Warpaint London Completes £1.4 Million Acquisition of Barry M Brand

Warpaint snaps up the Barry M brand for £1.4 million – here’s what’s in the deal

Warpaint London has completed the acquisition of the Barry M brand out of administration for £1.4 million in cash. The purchase includes the brand’s intellectual property (IP), stock and order book, but crucially excludes manufacturing capabilities and any liabilities.

This is an asset-only deal. In plain English: Warpaint is buying the name, the products sitting on shelves or in warehouses, and the pipeline of customer orders – but it is not taking on debts or the factory.

Key deal terms at a glance

Buyer	Warpaint London plc (AIM: W7L; OTCQX: WPNTF)
Asset acquired	Barry M brand (IP, stock, order book)
Excluded	Manufacturing capabilities and any liabilities
Transaction status	Completed
Consideration	£1.4 million (cash)
Process	Out of administration

What “out of administration” means for investors

Buying “out of administration” means the seller (or parts of it) was in an insolvency process. For buyers, it often means speed, attractive pricing, and fewer legacy headaches – because you can cherry-pick assets and leave liabilities behind.

The flip side is execution risk. You typically get limited warranties and need to stabilise operations quickly – particularly supply chains and customer relationships. Warpaint has secured the order book, which helps continuity, but it will still need to ensure manufacturing is lined up to fulfil it.

What exactly did Warpaint buy – and why it matters

Warpaint now owns the Barry M IP, so it controls the brand’s trademarks, product names, and related intangible rights. That is the heart of brand value. It also gets stock (finished goods or components) and an order book (confirmed customer orders). Those two provide near-term revenue visibility if they can be delivered.

What Warpaint did not buy is equally telling. There is no manufacturing capability with the deal, and no liabilities transfer across. That keeps the balance sheet clean and avoids legacy costs. It also means production needs to be organised – whether via existing suppliers, new partners, or other arrangements. The RNS does not disclose how this will be handled.

Strategic fit with Warpaint’s multi-brand model

Warpaint describes itself as a specialist supplier of colour cosmetics, with lead brands W7 and Technic. W7 is sold in the UK primarily to major retailers and internationally via distributors or retail chains. Technic is sold in the UK and continental Europe with a strong focus on the gifting market for high street retailers and supermarkets.

In February 2025, Warpaint added several health, beauty and personal care brands – Skin & Tan, Super Facialist, Dirty Works and Fish Soho – to complement its cosmetics portfolio. Today’s addition of Barry M increases the stable of brands under Warpaint’s roof. More brands can mean more reasons to speak to retailers, better use of shelf space, and opportunities for bundled gifting – the very lanes where Warpaint already operates.

Why the price and structure look attractive

• Low entry price: £1.4 million for IP, stock and an order book is a modest ticket for a recognised brand asset. The RNS does not provide any revenue or profit figures, but asset-only deals from administration are often priced conservatively.
• Clean perimeter: Excluding liabilities reduces the risk of legacy claims or costly surprises.
• Speed to cash generation: Stock and an order book can support near-term sell-through – provided manufacturing is secured and logistics run smoothly.

But execution will do the heavy lifting

• Manufacturing handover: With no manufacturing capabilities included, Warpaint must confirm production arrangements to meet the order book. No details are given.
• Supply continuity: Retailers and distributors will care most about consistent quality and on-time deliveries. Any gap risks lost shelf space.
• Brand positioning: The company has not outlined plans for product ranges, pricing, or marketing refresh. That will influence sell-through and margins.

What the RNS tells us – and what it doesn’t

Disclosed

• Completion of the acquisition of the Barry M brand.
• Assets acquired: IP, stock and order book.
• Exclusions: manufacturing capabilities and any liabilities.
• Consideration: £1.4 million in cash.
• Process: out of administration.

Not disclosed

• Any historic financials for Barry M (revenue, profit, margins).
• Integration plan or manufacturing partners.
• Impact on Warpaint’s guidance, earnings or margins.
• Working capital needs (to restock or market the brand).
• Any retained staff, transition services, or timing for product relaunches.
• How the acquisition is funded internally (e.g. cash on hand) beyond being a cash deal.

How this fits alongside W7, Technic and the 2025 additions

Warpaint already sells branded cosmetics under W7 and Technic, with established routes into UK retailers, European gifting channels and international distributors. The group also owns Man’stuff, Body Collection and Chit Chat, each aimed at different demographics. In 2025 it broadened into complementary health, beauty and personal care brands with Skin & Tan, Super Facialist, Dirty Works and Fish Soho.

Adding Barry M gives Warpaint another lever with buyers and distributors, which can help in negotiations and promotional planning. It also diversifies the brand portfolio further, which can smooth performance across seasons and retail channels. The exact positioning of Barry M within that line-up is not yet disclosed.

My take: a neat, low-risk bolt-on with near-term tasks to execute

On the facts provided, this looks like a disciplined bolt-on. Warpaint has acquired brand IP, inventory and an order book for £1.4 million while avoiding liabilities and fixed manufacturing assets. That combination can be powerful if the company acts quickly to secure production and reassure retail partners.

The lack of disclosed financials means we cannot judge earnings accretion today. Still, the price point and clean structure tilt this deal positive in my view. The near-term proof will be continuity of supply, retailer support, and any early signals on brand performance in Warpaint’s channels.

What to watch next

• Manufacturing update: confirmation of production partners and timelines.
• Retailer communications: indications that existing orders will be fulfilled without disruption.
• Restocking and marketing: plans to rebuild inventory and refresh ranges, if any.
• Financial colour: any commentary at results on revenue contribution, gross margin and one-off costs.
• International distribution: whether Barry M is introduced to Warpaint’s distributor network.

Company snapshot: where Warpaint plays today

Warpaint London plc is a specialist supplier of colour cosmetics. W7 is sold in the UK primarily to major retailers and internationally to local distributors or retail chains. Technic is sold in the UK and continental Europe with a focus on the gifting market, principally for high street retailers and supermarkets.

In addition to W7 and Technic, Warpaint supplies cosmetics under Man’stuff, Body Collection and Chit Chat, and in February 2025 it acquired complementary health, beauty and personal care brands including Skin & Tan, Super Facialist, Dirty Works and Fish Soho.

Bottom line

Warpaint has picked up the Barry M brand out of administration for £1.4 million in cash, securing the IP, stock and customer orders while sidestepping liabilities and manufacturing assets. It is a tidy, low-cost way to add another brand to the portfolio. The opportunity now rests on execution: get manufacturing nailed down, ship the order book, and plug the brand into Warpaint’s retail and gifting channels. If they do, this could be a quietly value-adding move.