Troy Asset Management saw pre-tax profits grow 25% to £30.3m in the year to 30 April 2017, up from £22.7m the previous year, as its AUM jumped by 37% from £7bn to £9.6bn over the period, new figures published this week reveal.
According to accounts on Companies House, the firm's post-tax profits grew from £18m to £24.2m over the course of the year, as its cash reserves rose to £38.7m from £17.6m a year earlier.
The profit growth enabled the firm to pay an interim dividend of 56.8p per ordinary share, up from 43.5p the year before, and a final dividend of 92.2p per share, up from 65.2p. The total dividend paid to shareholders grew from 108.7p to 149p, which is expected to be paid out by 30 April 2018.
An additional £122,000 was paid out to directors in interests on their ordinary shares, up to £4.1m from just under £4m in the previous year.
The increase accounted for two new board members - James Findlay, CEO of Findlay Park, and Simon Robertson - who were each paid £15,000.
At just over £1.8m, the lion's share was paid to founder and CIO Sebastian Lyon (pictured), who manages the Trojan and Trojan Feeder funds and is investment adviser to the Personal Assets trust.
Just under £1.4m was paid to investment director Francis Brooke, who manages the Trojan Income and Income Feeder funds, and is co-manager of the Troy Income and Growth trust.
Meanwhile, non-executive director Simon de Zoete was paid £574,611 and chairman Jan Pethink was paid £212,000.
The firm's charitable donations also increased in 2017 to £150,000, up from £131,500 in the previous year.
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