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Ultimate Products plc
(LSE:ULTP)
Ultimate Products plc (ULTP) vs. iShares MSCI United Kingdom ETF (EWC)
Ultimate Products plc Business Overview & Revenue Model
Ultimate Products plc Financial Statement Overview
| Breakdown | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 150.13M | 155.50M | 166.31M | 154.19M | 136.37M |
| Gross Profit | 32.70M | 38.26M | 40.51M | 36.29M | 28.65M |
| EBITDA | 11.90M | 17.88M | 19.47M | 18.35M | 11.62M |
| Net Income | 5.81M | 10.53M | 12.59M | 12.37M | 7.31M |
Balance Sheet | |||||
| Total Assets | 106.23M | 116.24M | 109.73M | 115.09M | 91.44M |
| Cash, Cash Equivalents and Short-Term Investments | 4.06M | 4.73M | 5.09M | 6.20M | 133.00K |
| Total Debt | 21.60M | 19.40M | 24.98M | 33.22M | 21.60M |
| Total Liabilities | 59.84M | 66.48M | 63.59M | 71.60M | 59.39M |
| Stockholders Equity | 46.40M | 49.76M | 46.14M | 43.49M | 32.05M |
Cash Flow | |||||
| Free Cash Flow | 5.44M | 12.88M | 18.25M | 1.84M | 6.25M |
| Operating Cash Flow | 5.77M | 14.18M | 19.25M | 3.68M | 8.63M |
| Investing Cash Flow | -466.00K | -1.30M | -1.99M | -3.80M | -32.95M |
| Financing Cash Flow | -5.98M | -13.26M | -18.38M | 6.19M | 24.13M |
Ultimate Products plc Technical Analysis
Ultimate Products plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £56.30M | 3.42 | 19.42% | 0.55% | 2.64% | 23.89% | |
68 Neutral | £40.64M | 8.53 | 12.08% | 11.65% | -3.45% | -44.02% | |
68 Neutral | £395.15M | 15.99 | 9.74% | ― | 4.38% | ― | |
64 Neutral | £37.94M | 7.91 | 8.31% | 7.98% | -3.45% | -35.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | £40.11M | 9.31 | -19.58% | 3.45% | -4.23% | -435.86% | |
48 Neutral | £13.30M | -1.63 | 0.16% | ― | -3.72% | ― |
Ultimate Products plc Corporate Events
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust has acquired 15,000 ordinary shares at 49.92 pence each, increasing the EBT’s holding to 3,089,014 shares, or about 3.6% of the company’s issued share capital. The EBT exists to hold shares for the benefit of employees and to satisfy awards under the company’s share incentive schemes, underscoring Ultimate Products’ continued use of equity-based remuneration to align staff interests with those of shareholders.
This latest purchase modestly increases the pool of shares available for employee incentives and may signal ongoing confidence in the group’s long-term strategy and brand portfolio. For investors and other stakeholders, the transaction highlights the company’s emphasis on employee engagement and retention through share ownership, which can support operational stability and help maintain its competitive position in the crowded homewares market.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust has purchased 15,000 ordinary shares at 53.55 pence each, increasing the trust’s holding to 3,074,014 shares, or about 3.6% of the company’s issued share capital. The EBT holds these shares to meet obligations under the Group’s share incentive schemes, underscoring the continued use of equity-based awards as part of its employee remuneration and retention strategy.
This latest share purchase slightly expands the pool of shares reserved for employees, signalling an ongoing commitment to aligning staff interests with those of shareholders. For investors, the move indicates a stable and structured approach to incentivising the workforce without announcing any change to overall capital structure or broader strategic direction.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust has acquired 15,000 ordinary shares at 53.47p each, lifting the trust’s holding to 3,059,014 shares, or about 3.5% of the company’s issued share capital. The EBT is used to hold shares for employees and to satisfy awards under the company’s share incentive schemes, underscoring the Group’s continued emphasis on equity-based remuneration and alignment of staff interests with those of shareholders.
