Simon Cowell didn't pay himself wages from company as profits fell by almost £30m
Simon Cowell did not pay himself any wages at the end of 2020 after his company lost profits of almost £30million, it has emerged.The 61 year old's former entertainment company SimCo Ltd, from which he stepped down from in September, reported profits of £5.8million between October 2019 and March 2020.This is down almost £30million from the six months beforehand, when the company behind Britain's Got Talent and The X Factor made £34.6million. Paperwork filed at Companies House for the music mogul's company shows that neither Simon nor SimCo's new directors William Rowe and Michael Smith pocketed from it's tough year.