Oldham-based Ultimate Products — owner of homeware brands including Salter and Beldray — said on Wednesday it is reviewing whether it would be in shareholders’ best interests to change the company’s listing venue from the London Stock Exchange’s main market to the junior AIM market.

The company said the potential move considered factors “such as the potential to access new investors at the Company’s current market capitalisation.”

Ultimate Products’ shares have fallen about 60% over the past year to around 55p to reduce the firm’s stock market value to about £46 million.

The news came in a trading update as Ultimate Products revealed its revenues fell 3.4% to £150.1 million in the year to July 31, 2025, “reflecting subdued consumer demand for general merchandise.”

Ultimate Products CEO Andrew Gossage said: “We continue to operate in a challenging environment, with many consumers prioritising saving over spending.

“Although overall revenue declined, we are encouraged by the growth in sales of our UP brands, which remain a key differentiator and the driver of long-term value creation, both in the UK and internationally.

“We are confident that further investment and operational improvements within our business will better position us to take advantage of all commercial opportunities, win market share and deliver sustainable long-term growth.”