Updates

Ultimate Products

March 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

FY26 is proving a defining year of transition for Ultimate Products, the homewares group behind heritage brands like Salter (dating back to 1760) and Beldray (from 1872). Last year’s heavy-lifting phase of realignment of the sales team and marketing functions was all about ditching the old distributor mindset in favour of a proper brand-led consumer goods model. H1 revenues came in at £74.5m, down 6%. But the drop stemmed almost entirely from a deliberate 68% collapse in non-core, third-party clearance sales. Strip that out and the proprietary brands (Salter, Beldray and the rest) delivered a solid 5% rise to £65.8m with strong showings in the European discount channel, which more than offset softer demand in the UK. The ...

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UP Global Sourcing - Shares rocket after results (December 2022)

UP Global Sourcing (September 2022)

UP Global Sourcing - Salter acquisition helps take margins to new record (May 2022)

UP Global Sourcing (July 2021)

UP Global Sourcing - Record operating margins hit in H1 (June 2021)

UP Global Sourcing (March 2021)

UP Global Sourcing (December 2020)

UP Global Sourcing - Forecasts upgraded again (August 2020)

UP Global Sourcing (July 2020)

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UP Global Sourcing (December 2019)

UP Global Sourcing (October 2019)

UP Global Sourcing - Trading ahead of expectations (August 2019)

UP Global Sourcing (May 2019)

UP Global Sourcing - Third eps upgrade since November (March 2019)

UP Global Sourcing - New upgrade cycle (February 2019)

UP Global Sourcing - CEO in good cheer - does this indicate a resumption of home-related spending? (December 2018)

UP Global Sourcing (October 2018)

UP Global Sourcing (July 2018)

UP Global Sourcing - Germany trading ahead of expectations (June 2018)

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UP Global Sourcing (October 2017)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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