The additional purchase marginally increases the pool of shares available for future vesting events, which may support the company’s talent retention and recruitment efforts amid a competitive consumer goods market. By reinforcing its employee ownership structures, Ultimate Products signals confidence in its long-term prospects and brand portfolio, which spans widely recognised homeware names across the UK and international retail channels.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that its employee benefit trust has purchased 15,000 ordinary shares in the company at a price of 53.36 pence per share. The trust is managed by JTC Employer Solutions Trustee Limited and is used to hold shares for the benefit of staff and to fulfil obligations under the company’s share incentive schemes.
Following the latest transaction, the employee benefit trust holds 3,044,014 ordinary shares, representing about 3.5% of Ultimate Products’ issued share capital. The move underscores the group’s ongoing commitment to equity-based employee incentives, further aligning staff interests with shareholders as the homeware brands owner continues to expand its multi-channel, international footprint.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £54.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc reported that Chief Financial Officer Chris Dent has restructured and increased his personal stake in the company through transactions on 12 February 2026 involving the purchase of 16,677 shares and the sale of 9,749 shares. The trades, carried out on the London Stock Exchange to transfer holdings into a self-invested personal pension and add further investment, lift Dent’s total shareholding to 116,034 shares, signaling continued executive alignment with shareholder interests.
The director dealing disclosure underscores ongoing governance transparency at the Oldham-headquartered homeware brands group, which counts Salter and Beldray among its key labels and claims penetration into nearly 80% of UK households. By incrementally raising his exposure, the CFO’s move may be read by investors as a modest vote of confidence in the group’s prospects and financial solidity, even though the transaction size is relatively limited in the context of the company’s overall equity base.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products has granted 950,000 share options to six senior managers under its Performance Share Plan, aiming to strengthen alignment between the C-suite and shareholders as the business pursues its next phase of growth. The options, priced at 53.6p and vesting over up to 52 months, underline the board’s focus on retention and performance-based incentives, particularly for recently promoted leaders.
With the IPO-era Management Incentive Plan set to lapse this month, total options across the group will stand at about 2.59 million shares, or roughly 3% of issued capital, largely covered by shares already held in the employee benefit trust. The move simplifies Ultimate Products’ long-term incentive structure while limiting dilution, signalling to investors a disciplined approach to executive rewards tied to future share price performance.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products reported unaudited revenue of £74.5m for the first half of 2026, down 6% year on year due to subdued demand for general merchandise and an expected decline in non-core clearance and white-label sales. However, sales of its proprietary UP brands rose 5% to £65.8m, underscoring the Group’s strategic pivot towards higher-margin owned labels.
Adjusted EBITDA is expected to be about £5.0m, reflecting the operational gearing impact of lower sales, while net bank debt fell to £9.7m, reducing leverage to 0.9 times adjusted EBITDA and slightly beating the Group’s target. Trading remains in line with market expectations despite soft UK conditions, and management believes continued investment in operational capabilities will position the business to capture growth as macroeconomic conditions improve, reinforcing its brand-led, value-focused model.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust has purchased 95,000 ordinary shares at 57.43 pence each, increasing the trust’s holding to 3,029,014 shares, or about 3.5% of the company’s issued share capital. The EBT’s role is to hold shares for the benefit of employees and to satisfy awards under the company’s share incentive schemes, underscoring management’s continued emphasis on equity-based employee rewards.
