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Manufacturing

Paints supplier to Aardman Animations, Aston Martin and Jaguar has 'great confidence' in future growth

HMG Paints was founded 90 years ago

The Pirates! In An Adventure With Scientists

A 90-years-old Manchester paints supplier has "great confidence" in its future growth despite the impact of the Covid-19 pandemic.

HMG Paints, which has supplied Aardman Animations' film 'Pirates in an Adventure with Scientists' as well as to Aston Martin Racing and Jaguar, added that despite the on-going crisis, the company had achieved a "robust year".

The update has been included in newly filed documents to Companies House for its financial year to September 30, 2020, in which its turnover went from £20.9m to £19.7m and pre-tax profits remained static at £1.2m.

A statement signed off by the board said: "Despite the unprecedented backdrop of the Covid-19 pandemic, the financial year 2019/20 was a robust year for HMG Paints and represents out continued efforts in building a business which celebrated its 90th anniversary shortly after the financial year end.

"During this year of economic uncertainty and political instability, the company demonstrated its agility and adaptability in extending its product range and managing to secure several new contracts which have strengthened our customer base.

"We have also seen substantial growth in water-based, decorative paint sales.

"We have monitored and controlled costs throughout this challenging year and navigated through the pandemic with the help of the Government's Job Retention Scheme.