Top 50 City firm Taylor Rose has cited a ‘miscalculation’ after being named on a government list of minimum wage underpayers.
The Fair Work Agency, part of the Department for Business and Trade, listed the firm among nearly 660 employers who it said had failed to pay staff the national minimum wage. In total, Taylor Rose was said to have failed to pay almost £9,000 to 63 employees.
The firm said today the discrepancy had been caused by an unintentional miscalculation involving salary pension contributions and car parking deductions at its former Peterborough office from 2021 to 2024.
Taylor Rose worked with HM Revenue & Customs to resolve the issue and completed all remedial action in June 2025, the firm said. All affected current and former employees received the amounts due through the May 2025 payroll process and the associated financial penalty was paid.
‘Taylor Rose takes its responsibilities as an employer seriously and remains committed to ensuring all colleagues are paid correctly and in accordance with employment legislation.’
The firm was reportedly the subject of a potential buyout from a private equity house earlier this year, before the investor pulled out. The firm’s pre-tax profit for 2024/25 was £9.8m, with revenue increasing by 27% to £124m.
