Research on Ultimate Products PLC (ULTP:LON)  from Equity Development

UP awarded Salsify’s Digital Shelf Transformer Award 2026, one of only four global recipients, validating genuine operational transformation and execution rigor, reinforcing focus on efficiency and scalable systems. Salsify PIM centralises complex product data across c.2,500 SKUs, improving data accuracy and consistency while materially facilitating the Oracle NetSuite ERP rollout by migrating critical information outside the core system. Technology investment is delivering tangible benefits, c.9,000 working hours saved annually, enabling redeployment of resources to higher‑value brand and customer interface work across Salter, Beldray and homewares. Award follows FY26 sales upgrade and reflects improving brand strategy and leadership depth, we maintain fair value at 165p, based on 1.1x FY27 sales.

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