MANOR COATING SYSTEMS LIMITED

1. MANOR COATING SYSTEMS LIMITED 2005-04-19 → present
2. SHIPLEY PAINT LTD. 1988-09-19 → 2005-04-19
3. SHIPLEY PAINT AND VARNISH COMPANY LIMITED(THE) 1938-01-07 → 1988-09-19

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. MANOR COATING SYSTEMS LIMITED · parent
   1. John Hargreaves & Son (Bradford) Limited 100% · England and Wales · Dormant
   2. Paintfire Limited 100% · England and Wales · Dormant

Significant events

• “Turnover fell back £0.1m compared to the record prior year as a result of the strategic decision to exit some product markets and particularly the impact of Brexit resulting in the business exiting the Irish market. Sales volumes were similar to the prior year. Significant new business was won during the year which offset the losses.”
• “Significant compliance costs were incurred during the year. A Dangerous Substances and Explosive Atmospheres Regulation risk assessment was completed by an independent consulting engineer. Risk Assessments and training records were updated and modernised and third-party verification of safety critical assets increased.”
• “The Company continued in its product rationalisation program which it considers to be essential to drive efficiency, productivity and effectiveness. As part of this rationalisation some of the most hazardous materials used historically have now been removed from the business.”
• “The year saw a new Government elected in the UK and the USA, the continuation of the conflict in Ukraine and continuing rivalry between the US and China. The US Government and the EU commission have recently threatened and/or imposed trade tariffs which may lead to an era of increased protectionism. Growth in the UK economy remains elusive and demand for paint in the UK is flat. It appears unlikely that the UK manufacturing economy outside the defence sector, will grow strongly over the next two or three years. It appears many businesses are postponing investment awaiting on greater certainty about future demand, the availability of subsidies in some sectors and the impact of future political direction.”
• “The changes from April 2025 to employers National Insurance and the minimum wage will significantly impact the cost base in the business as will continued pressure from regulators and others.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.9%

  £12,328,844 → £12,222,519

• Cash

  -2.9%

  £921,353 → £895,005

• Net assets

  +9%

  £2,881,644 → £3,141,537

  highest in 4 filed years

• Employees

  -3.3%

  60 → 58

  lowest in 4 filed years

• Operating profit

  +38.3%

  £570,488 → £788,899

• Profit before tax

  +47%

  £523,457 → £769,407

• Wages

  +14.1%

  £1,866,767 → £2,129,176

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers