The UK’s most profitable investment boutique continues to mint millions for its founding shareholders despite falling assets under management and pre-tax profits according to its latest report and accounts for the year to 31 October 2018 which have been deposited at Companies House.

Turnover amounted to £96.59 million, a £3.73 million or 4.01 percent increase on the £92.86 million recorded for the year to 31 October 2017.

But pre-tax profits fell marginally from the £88.05 million recorded for the previous year to £87.77 million. Post-tax profits increased marginally, however, from £70.93 million to £71.08 mill...