Gender Pay Report 2023

Within our group there are 3 main trading businesses: MC Group Ltd, MC Rental Ltd & MC Truck & Bus Ltd.

Of these only MC Truck & Bus has more than 250 employees and its Gender Pay Report is set out below, although we have included the overall group information for reference.

MC Truck & Bus Limited

Gender Pay

We welcome the government’s decision for companies to publish their Gender pay gaps and see this as a step towards removing all pay inequality in the workplace.

However, it should be noted that the legislation is distinct from equal pay as it is not measuring the parity of pay for roles of the same level. Instead, it compares the average pay by gender of all roles regardless of level or type.

The commercial vehicle sector has traditionally been male dominated and at the calculation date the company’s workforce was 87% male employees and 13% female employees. The primary reason for this mix is that the entry point for many employees is through an HGV apprenticeship scheme. Most of our senior managers were HGV technicians early in their careers and it has been hard to recruit female HGV apprentices, though we have had some recent success.

The group’s mean & median pay gaps have remained fairly consistent with 2022 but have improved considerably when compared to 2019. The Company has analysed the report and is confident that the gap in pay is a product of the gender mix rather than any pay differential between males and females of a similar grade.

Gender Pay Gap Information

The data below has been prepared in accordance with the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.

                                                                            MC Truck & Bus         Overall Group
1. Gender Pay Gap

a. Mean Gender Pay Gap                                             25.6%                    -6.7%
b. Median Gender Pay Gap                                          23.7%                     23.1%

2. Bonus Gender Pay Gap

a. Mean Bonus Gender Pay Gap                                  73.9%                    -39.1%
b. Median Bonus Gender Pay Gap                               7.2%                       16.2%

3. Proportion of male and female employees receiving bonuses
a. Male employees                                                       61.5%                         60.2%
b. Female employees                                                  38.9%                        38.7%

4. Male and female employees in each pay quartile

MC Truck & Bus

               Top 25%   50%-75%   25%-50%   Bottom 25%

Male         94.7%        92.9%       86.0%            73.2%

Female     5.3%          7.1%           14.0%            26.8%

Overall Group

                 Top 25%   50%-75%   25%-50%   Bottom 25%

Male           94.7%         92.9%      86.0%             73.2%

Female       14.9%          9.0%         17.9%              34.3%

Peter Booth BSc FCA
Financial Director
25th January 2024