FUNDSMITH LLP

1. FUNDSMITH LLP 2010-04-23 → present
2. FUNSMITH LLP 2010-04-16 → 2010-04-23

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Members are of the opinion that the Group and the Firm have adequate resources to continue operational activities and to meet their liabilities as they fall due for a period of at least twelve months. from the date of the approval of the financial statements. Therefore, the going concern basis is adopted in the preparation of the financial statements.”

Group structure

1. FUNDSMITH LLP · parent
   1. Fundsmith Partners (US) LLC 100% · USA · co-General Partner to the US limited partnerships and provides research services to the Group and support for its US operations.
   2. Fundsmith Equity Fund (GP) LLC 100% · USA · co-General Partner to the US limited partnerships.
   3. Fundsmith Equity Fund, LP ('the US Fund') · USA · limited partnership
   4. Fundsmith Partners UK Limited 100%
   5. Fundsmith LLP Employee Benefit Trust · intermediate payment arrangement

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

4

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -3.5%

  £280,924,233 → £271,229,703

• Cash

  -15.6%

  £60,384,881 → £50,949,646

• Net assets

  +5.1%

  £20,301,635 → £21,345,976

• Employees

  +9.5%

  42 → 46

• Operating profit

  -15%

  £46,739,104 → £39,750,111

• Wages

  +0.3%

  £13,069,872 → £13,114,927

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers