Profits from a five-year ShareSave scheme at Travis Perkins plc will see more than 7,000 employees share in its £17m maturity.
Shares in the company have risen by 50% over the past 12 months, meaning that employees who have been members of the 'Save as you Earn' scheme since 2008 could see profits in the region of £50,000 if the share price remains at its current level.

The builders merchant and home improvement company owns a range of businesses, including Travis Perkins, Wickes, ToolStation, Tile Giant and Keyline, and staff across the group can opt to be part of the scheme, which was originally launched in 2002. It offers a three- or five-year savings option for its employees.

Group hr director Carol Kavanagh said the scheme is a great way for the employees to share in the Group's success by being rewarded for their contribution. "Our employees are vital to the success of each business in the Group. Employees who've contributed £250 a month into our 2008 five-year scheme now have a total investment worth over £62,000 (at today's share price), which is a great way to save for the future and certainly delivers a very nice windfall for those who've invested in the scheme."

Charlie Timms, a yard supervisor at Travis Perkins Corby, has made a profit of just under £50,000 with ShareSave. He said: "It's just a fantastic way of saving because you know the money you invest is looked after; you're guaranteed to get back what you put in, and hopefully a bit more, so you know it won't end in disappointment. I've worked for Travis Perkins for 37 years, and I'd recommend the scheme to anyone in the Group."

B&Q and Screwfix parent company Kingfisher announced similar news last week; its employees (mostly across the B&Q business) shared in a £9.7m windfall from a very similar ShareSave scheme after being part of its three- or five-year plan. Store and head office-based colleagues received between £181 and £41,011 each.