Door hardware specialist posts 15th consecutive year of revenue growth
Revenues and earnings at Bury-based UAP, a door hardware specialist, have risen during the year to April 2024, it has revealed.
It announced unaudited revenue of £28.4m, marking its 15th consecutive year of revenue growth, which compares with £21.3m in 2023..
Unaudited EBITDA of £3.9m is a 54% increase on the previous year’s £2.5m figure.
Revenues were driven by both the acquisitions of Security Hardware in December 2022, and Maher London in January 2023, and by organic growth which included the launch of a new business line, Fire Door Maintenance (FDM).
FDM is a specialist business that offers fire door inspection, maintenance services, and fire door safety training that ensures component maintenance and application always meet safety standards.
In 2023, FDM established the UK’s first practical training centre for the fire door industry, a 3,000 sq ft collaborative setting for fire door inspectors, installers, and maintainers, that blends theory with hands-on experience.
UAP also licensed Armadillo Metal Coatings’s Armasmart technology earlier this year which resulted in the launch of the industry’s first door hardware range to eliminate 99.98% of viruses, including Covid-19.
The revolutionary patented anti-viral and anti-microbial technology addresses the limitations of traditional stainless steel by reducing the risk of germ transmission – preventing tarnishing and corrosion – and promotes a safer, cleaner environment which is vital in health, care, commercial and residential settings.
From starting in its founder’s spare room to moving to two separate sites across the UK, UAP’s period of rapid growth saw the business make the strategic decision to consolidate its operations, following a £750,000 investment, into a single 120,000 sq ft headquarters in Bury.
The new facility has significantly improved operational efficiency, enabling streamlined order fulfilment with stockholding capacity increased by more than double, facilitating improved customer satisfaction and service delivery.
The business has, in turn, strengthened its resilience by expanding its supply chain team in India and maximising economies of scale with suppliers.
Stephen Cox, Group Commercial Director at UAP, said: “We’ve had an incredible year at UAP. While our scale has grown dramatically, our core values have remained constant. Our drive to excel fuels everything we do.”
