UP Global Sourcing Holdings, trading as Ultimate Products (UP), has identified a market opportunity to develop branded home products at prices close to own-label products. With owned home brands including Beldray, intempo and Progress, and others under license including Salter and Russell Hobbs, UP’s range is attractive to retailers seeking to offer branded quality at a small premium to own-label. Driven by an experienced management team, the strategy has resulted in year-on-year underlying EBITDA growth of 75% in the recent interim results. Consensus forecasts suggest growth is likely to continue.
