UAP records 15th successive year of revenue growth
UAP Ltd, a Manchester-based door hardware specialist, has announced revenue of £28.4 million for its latest financial year, marking its 15th consecutive year of revenue growth.
UAP Ltd revenues grew by more than a third in the year to April 2024, 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 Ltd 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. The success of Armasmart is a direct reflection of UAP Ltd’s constant drive to innovate to ensure it is always one step ahead of customers’ needs – using technology and deep research to develop game-changing products that drive progress in the industry.
From starting in its founder's spare room to moving to two separate sites across the UK, UAP Ltd’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, Greater Manchester. 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 Ltd, said: “We’ve had an incredible year at UAP. While our scale has grown dramatically, our core values have remained constant. We are committed to delivering innovative door hardware solutions that cater to the evolving needs of our customers, equipping them to navigate the ever-changing fire and security landscape. Each client, each market, and every single interaction is of paramount importance to us. Our drive to excel fuels everything we do.”
UAP Ltd are enjoying continued awards success, including at the 2024 National Fenestration Awards. FDM’s practical training centre won “Training Centre of the Year”, and UAP also won the “Hardware Company of the Year” award. UAP Ltd was also recently named “Supplier of the Year” at the 2024 London Construction Awards and was nominated for “Outstanding Business of the Year” at the upcoming This is Manchester Awards.
