UPGS jumped to a 52-week high after a strong H1 in the light of which brokers upgraded for the fourth time since November. Sales grew 36% to £65.8m with the business firing on all sides - International Retailers (sales +173%), Online (+85%), Discounters (+35%) and UK Supermarkets (+32%). ...Read more
One of the more remarkable rags-to-riches stories of 2019 is turning out to be UP (Ultimate Products) Global Sourcing, a relatively small company supplying a range of audio, cookware, floorcare, heating and cooling and luggage products under its owned brands.
If you ...Read more
The Buy note in December’s issue was well timed with the shares jumping for joy, nay euphoria, after Oldham-based UPGS issued a trading update that said the positive momentum it referenced in its full year results statement in November had continued with strong growth across each of its ...Read more
Businesses supplying homewares in Britain are being transformed by specialisation, as companies focus on what they do best - that is becoming brand owners and contracting out manufacturing to companies in China. UPGS is one of the leading specialists, designing and supplying kitchenware, small ...Read more
UPGS was one of those new issues to disappoint early on in PLC life but some green shoots are emerging in its update for the year to 31 July.
Revenues were down 20% to £87.6m with pretax profit down 44% to £5.5m, reflecting the tough trading environment in the UK for general ...Read more
Nice to see UPGS get its mojo back with the purchase of the intellectual property rights of Kleeneze, the cleaning, laundry and homewares brand. It looks like it has probably paid next to nothing and in time UPGS will use the brand to launch a range of laundry and floorcare products for sale ...Read more
Schroders has waded into the market and mopped up the overhang in consumer goods firm, UPGS, taking its interest to 82m shares or 15%.
Their buying looks perfectly timed. UPGS reported its interims this month and as expected it was a subdued period. Sales declined 28.9% to £48.4m ...Read more
Retailers have generally been reporting muted sales and UPGS’ statement back in September had acted as an early warning sign of a tightening consumer environment, as retailer caution shows up months earlier in the form of fewer committed orders for UPGS. UPGS has reported that sales for H1 ...Read more
The shares were savaged by an unscheduled trading update. During the month I met managing director Andrew Gossage who notes that whilst the year to end July came in well ahead of market expectations, with sales up 39% to £110m, trading in the first few weeks of this year is proving ...Read more
I have recently been looking at Ultimate Products - or UP Global Sourcing to give it the legal name - which calls itself a “brands house of consumer goods for the home.” The company designs and supplies kitchenware, small electricals, luggage, audio and basically any other ...Read more