Applied Nutrition, a well-known supplement manufacturer, is gearing up to make a significant mark in the market by going public with a valuation of over half a billion pounds. According to the 40-year-old founder of the supplement brand, Tom Ryder, going public at this time “ticks all our boxes.” According to The Times, Ryder believes Applied Nutrition could be the one to “kick the doors in on the London Stock Exchange this year.”
To hit the ground running, he has met with 27 City fund managers prior to its possible listing in October this year. However, he also stated that the company is yet to make a firm decision. Speaking to City A.M in an interview, Ryder said, “We’re navigating our way to an IPO that’d be in London,”. “We’re looking at our options for that.”
The brand founded in 2014, has witnessed immense growth since its launch. Ryder initially founded the company as a retailer but as time went on, he made a switch over to formulating as well as producing supplements. Applied Nutrition’s production facility at that time was in Canada, and in early 2015, he moved production to a reputable white label Europe manufacturer.
After the move to Europe, Ryder considered moving the production in-house. He grew up in Liverpool and felt it would be a great idea. He consulted with industry specialists, and from there, the brand grew. Since the move to Liverpool, the production capability of Applied Nutrition has expanded, taking warehouses over the road.
Thanks to this initiative, he could find trending ingredients that were bringing in more results and the latest trends. As a skilled businessman, he took advantage of what he’d learned and implemented them in the products. In 2023, the company reported a 74% increase in turnover to £61.2 million for the fiscal year which was also accompanied by profits of £18.1 million.
Seeing how far Applied Nutrition has come, its prospective IPO is a clear sign that London’s ailing stock market can be revived. Recently, the market has faced difficulties attracting new listings, overshadowed by a wave of takeovers and delistings. Companies have often opted for New York or European exchanges instead.
Under the strategic guidance of its leadership team, Applied Nutrition is set for a bright future. In February, Andy Bell, founder of AJ Bell, announced returned from his break to the business frontline as chairman of Applied Nutrition. However, Bell was not alone in the journey. Other list of investors included the company’s founders JD Sports, which already holds a 30% stake. Former JD executive chairman Peter Cowgill is also on the list.
In addition, Applied Nutrition included Tony Buffin, former CEO of Holland & Barrett and operations chief of Travis Perkins PLC, as a Non-Executive Director. With a team like this, the brand is sure to capitalise on its growth potential.
Applied Nutrition is one of the fastest-growing health, wellness, and sports supplement brands in Europe with over 200 employees at its Liverpool headquarters.
Next, check out this post: Everything You Need To Know About Applied Nutrition
Header image credits: Joshua Schall
