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Simon Cowell made £3m from Maidmetal in 2011/2012

Rhian Jones
Simon Cowell

Simon Cowell made or was owed more than £3m in income as the sole director of his talent development company Maidmetal in the year to the end of March 2012.

The company paid him £896,935 in the 12 month period, according to a filing at Companies House published on Wednesday. A further £2.27m is owed to Cowell for "transactions" with him during the year.

The amount is down on the £1.13m The X Factor creator received in 2011.

The company also listed £945,000 for travel, security and entertaining costs "paid from personal funds" under "related party transactions".

Maidmetal's accounts reveal that Cowell is in line for almost £2.5m in future "pre-paid" salary payments, as part of a service contract he has with the company.

Source: Guardian

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Tags: Simon Cowell, Maidmetal

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