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67. Ulster Carpets

Published 23/04/2010

Managing director: Nick Coburn

Employment: 611

Turnover: £53.7m

Pre-tax profit: £1m

In 2009 the company said it encountered the worst trading conditions in its 71 year history and had to adjust capacity utilisation accordingly, but all plants resumed full time working in mid 2009. The company managed to remain profitable despite the acute drop in spending in all market sectors following the financial crisis.

In October 2009, following a review of its long term strategic future, Ulster Carpets announced a £30m five year investment plan to locate all its operations at the company’s Seagoe site, with the first phase completed in January 2010.

The company said it is committed to continuing manufacturing in northern Ireland in the long term rather than take the jobs to lower cost locations as competitors have done. The firm also continued to make significant investments, spending over £3m on capital expenditure last year.

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