Saga workers were given a Monday morning to remember after a slice of the proceeds from the £1.35 billion sale of the business came their way.

Roger De Haan, who owns the over-50s venture founded by his father Sidney in 1951, offered staff, including company pensioners, £1,000 for every year of service.

The goodwill gesture will cost the chairman about £15 million and could result in some workers netting as much as £25,000.

The new owners, private equity firm Charterhouse, have also set up an employee share scheme.