Paint by numbers: Conran paint company launches £5m mini-bond through crowdfunding

Nell Grecian
Masterpaintmakers dates back to 1892 but relaunched in 2014 with a collection for Conran (Source: Masterpaintmakers Ltd)

Master Paintmakers (MPL), the company behind design veteran Sir Terence Conran's eponymous paint brand, is to raise up to £5m using crowdfunding platform Karadoo.

The 124-year old paint maker has launched a mini-bond through the site, offering investors an annual dividend of six per cent over five years, as well as an online discount on its paints.

It will use the funds to help expand its range of handcrafted and environmentally friendly paints, and grow the business internationally.

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Sir Terence Conran said “MPL is the very best paint company I have ever come across and I chose them to make all of my beautiful colours because of the exacting standards they operate to with their high quality, water-based and environmentally friendly paint.”

“They share my values on creative design and have real passion for colour and how it can change lives".

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MPL was founded in Birmingham, producing specialist coatings and paints for the automotive and aerospace sectors, including London's red buses. In the 1980s, the company's paint was chosen to coat the first IBM domestic computers.

The business was relaunched in 2014 with Paint by Conran, and last month MPL signed a deal to start producing London's Victoria & Albert Museum's paint collection.