How much does Paintwell Limited make?

Paintwell Limited reported revenue of £19.7m and a loss of £1.1m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Paintwell Limited have?

Paintwell Limited reported an average of 162 employees in the year to 31 Dec 2022.

Is Paintwell Limited profitable?

No — Paintwell Limited reported a loss of £1.1m in the year to 31 Dec 2022.

Company No. 00867825 · Incorporated 31 Dec 1965

Paintwell Limited

Registered name: PAINTWELL LIMITED

Part of Paintwell Holdings Limited group

Paintwell Limited made £19.7m revenue and a £1.1m loss in the year to 31 Dec 2022. read from filing text

Paintwell Limited’s revenue grew 8% to £19.7m in the year to 31 Dec 2022, with a loss of £1.1m and 162 employees. The company is classified under “retail sale of hardware, paints and glass in specialised stores” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47520Retail sale of hardware, paints and glass in specialised stores

Status: In Administration
Location: London, London
Age: 60 yrs · since 1965
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. From the filing: “Paintwell Holdings Limited”

Latest accounts · year to 31 Dec 2022

Key figures

Revenue

£19.7m

Growth ▲8.3%

Profit

−£1.1m

Growth ▼211.1%

Profit margin

−5.4%

Gross 35.8%

Employees

162

Change ▲21.8%

Profit / employee

−£6.5k

Revenue/employee £121k

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£18.2m	£19.7m
Cost of sales	£11.6m	£12.6m
Gross profit	£6.5m	£7m
Operating profit	£1.2m	−£940k
Profit before tax	£1.1m	−£1.5m
Profit after tax	£954k	−£1.1m
Profit (best available)	£954k	−£1.1m
Staff costs	£3.5m	£4.6m
Employees (average)	133	162
Ratios
Profit margin	5.3%	−5.4%
Gross margin	36%	35.8%
Revenue per employee	£137k	£121k
Profit per employee	£7.2k	−£6.5k
Growth (year on year)
Revenue growth	—	▲8.3%
Profit growth	—	▼211.1%
Headcount growth	—	▲21.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£614k	£504k
Net assets	£3.1m	£2m
Fixed assets	£709k	£18.9m
Current assets	£7.3m	£10.7m
Debtors	£1.4m	£1.8m
Deferred income	£145k	£698k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023

Derived from the latest filing

How the business works

Profit margin: −5.4%; Profit ÷ revenue.
Gross margin: 35.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £121k; Revenue ÷ average employees.
Profit per employee: −£6.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 96.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 9.4%; 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: ▼35%; Now £2m
Cash at bank: ▼18%; Now £504k
Headcount: ▲22%; Now 162
Deferred income: ▲381%; Now £698k
Fixed assets: ▲2571%; Now £18.9m

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

Paintwell Holdings Limitedultimate parent75–100%
Paintwell Limitedthis company

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

Subsidiaries (1)

Promain (UK) LimitedIn AdministrationFigures not disclosed

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit −£1.1m), from the Companies House accounts bulk data published Dec 2023. 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.