HMG Paints, the UK’s leading independent paint manufacturer, has recently strengthened its commitment to its long-standing family business values by becoming a proud signatory of the Family Business Pledge, joining a growing community of family firms committed to responsible, values-led business.
As a fourth-generation family business with a strong commitment to the values celebrated by Family Business United, Manchester-based HMG Paints have formally signed the Family Business Pledge, a landmark commitment championed by Family Business United that recognises and celebrates the values at the heart of family enterprise.
The Pledge sets out seven core principles spanning stewardship, people, community, governance, sustainability, heritage and knowledge-sharing. By signing this pledge, HMG Paints has publicly affirmed what has always guided the approach to their business: that long-term thinking, integrity and genuine care for people are not a compromise on commercial success but the very foundation of it.
HMG Paints are a family-owned paint manufacturer founded in 1930, who are headquartered in Manchester. For more than 95 years, the company has developed and manufactured high-performance coatings for a wide range of industries, including automotive, aerospace, rail, wood finishes, industrial manufacturing, and decorative applications. Today, HMG currently employ over 200 people and continues to invest in innovation, sustainability, and employee development while remaining true to its long-standing family values.
The business was founded in 1930 and is currently led by John Falder, Chairman and grandson of co-founder Herbert Falder, representing the third generation of family leadership, alongside other members of the Falder family such as Jonathan Falder and Rebecca Bristow, who continue to play an active role across the business. With several family members involved in the company, HMG continues to uphold its core values of being decent, worthwhile, and secure, which have guided the business for generations.
We’re proud to be supports of the Family Business Pledge, the 7 tenets reflect strongly the values of HMG Paints. Since 1930 we have prioritised being a people focused business which develops our staff both personally and professionally. The values of the business established by our founders, (Decent, Worthwhile and Secure) are still the pillars on which the business operates on a daily bases, we’re exceptionally proud to be a UK family business and look forward to many more decades of innovation.”
The Seven Principles of the Family Business Pledge
By signing the Pledge, HMG Paints has committed to the following principles:
Stewardship over short-termism: Making decisions with the next generation in mind, prioritising long-term health over short-term profit.
People before profit: Fostering a people-first culture built on trust, respect and long-term relationships where employees are valued as individuals.
Rooted in our community: Actively investing in the communities where the business operates, recognising that its success is inseparable from the wellbeing of those around it.
Governance with integrity: Upholding transparent, ethical governance and welcoming accountability at every level.
Sustainability for future generations: Taking environmental responsibilities seriously, knowing that the world left behind matters as much as the business.
Preserving the founder’s spirit: Honouring the values, purpose and entrepreneurial drive on which the business was founded through every transition and generation.
Sharing knowledge, lifting others: Sharing experience and expertise with other family businesses and mentoring the next wave of family entrepreneurs.
“We created the Family Business Pledge as a way to further bring family businesses together as a collective voice, to demonstrate their commitment to doing business the right way and the seven core principles reflect the very essence of what family businesses are all about. This is our latest campaign to celebrate the significant contribution family firms make to economies the world over via the jobs they provide, wealth they create and income they generate, not forgetting the impact they have on the communities in which they operate. The Family Business Pledge brings together the principles by which they do business, and we are proud to run this campaign and see so many family businesses get behind it.”
– Paul Andrews, Founder & CEO, Family Business United
About Family Business United
Family Business United is a globally recognised organisation championing family businesses of every size and sector. Through research, advocacy, events and resources, Family Business United supports family firms to grow, evolve and thrive across generations. The Family Business Pledge was created to enable family businesses to stand together, affirm their shared values and demonstrate that doing business the right way and doing business successfully are one and the same.
Find our more at www.familybusinessunited.com