Monday 29 April 2019 5:31 pm

Sir Martin Sorrell was paid £140,000 by S4 Capital in 2018

The executive chairman of S4 Capital – Sir Martin Sorrell – was paid £140,000 in 2018, a fraction of the £13.9m he was paid by WPP in 2017 before his shock exit.

An annual report from Sorrell’s new company shows he received £61,000 in salary, £61,000 in bonus and £18,000 in pension payments from his appointment as a director on 23 May 2018 to the year end.

Read more: Sir Martin Sorrell hits out at WPP board over abrupt exit

Sorrell was forced out of WPP in controversial circumstances last year after allegations of personal misconduct – which he denied.

He set up S4 Capital shortly after his exit and has since acquired digital producer Media Monks and media consultancy Mighty Hive.

Sorrell's annual salary at S4 Capital is £100,000.

At WPP he was one of the highest-paid chief executives in the UK, receiving £48m in 2016 and £70m in 2015.

S4 Capital's total revenue for 2018 was £54.8m and it made a loss before income tax of £9.1m.

Read more: S4 Capital revenues soar as it bags top clients

In the report Sorrell described it as “a powerful 2018” for the company with “proforma revenue and gross profit growth of 58 per cent and 49 per cent, and operational Ebitda margin above 20 per cent”.

He added: “This performance is planned to continue into 2019, with budgets and plans targeting strong revenue, gross profit growth and improving operational Ebitda margin and with January and February 2019 showing revenue and gross profit like-for-like growth of well over 30 per cent.”