Fundsmith grows profits to £57m in 2021

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, is likely to be the member with the largest entitlement. The accounts showed that the firm took on more employees d...