The firm’s annual report and financial statements for the year ended 31 January revealed overall directors’ remuneration was at £19m for the period, up from £14.2m the year before.
The highest paid director received £8.2m, compared with £5.6m the previous year. Directors include Michael Lindsell, Nick Train (pictured), Michael Lim, Jane Orr and non-executive director James Alexandroff.
This comes as fee revenue increased 38.7% from £60.9m last year to £84.5m for the period. Management fees brought in £76.3m compared with £56.3m in 2018, and performance fees increased to £8.1m, from £4.6m the year before.
The firm also reported that pre-tax profit climbed 46% to £55.6m for the year, up from £37.9m the previous year.
Investment performance and inflows saw funds under management rise 24% to £16.3bn. This is up from £13.2bn.
Overall, the wage and salaries bill for the firm grew to £24.2m, compared with £18.1m in 2018. The firm took on one employee during the year, taking the total to 18 with an average pay of £1.3m, up from £1.1m last year.
Total staff costs, including social security costs, came to £27.4m, up from £20.5m.
In a statement published with the accounts, the board said: “The directors are encouraged by the company’s long-term performance track record of funds managed, which should enhance the company’s ability to retain and grow the number of investment mandates and size of its assets under management.”