69. Ulster Carpets
Managing Director: Nick Coburn
Pre-tax profit: £5.0m
Ulster Carpet Mills has reported a significant recovery in business performance in the year to March 2012. The company is Northern Ireland's largest manufacturer of Axminster and Wilton carpets with its main factory in Portadown.
Trading conditions were reported as adverse but showed some recovery from the fall in turnover and profits from 2008 to 2010.
Turnover has improved in each of the last two years after an earlier fall for six years in the last decade but turnover is still slightly below the level in 2007.
Turnover rose from £95,000 per employee last year to £110,000 per employee in 2011-12. Value added per employee rose from £37,000 to nearly £44,000.
The fastest growing region is the Gulf where Ulster Carpets have an established office with their own employees.
Danfloor, the Danish subsidiary, which serves the Scandinavian and health care markets again performed at the very top end for its market sector.
In Portadown, Ulster Carpets is now embarking upon its ambitious £30 million re-development programme. The first phase is a new Dyehouse and Energy Centre with building work due to commence in the summer.
Tel: 028 3833 4433