MIPA PAINTS LIMITED.
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Cash
£1.2m
+89.8% vs 2024
Net assets
£7.6m
+10.4% highest in 6 filed years
Employees
37
+2.8% highest in 6 filed years
Profit before tax
£990k
+19.5% vs 2024
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £11,967,991 | £11,256,979 | £11,384,012 | £11,727,224 | +3% | |
| Operating profit | — | — | £1,172,294 | £849,580 | £877,204 | £1,024,305 | +16.8% | |
| Profit before tax | — | — | £1,022,623 | £809,184 | £827,947 | £989,617 | +19.5% | |
| Net profit | — | — | £885,722 | £618,100 | £594,584 | £716,281 | +20.5% | |
| Cash | £1,326,648 | £1,546,707 | £1,249,429 | £663,813 | £608,589 | £1,155,244 | +89.8% | |
| Total assets less current liabilities | £5,878,042 | £8,501,755 | £8,771,824 | £8,305,414 | £8,593,142 | £8,939,331 | +4% | |
| Net assets | £3,834,374 | £4,757,787 | £5,643,509 | £6,261,609 | £6,856,193 | £7,572,474 | +10.4% | |
| Equity | — | £4,757,787 | £5,643,509 | £6,261,609 | £6,856,193 | £7,572,474 | +10.4% | |
| Average employees | 32 | 31 | 31 | 31 | 36 | 37 | +2.8% | |
| Wages | — | — | £1,172,522 | £1,298,170 | £1,395,758 | £1,472,226 | +5.5% | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 9.8% | 7.5% | 7.7% | 8.7% | |
| Net margin | — | — | 7.4% | 5.5% | 5.2% | 6.1% | |
| Return on capital employed | — | — | 13.4% | 10.2% | 10.2% | 11.5% | |
| Gearing (liabilities / total assets) | 51.0% | 53.0% | 47.7% | 37.8% | 36.3% | 30.3% | |
| Current ratio | — | — | — | 2.86x | 2.64x | 3.08x | |
| Interest cover | — | — | 7.83x | 21.03x | 17.81x | 28.84x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- MIPA PAINTS LIMITED. 1991-06-19 → present
- SUDWEST PAINTS LIMITED 1987-03-02 → 1991-06-19
- HYPERICUM LIMITED 1986-11-14 → 1987-03-02
- SUDWEST PAINTS LIMITED 1986-11-14 → 1987-03-02
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Auditor
- MMO Audit Services Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties”
Group structure
- MIPA PAINTS LIMITED. · parent
- Monofil Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| RUDD, Derrick | Secretary | 2022-06-16 | — | — |
| FRITZSCHE, Markus | Director | 2009-08-01 | Dec 1972 | German |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROADHEAD, Jennifer | Secretary | 1992-05-14 | 2012-07-04 |
| COLLINS, Adele | Secretary | 2017-07-01 | 2022-06-16 |
| FRITZSCHE, Berndt Luitpold Paul | Secretary | 1991-05-01 | 1992-05-14 |
| O'CONNELL, Earl Joseph Peter | Secretary | 2012-07-04 | 2017-05-16 |
| VON OLSZEWSKI, Wolf Dietrich | Secretary | — | 1991-05-01 |
| EVANS, Colin Edward | Director | — | 1992-01-31 |
| FRITZSCHE, Berndt Luitpold Paul | Director | 1991-05-01 | 2009-08-01 |
| FRITZSCHE, Markus | Director | 2000-03-01 | 2001-03-15 |
| SPULAK, Reinhard | Director | — | 1991-05-01 |
| THURSTON, Raymond Michael | Director | 1998-02-10 | 2005-05-20 |
| VON OLSZEWSKI, Wolf Dietrich | Director | — | 1991-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Klaus Fritzsche | Individual | Voting 25–50% (as firm) | 2016-04-06 | Active |
| Mr Markus Fritzsche | Individual | Voting 50–75% (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2025-12-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-12-02 | CH01 | officers | Change person director company with change date | |
| 2025-11-17 | CH01 | officers | Change person director company with change date | |
| 2025-09-17 | AA | accounts | Accounts with accounts type full | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type full | |
| 2024-02-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-06-26 | AA | accounts | Accounts with accounts type small | |
| 2023-03-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-11 | AA | accounts | Accounts with accounts type small | |
| 2022-06-16 | CH03 | officers | Change person secretary company with change date | |
| 2022-06-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-06-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-06-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-06-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-02-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-09-10 | AA | accounts | Accounts with accounts type small | |
| 2021-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.