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

Firms report on full year 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...