Uclan paid Malcolm McVicar £63K in final month

Accounts reveal remuneration for chief executive, alongside further £1.2m loss on Cyprus campus

March 17, 2016
Pile of British currency notes (pounds)

The University of Central Lancashire awarded its former chief executive Malcolm McVicar £40,000 in salary and £23,000 in performance-related pay in his final month in post, and lost another £1.2 million on its Cyprus campus last year.

Dr McVicar’s £63,000 package is listed under August 2014 in the university’s 2014-15 accounts.

A Uclan spokesman said the performance-related pay was “based on the effectiveness of his performance in the year 2013-14”. The spokesman said the £40,000 stated as salary “comprises one month’s salary at just under £21,000 and an additional £19,075 paid for consultancy services across the other 11 months of the financial year”.

Uclan’s annual report and financial statements also reveal that its latest annual loss on its Cyprus campus built in the island’s UN buffer zone, one of the overseas projects championed by Dr McVicar, came to £1.2 million in 2014-15.

That followed losses of £1.4 million and £1.7 million in the previous two years.

Additionally for 2014-15, there was an “exceptional charge” of £1.5 million relating to the overseas campuses. Uclan’s spokesman said this was a “prudent approach…relating primarily to the write-down of the value of land held in Cyprus”.

The post of chief executive, beneath which was a vice-chancellor, “is likely to be disestablished and the key elements of the role will be undertaken by the vice-chancellor”, the annual report says.

And Uclan’s international strategy has “changed away from the development of comprehensive overseas campuses”, the report says.

Plans for a Thailand campus were abandoned before building started, but the university wrote down £3.2 million in previous separate accounts after a dispute with the joint venture partner, a Thai businessman.

Dr McVicar was vice-chancellor of Uclan between 1998 and 2013, before becoming chief executive as the institution adopted a new “group structure”.

After Dr McVicar’s retirement, Richard Hext took over as chief executive on 1 September 2014, arriving from a career in shipping, and was paid a salary of £229,000 in 2014-15. He stepped down on 30 September 2015.

Gerry Kelleher, who had served as vice-chancellor under the chief executive, stepped down in March 2015.

Mike Thomas, an ex-submariner and pro vice-chancellor at the University of Chester, is now leading Uclan as vice-chancellor.

Uclan’s spokesman said its accounts “show an institution in a very strong financial position, having successfully increased its operating surplus for the year to £11 million, and with cash balances increased to £109 million”.

He continued on the Cyprus loss: “Whilst this performance is slightly disappointing, it is broadly in line with projected financial performance that would see the campus become operationally profitable in 2018-19.”

He added: “Dr McVicar is no longer an employee or consultant to the university.”


You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Featured Jobs

Most Commented

Monster behind man at desk

Despite all that’s been done to improve doctoral study, horror stories keep coming. Here three students relate PhD nightmares while two academics advise on how to ensure a successful supervision

Sir Christopher Snowden, former Universities UK president, attacks ratings in wake of Southampton’s bronze award

opinion illustration

Eliminating cheating services, even if it were possible, would do nothing to address students’ and universities’ lack of interest in learning, says Stuart Macdonald

Female professor

New data show proportion of professors who are women has declined at some institutions

celebrate, cheer, tef results

Emilie Murphy calls on those who challenged the teaching excellence framework methodology in the past to stop sharing their university ratings with pride