William Payne first established the company in 1725 when he opened a blacksmith’s in Broadwater village, near Worthing, West Sussex. In 1874 Frank Manwaring joined the business and the company expanded into the maintenance of steam traction engines. The company has continued to expand over the years, constantly adding to its portfolio of services and products, and keeping pace with technical advances and industry developments. Paine Manwaring ensure all employees receive training in any advances to keep their skills and knowledge up-to-date and exploit all forms of modern technology within the fields of plumbing, heating and electrical. The Service Department currently maintains over 6,500 private customers and holds long-term contracts with local authorities including, Worthing Borough Council and local property management agents. Our solid background and extensive experience with valued domestic and commercial customers mean you can be certain you are employing a professional and competent company that places your needs at the centre of all that it does.
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Worthing, GB
Size (employees)
23 (est)+10%
Paine Manwaring was founded in 1725 and is headquartered in Worthing, GB
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Paine Manwaring Office Locations

Paine Manwaring has an office in Worthing
Worthing, GB (HQ)
Dominion Way
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Paine Manwaring Financials and Metrics

Summary Metrics

Founding Date


Paine Manwaring Financials

Paine Manwaring's revenue was reported to be £16.20 m in FY, 2017 which is a 21% increase from the previous period.

Revenue (FY, 2017)

16.2 m

Revenue growth (FY, 2016 - FY, 2017), %


Gross profit (FY, 2017)

2.8 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

723.7 k

EBITDA (FY, 2017)

893.6 k

EBIT (FY, 2017)

883.5 k

Cash (31-Mar-2017)

1.3 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


6.1 m6.7 m7.1 m7.2 m11.1 m11.8 m13.4 m16.2 m

Revenue growth, %


Cost of goods sold

4.9 m5.5 m5.9 m6 m9.5 m9.7 m10.6 m13.4 m

Gross profit

1.2 m1.2 m1.2 m1.2 m1.6 m2.2 m2.8 m2.8 m
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

75.1 k39.1 k162.7 k77.1 k105 k489 k592.1 k723.7 k

Cash From Operating Activities

93.1 k(98.7 k)540.5 k

Dividends Paid

50 k100 k100 k50 k300 k324.3 k

Cash From Financing Activities

(294 )
GBPY, 2017


995 k

Financial Leverage

2.8 x
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