Nottingham based Games Workshop to hand out £20 million to staff after profits grow

The Nottinghamshire company that makes Warhammer is handing out around £20 million to its staff, after it grew sales and profits over the past year.

Games Workshop, which is based in Nottingham, said it will make the cash payments, as a share of its profits, “on an equal basis to each member of staff”.

It says it is in recognition of employees' contributions to its strong performance over the last financial year - and is an improved payout on the £18 million it awarded staff last year, and £11 million the prior year.

Games Workshop does not disclose how many staff it employs, but it is thought to have some 1,500 people working at its Nottingham base and more globally.

The company ran more than five hundred stores at the end of the last financial year, selling Warhammer products that customers can collect, paint, and play games with.

Games Workshop said it expects revenues for the latest financial year to be at least £560 million, up from £495 million the year before.

Pre-tax profits for the year are estimated to be at least £255 million, up from £203 million last year.

The company joined the ranks of the FTSE 100 index last year, just under 50 years after founders Ian Livingstone, Steve Jackson and John Peake set up the company in in 1975.

In December, Games Workshop struck a deal with Amazon to allow it to adapt the Warhammer product for film and television.

As well as making miniatures, the company also has licensing agreements with partners who make video games based around the fantasy sci-fi universe.

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