How much does HMG Paints Limited make?

HMG Paints Limited reported revenue of £27.7m and £1.8m profit in the year to 30 Sep 2025, according to its accounts filed at Companies House.

How many employees does HMG Paints Limited have?

HMG Paints Limited reported an average of 201 employees in the year to 30 Sep 2025.

Is HMG Paints Limited profitable?

Yes — HMG Paints Limited reported a profit of £1.8m in the year to 30 Sep 2025.

Company No. 00669551 · Incorporated 8 Sep 1960

HMG Paints Limited

Registered name: HMG PAINTS LIMITED

Part of H. Marcel Guest, Limited group

HMG Paints Limited made £27.7m revenue and £1.8m profit in the year to 30 Sep 2025.

HMG Paints Limited’s revenue grew 6% to £27.7m in the year to 30 Sep 2025, with £1.8m profit and 201 employees. The company is classified under “manufacture of paints, varnishes and similar coatings, mastics and sealants” and is based in Manchester; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 20301Manufacture of paints, varnishes and similar coatings, mastics and sealants

Status: Active
Location: Manchester, North West
Age: 66 yrs · since 1960
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Sep 2025

Key figures

Operating leverage

Revenue

£27.7m

Growth ▲5.7%

Profit

£1.8m

Growth ▲12.3%

Profit margin

6.5%

Gross 45.5%

Employees

201

Change ▲2.5%

Profit / employee

£9k

Revenue/employee £138k

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Sep 2022	30 Sep 2023	30 Sep 2024	30 Sep 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£24.7m	£25.3m	£26.2m	£27.7m
Cost of sales	£15.1m	£15.3m	£14.9m	£15.1m
Gross profit	£9.6m	£10m	£11.3m	£12.6m
Operating profit	£1.5m	£1.3m	£2m	£2.4m
Profit before tax	£1.4m	£1.3m	£2m	£2.4m
Profit after tax	£1.2m	£1.2m	£1.6m	£1.8m
Profit (best available)	£1.2m	£1.2m	£1.6m	£1.8m
Staff costs	£6.7m	£7m	£7.6m	£8.2m
Employees (average)	197	190	196	201
Ratios
Profit margin	4.9%	4.5%	6.1%	6.5%
Gross margin	38.8%	39.4%	43.2%	45.5%
Revenue per employee	£125k	£133k	£134k	£138k
Profit per employee	£6.1k	£6.1k	£8.2k	£9k
Growth (year on year)
Revenue growth	—	▲2.7%	▲3.7%	▲5.7%
Profit growth	—	▼4.4%	▲39.3%	▲12.3%
Headcount growth	—	▼3.5%	▲3.2%	▲2.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£1m	£2.7m	£3.1m	£3.5m
Net assets	£9.8m	£10.7m	£11.9m	£13.3m
Fixed assets	£3.4m	£3.2m	£3.8m	£4.5m
Current assets	£11.6m	£12.4m	£14m	£14.4m
Debtors	£4.1m	£4.3m	£4.6m	£4.4m
Deferred income	£591k	£433k	£685k	£778k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Mar 2025	FullAccounts · bulk data Mar 2026

Derived from the latest filing

How the business works

Profit margin: 6.5%; Profit ÷ revenue.
Gross margin: 45.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £138k; Revenue ÷ average employees.
Profit per employee: £9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 16.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 15.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲11%; Now £13.3m
Cash at bank: ▲11%; Now £3.5m
Headcount: ▲3%; Now 201
Deferred income: ▲13%; Now £778k
Fixed assets: ▲19%; Now £4.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

H. Marcel Guest, Limitedultimate parent75–100%
HMG Paints Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

Cadulac Chemicals LimitedFigures not disclosed
HMG Coatings (London) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Sep 2025 (profit £1.8m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.