Pi Specialist Finishing Limited
Registered name: PI SPECIALIST FINISHING LIMITED
Part of Parkway Group Holdings Ltd groupPi Specialist Finishing Limited made £326k revenue and a £181k loss in the year to 31 Dec 2025.
Pi Specialist Finishing Limited’s revenue fell 18% to £326k in the year to 31 Dec 2025, with a loss of £181k and 12 employees. The company is classified under “manufacture of other furniture” and is based in Altrincham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Altrincham, North West
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £95.8k | £691k | £395k | £326k |
| Cost of sales | £60.8k | £103k | £79k | £83.4k |
| Gross profit | £35k | £589k | £316k | £242k |
| Operating profit | −£41.3k | £69.2k | −£58.1k | −£181k |
| Profit before tax | −£41.4k | £68.8k | −£58.2k | −£181k |
| Profit after tax | −£41.4k | £64.9k | −£45.4k | −£181k |
| Profit (best available) | −£41.4k | £64.9k | −£45.4k | −£181k |
| Employees (average) | 7 | 6 | 7 | 12 |
| Ratios | ||||
| Profit margin | −43.3% | 9.4% | −11.5% | −55.6% |
| Gross margin | 36.5% | 85.1% | 80% | 74.4% |
| Revenue per employee | £13.7k | £115k | £56.4k | £27.1k |
| Profit per employee | −£5.9k | £10.8k | −£6.5k | −£15.1k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼17.5% |
| Headcount growth | — | — | — | ▲71.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £59.8k | £21.2k | £103k | £4.6k |
| Net assets | £43.6k | £109k | £63.1k | −£118k |
| Fixed assets | £1.8k | £14.7k | £21.5k | £15.8k |
| Current assets | £105k | £219k | £183k | £63.7k |
| Debtors | £15.9k | £136k | £18.7k | £3.3k |
| Deferred income | £1.3k | £31.1k | £73.3k | £50k |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −55.6%
- Profit ÷ revenue.
- Gross margin
- 74.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £27.1k
- Revenue ÷ average employees.
- Profit per employee
- −£15.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 15.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1%
- Money owed by customers. Low = customers pay quickly.
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
- ▼287%
- Now −£118k
- Cash at bank
- ▼96%
- Now £4.6k
- Headcount
- ▲71%
- Now 12
- Deferred income
- ▼32%
- Now £50k
- Fixed assets
- ▼27%
- Now £15.8k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Parkway Group Holdings Ltdultimate parent50–75%
- Pi Specialist Finishing Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Parkway Interiors LimitedRev. £5.6m · Profit £111k
- The London Furniture Company (Parkway) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£181k), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.