MIPA PAINTS LIMITED.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-25 (in 6mo)
Last made up 2025-11-11
Watchouts
None on the register
Cash
£609K
-8.3% vs 2023
Net assets
£7M
+9.5% highest in 4 filed years
Employees
36
+16.1% highest in 4 filed years
Profit before tax
£828K
+2.3% vs 2023
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
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,256,979 | £11,384,012 | |
| Operating profit | — | — | — | — | £849,580 | £877,204 | |
| Profit before tax | — | — | — | — | £809,184 | £827,947 | |
| Net profit | — | — | — | — | £618,100 | £594,584 | |
| Cash | £227,609 | £1,326,648 | — | — | £663,813 | £608,589 | |
| Total assets less current liabilities | £2,687,974 | £5,878,042 | — | — | £8,305,414 | £8,593,142 | |
| Net assets | £2,643,347 | £3,834,374 | — | — | £6,261,609 | £6,856,193 | |
| Equity | — | — | — | — | £6,261,609 | £6,856,193 | |
| Average employees | 27 | 32 | — | — | 31 | 36 | |
| Wages | — | — | — | — | £1,298,170 | £1,395,758 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 7.5% | 7.7% | |
| Net margin | — | — | — | — | 5.5% | 5.2% | |
| Return on capital employed | — | — | — | — | 10.2% | 10.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | 37.8% | 36.3% | |
| Current ratio | — | — | — | — | 2.86x | 2.64x | |
| Interest cover | — | — | — | — | 21.03x | 17.81x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MMO Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- MIPA PAINTS LIMITED. · parent
- Monofil Limited 100%
Significant events
- “The company has entered into a collaborative agreement with a leading academic institution. This is a medium term project engaging advances in technology.”
- “The company is exploring new market places to balance these risks, into the medium term.”
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-rights-25-to-50-percent-as-firm | 2016-04-06 | Active |
| Mr Markus Fritzsche | Individual | voting-rights-50-to-75-percent-as-firm | 2016-04-06 | Active |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2021-01-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
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.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+1.1%
£11,256,979 £11,384,012
-
Cash
-8.3%
£663,813 £608,589
-
Net assets
+9.5%
£6,261,609 £6,856,193
highest in 4 filed years
-
Employees
+16.1%
31 36
highest in 4 filed years
-
Operating profit
+3.3%
£849,580 £877,204
-
Profit before tax
+2.3%
£809,184 £827,947
-
Wages
+7.5%
£1,298,170 £1,395,758
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