How much does Paine Manwaring Limited make?

Paine Manwaring Limited reported revenue of £21.2m and £918k profit in the year to 31 Mar 2026, according to its accounts filed at Companies House.

How many employees does Paine Manwaring Limited have?

Paine Manwaring Limited reported an average of 105 employees in the year to 31 Mar 2026.

Is Paine Manwaring Limited profitable?

Yes — Paine Manwaring Limited reported a profit of £918k in the year to 31 Mar 2026.

Company No. 02739418 · Incorporated 14 Aug 1992

Paine Manwaring Limited

Registered name: PAINE MANWARING LIMITED

Paine Manwaring Limited made £21.2m revenue and £918k profit in the year to 31 Mar 2026.

Paine Manwaring Limited’s revenue fell 18% to £21.2m in the year to 31 Mar 2026, with £918k profit and 105 employees. The company is classified under “electrical installation” and is based in Worthing; we hold 5 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation SIC 43220Plumbing, heat and air-conditioning installation

Status: Active
Location: Worthing, South East
Age: 34 yrs · since 1992
Type: Private Limited Company

Latest accounts · year to 31 Mar 2026

Key figures

IndependentCapital-lightBoring industry

Revenue

£21.2m

Growth ▼17.6%

Profit

£918k

Growth ▼37.8%

Profit margin

4.3%

Gross 20.9%

Employees

105

Change ▼0.9%

Profit / employee

£8.7k

Revenue/employee £202k

Profitable streak

5yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Mar 2022	31 Mar 2023	31 Mar 2024	31 Mar 2025	31 Mar 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£16.8m	£15.3m	£19.3m	£25.7m	£21.2m
Cost of sales	£14.2m	£12.8m	£15.8m	£20.7m	£16.8m
Gross profit	£2.6m	£2.5m	£3.5m	£5m	£4.4m
Operating profit	£150k	£100k	£755k	£1.9m	£1.2m
Profit before tax	£151k	£103k	£782k	£2m	£1.2m
Profit after tax	£124k	£88.5k	£584k	£1.5m	£918k
Profit (best available)	£124k	£88.5k	£584k	£1.5m	£918k
Staff costs	£3.9m	£3.8m	£4.4m	£4.9m	£5.1m
Employees (average)	100	100	99	106	105
Ratios
Profit margin	0.7%	0.6%	3%	5.7%	4.3%
Gross margin	15.5%	16.6%	17.9%	19.6%	20.9%
Revenue per employee	£168k	£153k	£195k	£243k	£202k
Profit per employee	£1.2k	£885	£5.9k	£13.9k	£8.7k
Growth (year on year)
Revenue growth	—	▼9.2%	▲26.3%	▲33.3%	▼17.6%
Profit growth	—	▼28.5%	▲560.3%	▲152.3%	▼37.8%
Headcount growth	—	0%	▼1%	▲7.1%	▼0.9%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.4m	£1.4m	£2.4m	£3.3m	£2.3m
Net assets	£1.1m	£1.2m	£1.8m	£2.2m	£2.7m
Fixed assets	£31.2k	£59.7k	£59.3k	£96.8k	£89.8k
Current assets	£3.9m	£4.3m	£5.1m	£6.7m	£6.4m
Debtors	£1.1m	£429k	£712k	£846k	£1.5m
Deferred income	£97.9k	£48.7k	£175k	£269k	£284k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 4.3%; Profit ÷ revenue.
Gross margin: 20.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £202k; Revenue ÷ average employees.
Profit per employee: £8.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▲27%; Now £2.7m
Cash at bank: ▼29%; Now £2.3m
Headcount: ▼1%; Now 105
Deferred income: ▲6%; Now £284k
Fixed assets: ▼7%; Now £89.8k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2026 (profit £918k), from the Companies House accounts bulk data published Jul 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.