Fundsmith grows profits to £57m in 2021

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Fundsmith has reported profits for the year ended 31 March 2021 rose to £57.7m, up from £48.5m the previous year. In its group of companies' accounts posted on Companies House on 29 December 2021, Fundsmith reported that turnover climbed to £279.3m during the year, having reached £228.4m in 2020. The filing also revealed that of its nine members in the reporting period, the Fundsmith member with the largest entitlement received £35.7m in remuneration, compared to £29.7m in the previous year. Terry Smith, who has been chief executive of Fundsmith since he founded the firm in 2010, i...

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