Microsoft’s UK tentacle, Microsoft Limited, has continued to generate impressive amounts of cash, according to the company’s latest accounts.
The figures for the year ended 30 June 2020 and filed at the UK’s Companies House in recent days showed an impressive increase in turnover from £2.8bn in 2019 to £4.032bn in 2020.
Gross profit also crested the £1bn mark (up from £876.8m in 2019), which translated to £212.9m profit before tax (up from £167.5m in 2019). The company also paid a bit more tax, sending £43.5m the way of Her Majesty’s Revenue and Customs (HMRC), compared to £34.6m the previous year.
CEO Clare Barclay was nominated last week to the Confederation of Business Industry board as a Non-Executive Director where she will “work alongside the Director General on strategic and financial matters” and presumably share some of the accounting wizardry at the company’s disposal.
