How much does Maine Surface Finishing Limited make?

Maine Surface Finishing Limited reported revenue of £22.9m and a loss of £576k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Maine Surface Finishing Limited have?

Maine Surface Finishing Limited reported an average of 197 employees in the year to 31 Dec 2025.

Is Maine Surface Finishing Limited profitable?

No — Maine Surface Finishing Limited reported a loss of £576k in the year to 31 Dec 2025.

Company No. NI060197 · Incorporated 19 Jul 2006

Maine Surface Finishing Limited

Registered name: MAINE SURFACE FINISHING LIMITED

Maine Surface Finishing Limited made £22.9m revenue and a £576k loss in the year to 31 Dec 2025.

Maine Surface Finishing Limited’s revenue fell 2% to £22.9m in the year to 31 Dec 2025, with a loss of £576k and 197 employees. The company is classified under “treatment and coating of metals” and is based in Coleraine; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25610Treatment and coating of metals

Status: Active
Location: Coleraine, Northern Ireland
Age: 20 yrs · since 2006
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

IndependentCash flow filed

Revenue

£22.9m

Growth ▼2.2%

Profit

−£576k

Growth —

Profit margin

−2.5%

Gross 24.7%

Employees

197

Change ▼4.4%

Profit / employee

−£2.9k

Revenue/employee £116k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£32.8m	£23.4m	£22.9m
Cost of sales	£24.5m	£17.6m	£17.2m
Gross profit	£8.3m	£5.8m	£5.7m
Operating profit	£3.1m	−£304k	−£577k
Profit before tax	£2.8m	−£586k	−£823k
Profit after tax	£1.6m	−£671k	−£576k
Profit (best available)	£1.6m	−£671k	−£576k
Staff costs	£8.6m	£7.8m	£8.1m
Employees (average)	243	206	197
Ratios
Profit margin	4.9%	−2.9%	−2.5%
Gross margin	25.2%	24.7%	24.7%
Revenue per employee	£135k	£113k	£116k
Profit per employee	£6.7k	−£3.3k	−£2.9k
Cash conversion	145.7%	—	—
Growth (year on year)
Revenue growth	—	▼28.7%	▼2.2%
Profit growth	—	▼141.5%	—
Headcount growth	—	▼15.2%	▼4.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.6m	£1.8m	£1.1m
Net assets	£9.2m	£9.1m	£8.3m
Fixed assets	£6.8m	£7.7m	£7.5m
Current assets	£10.7m	£8.4m	£7.7m
Debtors	£5.2m	£2.7m	£3m
Cash from operations	£4.5m	£1.3m	£536k
Source	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −2.5%; Profit ÷ revenue.
Gross margin: 24.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £116k; Revenue ÷ average employees.
Profit per employee: −£2.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 33%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.2%; 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: ▼8%; Now £8.3m
Cash at bank: ▼36%; Now £1.1m
Headcount: ▼4%; Now 197
Deferred income: —; Now —
Fixed assets: ▼2%; Now £7.5m

Corporate ownership

Group structure

Subsidiaries (1)

Smyth Steel 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 −£576k), 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.