Spirax Group plc

LSE:SPX Stock Report

Market Cap: UK£5.1b

Spirax Group Management

Management criteria checks 3/4

Spirax Group's CEO is Nimesh Patel, appointed in Jan 2024, has a tenure of 1.75 years. total yearly compensation is £1.35M, comprised of 52.8% salary and 47.2% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth £1.74M. The average tenure of the management team and the board of directors is 4.8 years and 4.8 years respectively.

Key information

Nimesh Patel

Chief executive officer

UK£1.3m

Total compensation

CEO salary percentage52.78%
CEO tenure1.8yrs
CEO ownership0.03%
Management average tenure4.8yrs
Board average tenure4.8yrs

Recent management updates

Recent updates

Spirax Group (LON:SPX) Seems To Use Debt Quite Sensibly

Sep 29
Spirax Group (LON:SPX) Seems To Use Debt Quite Sensibly

What Does Spirax Group plc's (LON:SPX) Share Price Indicate?

Sep 13
What Does Spirax Group plc's (LON:SPX) Share Price Indicate?

Spirax Group's (LON:SPX) Dividend Will Be £0.489

Aug 29
Spirax Group's (LON:SPX) Dividend Will Be £0.489

Some May Be Optimistic About Spirax Group's (LON:SPX) Earnings

Aug 21
Some May Be Optimistic About Spirax Group's (LON:SPX) Earnings

Spirax Group's (LON:SPX) Dividend Will Be £0.489

Aug 15
Spirax Group's (LON:SPX) Dividend Will Be £0.489

A Look At The Fair Value Of Spirax Group plc (LON:SPX)

Aug 04
A Look At The Fair Value Of Spirax Group plc (LON:SPX)

The Returns At Spirax Group (LON:SPX) Aren't Growing

Jul 15
The Returns At Spirax Group (LON:SPX) Aren't Growing

Is Spirax Group (LON:SPX) Using Too Much Debt?

Jun 27
Is Spirax Group (LON:SPX) Using Too Much Debt?

What Is Spirax Group plc's (LON:SPX) Share Price Doing?

Jun 12
What Is Spirax Group plc's (LON:SPX) Share Price Doing?

Estimating The Intrinsic Value Of Spirax Group plc (LON:SPX)

Apr 25
Estimating The Intrinsic Value Of Spirax Group plc (LON:SPX)

Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

Apr 10
Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year
User avatar

Targeted Sales Initiatives And New Products Will Expand Reach In Decarbonization And Digital Solutions

Organizational restructuring and manufacturing site closures aim to fund investments, boost operational efficiency, and improve net margins in the medium term.

Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

Mar 14
Spirax Group (LON:SPX) Is Paying Out A Larger Dividend Than Last Year

We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

Mar 12
We Think Spirax Group (LON:SPX) Can Stay On Top Of Its Debt

Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Jan 09
Estimating The Fair Value Of Spirax Group plc (LON:SPX)

Earnings Not Telling The Story For Spirax Group plc (LON:SPX)

Dec 19
Earnings Not Telling The Story For Spirax Group plc (LON:SPX)

We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Nov 15
We Think Spirax Group (LON:SPX) Is Taking Some Risk With Its Debt

Spirax Group's (LON:SPX) Dividend Will Be £0.475

Oct 07
Spirax Group's (LON:SPX) Dividend Will Be £0.475

CEO Compensation Analysis

How has Nimesh Patel's remuneration changed compared to Spirax Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

UK£163m

Mar 31 2025n/an/a

UK£177m

Dec 31 2024UK£1mUK£711k

UK£191m

Sep 30 2024n/an/a

UK£192m

Jun 30 2024n/an/a

UK£192m

Mar 31 2024n/an/a

UK£188m

Dec 31 2023UK£795kUK£529k

UK£184m

Sep 30 2023n/an/a

UK£197m

Jun 30 2023n/an/a

UK£211m

Mar 31 2023n/an/a

UK£218m

Dec 31 2022UK£2mUK£503k

UK£225m

Sep 30 2022n/an/a

UK£224m

Jun 30 2022n/an/a

UK£223m

Mar 31 2022n/an/a

UK£229m

Dec 31 2021UK£3mUK£490k

UK£235m

Sep 30 2021n/an/a

UK£220m

Jun 30 2021n/an/a

UK£206m

Mar 31 2021n/an/a

UK£190m

Dec 31 2020UK£2mUK£209k

UK£174m

Compensation vs Market: Nimesh's total compensation ($USD1.82M) is below average for companies of similar size in the UK market ($USD4.25M).

Compensation vs Earnings: Nimesh's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Nimesh Patel (48 yo)

1.8yrs
Tenure
UK£1,347,000
Compensation

Mr. Nimesh Balvir Patel, B.sc., served as Chief Financial Officer of Spirax Group plc (formerly known as Spirax-Sarco Engineering plc) since September 11, 2020 until January 16, 2024 and serves as its Exec...

Leadership Team

NamePositionTenureCompensationOwnership
Nimesh Patel
Group CEO & Executive Director1.8yrsUK£1.35m0.034%
£ 1.7m
Louisa Burdett
CFO & Executive Director1.3yrsUK£725.29k0.00042%
£ 21.5k
Celine Arlette Barroche
Group General Counsel & Company Secretary1.1yrsno datano data
Jim Devine
Group Human Resources Director9.7yrsno datano data
Dan Harvey
Head of Internal Auditno datano datano data
Andrew Mines
Managing Director of Electric Thermal Solutions5.8yrsno datano data
Sarah Peers
Group Director of Sustainability5.3yrsno datano data
Maurizio Preziosa
Managing Director of Steam Thermal Solutions4.8yrsno datano data
Jennifer Forrester
Head of Employee Experienceno datano datano data
Darren Towers
Head of Inclusion4.8yrsno datano data
Stuart Roby
Managing Director of Watson-Marlow Fluid Technology Solutionsless than a yearno datano data
Charles Song
President & GM of Spirax Sarco Engineering(China) Ltdno datano datano data
4.8yrs
Average Tenure
52yo
Average Age

Experienced Management: SPX's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nimesh Patel
Group CEO & Executive Director5.1yrsUK£1.35m0.034%
£ 1.7m
Louisa Burdett
CFO & Executive Director1.3yrsUK£725.29k0.00042%
£ 21.5k
Richard Gillingwater
Senior Independent Director4.6yrsUK£90.00k0.00081%
£ 41.6k
Kevin Thompson
Independent Non-Executive Director6.4yrsUK£90.00k0.0066%
£ 341.1k
Jane Sarah Kingston
Independent Non-Executive Director9.1yrsUK£90.00k0.0086%
£ 443.2k
Peter France
Independent Non-Executive Director7.6yrsUK£70.00k0.0013%
£ 68.2k
Timothy Cobbold
Non-Executive Chair1.1yrsUK£23.00kno data
Constance Baroudel
Independent Non-Executive Director2.2yrsUK£70.00k0.00041%
£ 21.0k
Maria Antoniou
Independent Non-Executive Directorless than a yearno data0.00069%
£ 35.4k
Caroline Johnstone
Independent Non-Executive Director6.6yrsUK£90.00k0.0015%
£ 75.9k
Angela Archon
Independent Non-Executive Director4.8yrsUK£138.00k0.00069%
£ 35.4k
4.8yrs
Average Tenure
63yo
Average Age

Experienced Board: SPX's board of directors are considered experienced (4.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/02 17:32
End of Day Share Price 2025/10/02 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Spirax Group plc is covered by 35 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael BloggArbuthnot Securities Limited
David LarkamArden Partners Plc.
Jonathan HurnBarclays