Profits stalled at Terry Smith’s Fundsmith LLP for the year to 31 March 2022 despite buoyant growth in turnover.
The partnership recorded turnover of £358.14 million according to its latest accounts which have just been deposited at Companies House. This is a £78.88 million or 28.25 percent improvement on the £279.26 million posted for the previous year.
At £58.19 million, operating or pre-tax profits only increased by £467,589 on th...
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