2020 annual results round-up: Lindsell Train mulls future fund launches as pre-tax profits rise 4.8%

Firms report on full year 2020

clock • 28 min read
Rounding up all companies' finances for 2020
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Rounding up all companies' finances for 2020

As groups report on their progress last year, Investment Week looks at the trading updates for asset managers and investment platforms for the 12-month period ending 31 December 2020.

Lindsell Train Lindsell Train's annual overall profit to 31 January 2021 increased by 4.5% to £62.3m compared to the previous year, according to its latest company results, with pre-tax profits rising by 4.8% to £76.9m. The firm, which announced its results this morning, also achieved an uptick in fee revenue of 3.7% to £115.9m as its funds under management increased by 6.3% to £22.8bn. Some 94.3% of overall lfee revenue came from recurring fees. Elsewhere over the financial year, Lindsell Train bought back 45 of its shares from an employee shareholder, which were placed in a treasu...

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