Ultimate hungry for more as sales and profits rise

RETAIL supplier and importer Ultimate Products defied the tough market to grow turnover and profits last year.

Ultimate's turnover in the year to the end of July rose from £53.8m to £59.1m, while EBITDA - the key measure for private equity backed businesses rose from £3.6m to £5.1m.

Accounts filed by the Oldham-based company, 46% owned by private equity outfit LDC, also reveal it bought the trade and stock of the housewares division of Rochdale company Martin Yaffe International in September for £1m.

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