Hmg Paints Limited

HMG Paints Limited, based in Manchester, UK, is a sizable player in the UK paint manufacturing scene, having been active for 64 years. The company, founded in 1960, employs around 190 people and holds assets valued at £14.03 million. With a yearly revenue of £26.25 million, HMG Paints operates as a holding company and boasts a real address, managed by seven directors and one owner. A Google rating of 4.0 based on 34 reviews suggests a generally positive customer perception. The company regularly imports plastics and plastic products (91 months) and exports tanning and dyeing products (286 months), showcasing a diverse supply chain. They also have an e-commerce site.

HMG Paints' website highlights its position as the UK’s leading independent paint manufacturer, offering a broad range of products and services. They cater to various industries, including commercial vehicle, industrial, decorative, marine, arts and craft, automotive, rail, aerospace, wood finish, and classic car sectors. The website emphasizes bespoke product development, technical support, and customer service, with a focus on innovation and compliance. The site is currently undergoing maintenance, but still provides information on their heritage, key personnel, and accreditations.

Financially, HMG Paints demonstrates a healthy, albeit evolving, picture. Current assets have increased by 13% to £14 million, while net assets have jumped by 21% to £12 million. Bank borrowings have risen by 18% to £490,000, and cash reserves have increased by 14% to £3.1 million. Creditors have increased by 20% to £3.4 million. Turnover increased by 3.7% to £26 million. The company’s growth in assets and revenue suggests ongoing success, but the increase in creditors warrants monitoring. The company’s size (meeting two of three criteria for a large company) positions it for continued growth, but also exposes it to market fluctuations. The accounts are audited by Hurst Accountants Limited, providing a level of assurance. Overall, HMG Paints appears to be a financially stable and well-managed company with a strong market presence, though the rising debt levels should be watched closely.

Registered in England/Wales under the registration number 00669551, with a registered address at M40 7RU, Manchester, Riverside Works, Collyhurst Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.