How much does Mipa Paints Limited. make?

Mipa Paints Limited. reported revenue of £11.7m and £716k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Mipa Paints Limited. have?

Mipa Paints Limited. reported an average of 37 employees in the year to 31 Dec 2025.

Is Mipa Paints Limited. profitable?

Yes — Mipa Paints Limited. reported a profit of £716k in the year to 31 Dec 2025.

Company No. 02074363 · Incorporated 14 Nov 1986

Mipa Paints Limited.

Registered name: MIPA PAINTS LIMITED.

Mipa Paints Limited. made £11.7m revenue and £716k profit in the year to 31 Dec 2025.

Mipa Paints Limited.’s revenue grew 3% to £11.7m in the year to 31 Dec 2025, with £716k profit and 37 employees. The company is classified under “manufacture of paints, varnishes and similar coatings, mastics and sealants” and is based in Havant; 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: Havant, South East
Age: 39 yrs · since 1986
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: “MIPA SE”

Latest accounts · year to 31 Dec 2025

Key figures

Operating leverageCash flow filed

Revenue

£11.7m

Growth ▲3%

Profit

£716k

Growth ▲20.5%

Profit margin

6.1%

Gross 32%

Employees

Change ▲2.8%

Profit / employee

£19.4k

Revenue/employee £317k

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	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£12m	£11.3m	£11.4m	£11.7m
Cost of sales	£8.1m	£8m	£7.7m	£8m
Gross profit	£3.9m	£3.2m	£3.6m	£3.8m
Operating profit	£1.2m	£850k	£877k	£1m
Profit before tax	£1m	£809k	£828k	£990k
Profit after tax	£886k	£618k	£595k	£716k
Profit (best available)	£886k	£618k	£595k	£716k
Staff costs	£1.4m	£1.5m	£1.6m	£1.7m
Employees (average)	31	31	36	37
Ratios
Profit margin	7.4%	5.5%	5.2%	6.1%
Gross margin	32.6%	28.6%	32%	32%
Revenue per employee	£386k	£363k	£316k	£317k
Profit per employee	£28.6k	£19.9k	£16.5k	£19.4k
Cash conversion	88.4%	129.2%	113.5%	143.2%
Growth (year on year)
Revenue growth	—	▼5.9%	▲1.1%	▲3%
Profit growth	—	▼30.2%	▼3.8%	▲20.5%
Headcount growth	—	0%	▲16.1%	▲2.8%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£664k	£609k	£1.2m
Net assets	£5.6m	£6.3m	£6.9m	£7.6m
Fixed assets	£5.2m	£5m	£5m	£4.9m
Current assets	£5.6m	£5m	£5.7m	£5.9m
Debtors	£2m	£1.6m	£1.6m	£1.7m
Cash from operations	£1m	£1.1m	£996k	£1.5m
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: 6.1%; Profit ÷ revenue.
Gross margin: 32%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £317k; Revenue ÷ average employees.
Profit per employee: £19.4k; Profit ÷ average employees.
Cash conversion: 143.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 42.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 14.3%; 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: ▲10%; Now £7.6m
Cash at bank: ▲90%; Now £1.2m
Headcount: ▲3%; Now 37
Deferred income: —; Now —
Fixed assets: ▼2%; Now £4.9m

Corporate ownership

Group structure

Subsidiaries (1)

Monofil 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 31 Dec 2025 (profit £716k), from the Companies House accounts bulk data published Sep 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.