It was business as normal during 2019 for Lindsell Train Limited, the London-based investment management company formed by the well-known Michael Lindsell and Nick Train, especially as far as private investors are concerned.

Revenues, profits and assets under management all increased substantially during a year that witnessed the demise of Neil Woodford, in the wake of the travails experienced by the LF Woodford Equity Income Fund (WEIF) and the Patient Capital Investment Trust.

Revenues came in at £111.9 million for the year to 31 January 2020, a £26.4 million or 30.8 percent increase on the previous year.

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