract for PPE that was mostly unused has paid himself £13 million — and celebrated his birthday last week by eating a “briefcase of cash” cake on a private yacht.

Philip Johnson is the majority owner and chief executive of Ramfoam, a West Midlands firm which, prior to the pandemic, specialised in foam products such as jewellery display pads, archery targets and sleeping mats. In April 2020, during the first lockdown, the company developed a PPE visor. The following month, it was awarded a £149 million contract by the Department of Health and Social Care (DHSC). Ministers did not put the contract out to competitive tender, invoking emergency procurement rules. However, the vast majority of the PPE Ramfoam supplied was never used.

Boss paid himself £13m for Covid PPE that went unused | News | The Sunday Times (archive.ph)

Edited by pellinore
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