Manchester-based luxury paint company sees sales grow - but profits dip
A Manchester-based luxury paint and wallpaper maker has increased turnover past £40m and maintained profits above £5m in its latest accounts.
In the year to 31 October 2024, the Little Greene Paint Company Ltd increased turnover from £40.6m to £41.9m.
The company, which can trace its roots back to the 1770s, said it had experienced an increase in market activity of about 3.4 per cent for its products, normalising the market at the end of the pandemic. Turnover and gross margin were both said to be in line with expectation.
Pre-tax profit for the year came to £5.2m, down from £5.9m in the previous period.
In a business review, the Little Greene Paint Company said it continues to "invest strongly" in export markets with a view toward "long term growth and business stability".
The Little Greene Dye Works in Collyhurst Wood has records dating back to 1773, making it one of England's oldest industrial sites for manufacturing paints and dyes. Today, the business, whose environmentally friendly products are all manufactured in the UK, employs about 140 staff.
The family-run firm is headquartered in Manchester with its own factory in Snowdonia, North Wales. It is known for it’s eco-friendly stance and for it’s period colours and designs.