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.
- Status
- Active
- Location
- Coleraine, Northern Ireland
- Age
- 20 yrs · since 2006
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| 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 |
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.
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
Group structure
Subsidiaries (1)
- Smyth Steel LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
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.