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Woodford boutique enjoys £11.4 million profit

Star fund manager Neil Woodford’s new £12 billion investment house firmly in the black, maiden accounts show

Woodford boutique enjoys £11.4 million profit

The inaugural set of accounts for star fund manager Neil Woodford’s UK investment start-up show the firm generated a profit of £11.4 million in its first 11 months of trading.

Woodford Investment Management, which has enjoyed strong levels of investor interest since its launch, filed its first set of accounts at Companies House on October 18, coveringthe period from January 15, 2014 to March 31, 2015. The investment boutique began trading on May 1, 2014.

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