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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
COMPANY INFORMATION
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
CONTENTS
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The principle activity of the company continues to be sales of solutions to the door and window market.
The challenges experienced by the construction market, both globally and locally, continued to be a major trading factor through the year. The window and door market follows the wider construction sector very closely and continued to operate in difficult market conditions throughout Europe and the UK, however, despite these ongoing challenges, there is a positive outlook for the future and MACO is well placed to take full advantage of both existing and new market opportunities.
With homeowner confidence remaining low, alongside a subdued new build demand, the overall volume of window and door production continues to be under pressure. Raw material costs largely stabilised through the year, leading to the decision by the Directors to remove the long standing surcharges placed in the market. Our professional and controlled purchasing strategies globally has allowed MACO to navigate this particular issue well. Whilst the global crises are ongoing in some areas the overall market has returned to a more defined constant position.
As easing of borrowing costs began to grow there are some positive signs of recovery, but decision to invest in repairs and maintenance remained slow.
Despite challenging market conditions, the commitment to new product development and investment in products for the future was well maintained. The existing product portfolio performed well with new updates and smaller development programs continuing to support the existing overall window and door solutions, as well as facilitating new opportunities with a broad but controlled product portfolio. This high performance in maintaining and further developing the portfolio continues to provide a solid, dependable and sustainable business model that continues to position the business well for future opportunities in the market. The clear vision on innovation and futureproofed product roadmaps, alongside planned developments and investments in new programs continued throughout the year. This approach enabled the business to continue to investigate and enter new sectors and broaden its position with previously untapped markets. This new market penetration was received well and provides the foundation for growth in the coming years. The solid foundation that MACO is built on positions it well to exploit every opportunity in the existing and in new markets, taking full account of the unpredictable economic factors that continue around us. The company’s commitment to its staff is a priority in all aspects of the business, with strong and consistent investment in their wellbeing and personal development, with training of employees achieving fully supported professional qualifications to the benefit of MACO and individuals. 2025 marked the beginning of a new leadership team from a MACO Group perspective. A new Group CEO joined MACO in March and with some initial changes and strengthening of the leadership team cemented the commitment to the global and the UK business. The future of MACO is well defined and clear for all staff and with increased focus areas, positions the company well for the future.
Therefore, with ongoing commitment to the market with customer oriented programs, and by bringing the latest MACO product updates and innovations directly to the market, these constant innovations, continued investment in the UK facility and warehousing specialities, investment in staff wellbeing and training, and developing industry solutions, along with a positive cash flow business model with no requirement for bank and loan facilities, allow a confident outlook by the directors for the future.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The market will continue to live with reduced volumes, and combined with albeit more stable global crises will continue to have an effect on the industry going forward. We have strived to identify the risks that the company faces and that we are, and will continue, to mitigate these risks by ensuring we act in a responsible manner for all concerned, thus being well positioned to extract the maximum opportunities from recovering market conditions as they happen.
Credit risk
The Company’s credit risk is attributable to trade debtors. The policy is to reduce the risk of losses arising from the failure of its customers, alongside close control to reduce exposure to bad debts. Currency risk With purchases being made from the Eurozone, the Company is exposed to currency risk. This is managed by the Company and its parent undertaking to ensure that it remains competitive in the UK market. Liquidity risk The Company operates profitably and has sufficient cash balances to manage liquidity risk and places no reliance on the parent company or any banking institutions to support cash flow facilities.
With continued difficult trading conditions, the company’s supply chain and internal European manufacturing continued to perform. Through careful management and planning, along with some key measures on less profitable product lines and routes to market, including changes to underperforming supply routes, MACO can continue to grow in a stable and sustainable way for the future. The directors believe that alongside the continued profitability and risk management, the company is well placed for the future needs.
Gross profit margin for the year was 28.26% (2024 - 26.71%). Operating profit margin for the year was 1.54% (2024 - 1.87%). EBIT for the year was £170,375 (2024 - £221,662).
This report was approved by the board and signed on its behalf.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £124,897 (2024 - £145,520).
The directors do not recommend the payment a dividend of £Nil (2024 - £1,300,000).
The directors who served during the year were:
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditor, MHA, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MACO DOOR & WINDOW HARDWARE (UK) LIMITED
We have audited the financial statements of Maco Door & Window Hardware (UK) Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MACO DOOR & WINDOW HARDWARE (UK) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MACO DOOR & WINDOW HARDWARE (UK) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiry of management around actual and potential litigation and claims;
∙Enquiry of management to identify instances of non-compliance with laws and regulations;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; and
∙Reviewing minutes of meetings of those charged with governance.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MACO DOOR & WINDOW HARDWARE (UK) LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Statutory Auditor
Maidstone MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
REGISTERED NUMBER: 02032782
BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 14 to 27 form part of these financial statements.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Maco Door & Window Hardware (UK) Limited is a private company, company registration number 02032782, limited by shares incorporated in England, United Kingdom. The address of the registered office is given in the company information page of these financial statements. The nature of the company's operations and principal activities are the selling of door locks and windows parts and related accessories to the wholesale market.
The financial statements are presented in pound sterling (£), the functional currency of the Company, and rounded to the nearest £1.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The directors of the Company have prepared the financial statements on the going concern basis as they consider that the Company will have sufficient funding to enable it to meet its obligations for a period of at least 12 months from the date of approval of these financial statements. The ultimate parent company has committed to provide financial support as is required to enable the Company to meet its financial obligations as they fall due for that same period. The directors have concluded that there is no material uncertainty and that it is appropriate to adopt the going concern basis in preparing these financial statements.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
No provision is made for faulty goods returned to the Company as the costs for these are fully reimbursed to the Company by the parent Company.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Depreciation The rates of depreciation, i.e. the useful expected lives of the assets concerned. Warranty provision No provision is made for faulty goods returned to the Company as the costs for these are fully reimbursed to the Company by the parent Company. Management applies judgment in assessing the value based on levels of returns in previous years and the costs associated with making good this commitment. Obsolesce of stocks Management reviews stock to assess if any provision for slow moving or obsolete stock is appropriate based on their knowledge and experience of the business and future customer orders.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Analysis of turnover by country of destination:
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The key management personnel of the company comprise of the directors and the senior management team. The total amount of employee benefits received by key management personnel for their services to the company was £442,456 (2024 - £423,750).
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
12.Taxation (continued)
There were no factors that may affect future tax charges.
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Profit and loss account
The Company operates a
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MACO DOOR & WINDOW HARDWARE (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
All of the Company's issued share capital is held by Mayer & Co Holding GmbH, a Company incorporated in Austria, which is controlled by E Mayer and his family interests. The Company has taken advantage of the exemption contained in FRS102 from disclosing transactions with entities which are part of the group. The group controls 100% of the voting rights of the Company.
The ultimate parent Company is Mayer & Co Holding GmbH by virtue of it's 100% holding in Mayer & Co. Beschlage GmbH. Their address is Alpenstraße 173, 5020 Salzburg, Austria.
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