The additional share purchase by the Employee Benefit Trust consolidates Ultimate Products’ use of share-based incentives as a core component of its remuneration framework. This move may help strengthen employee alignment with shareholder interests and support retention and engagement across its workforce, which is central to sustaining growth in its branded homewares business across domestic and international markets.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has extended and expanded the share purchase programme operated through its Employee Benefit Trust (EBT), authorising the trustee JTC Employer Solutions Trustee Limited to buy additional ordinary shares in the company through to 31 July 2026 with a further £325,000 of funding. The EBT, which currently holds around 3.4% of the company’s 86.3 million issued shares and supports 3.8 million share options, will conduct on‑market purchases under pre-set parameters, including during regulatory blackout periods, in order to mitigate dilution from share option awards and support overall shareholder returns, clarifying the capital structure for investors under FCA disclosure rules.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust (EBT) has purchased 7,044 ordinary shares at 56.9 pence each, increasing the EBT’s holding to 2,934,014 shares, or about 3.4% of the company’s issued share capital. The additional shares will be used to satisfy awards under the company’s share incentive schemes, underscoring Ultimate Products’ continued emphasis on employee participation in the business and aligning staff interests with those of shareholders through meaningful equity ownership.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that Supply Chain Director David Bloomfield and his wife, Susan Bloomfield, carried out “Bed and ISA” transactions on 23 January 2026, each selling and immediately repurchasing 18,423 ordinary shares in the company at 54.6p per share, moving their holdings from standard dealing accounts into individual savings accounts. The move, conducted on AIM, is a routine form of personal tax-efficient portfolio management by a senior executive and a person closely associated with him, and does not alter the overall number of shares in issue or signal any change in corporate strategy, but it does provide transparency to investors regarding insider dealings in line with market abuse regulations.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust (EBT) purchased 28,202 ordinary shares at 54.9489p per share, increasing the EBT’s holding to 2,926,970 shares, or about 3.39% of the company’s issued share capital. The EBT exists to hold shares for the benefit of employees and to satisfy awards under the company’s share incentive schemes, and the latest purchase underscores the group’s ongoing use of equity-based incentives to support employee engagement and align staff interests with long-term shareholder value.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has expanded the holdings of its Employee Benefit Trust (EBT), with the trustee purchasing 64,594 ordinary shares at 54.1844 pence per share, bringing the EBT’s total stake to 2,898,768 shares, or about 3.36% of the company’s issued share capital. The EBT is used to hold shares for the benefit of employees and to satisfy awards granted under the company’s share incentive schemes, underlining Ultimate Products’ continued emphasis on equity-based remuneration and employee participation in the group’s long-term value creation.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has confirmed that its ordinary shares have been admitted to trading on London’s AIM market, effective from 8 a.m. today, giving the company 86,330,132 ordinary shares in issue with voting rights. The admission marks a significant step in the group’s capital markets profile, providing a transparent share base for regulatory disclosure purposes and potentially broadening its investor base as it seeks to build on its strong brand portfolio and extensive retail reach in the homeware sector.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £62.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust (EBT) purchased 36,077 ordinary shares on 9 January 2026 at 55.4359 pence per share, as part of arrangements to satisfy awards under the company’s share incentive schemes. Following this transaction, the EBT now holds 2,834,174 ordinary shares, representing approximately 3.28% of Ultimate Products’ issued share capital, underscoring the company’s continued use of equity-based incentives to align employees’ interests with those of shareholders and support staff retention in a competitive consumer goods sector.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that the trustee of its Employee Benefit Trust has purchased 34,176 ordinary shares in the company at 57.1929 pence per share, as part of arrangements to satisfy awards under its employee share incentive schemes. Following this transaction, the EBT now holds 2,813,534 ordinary shares, representing about 3.26% of the company’s issued share capital, underscoring the group’s continued use of equity-based incentives to align employees’ interests with those of shareholders.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has announced that the trustee of its Employee Benefit Trust (EBT) has purchased 20,388 ordinary shares in the company at 55.6044p per share, taking the EBT’s holding to 2,779,358 shares, or about 3.22% of the company’s issued share capital. The EBT shares are held to satisfy awards under the group’s share incentive schemes, underscoring Ultimate Products’ ongoing use of equity-based remuneration to incentivise and retain employees, and modestly increasing the pool of shares earmarked for staff participation in the business.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc has disclosed that its Employee Benefit Trust has purchased 35,390 ordinary shares in the company at 56.5123 pence per share, taking the trust’s holding to 2,758,970 shares, or about 3.2% of the issued share capital. The EBT exists to hold shares for the benefit of employees and to satisfy awards under the group’s share incentive schemes, so the increased stake underlines the company’s ongoing use of share-based remuneration as a key part of its employee rewards structure, which may help align staff interests more closely with shareholder value and support talent retention across its international operations.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.
Ultimate Products plc announced that all resolutions at their Annual General Meeting were passed, including the decision to delist from the Official List and move to AIM. This strategic shift, effective January 15, 2026, is expected to enhance the company’s operational flexibility and align with its growth objectives, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (GB:ULTP) stock is a Hold with a £65.00 price target. To see the full list of analyst forecasts on Ultimate Products plc stock, see the GB:ULTP Stock Forecast page.