Knowsley-based Applied Nutrition Limited, which makes drinks and supplements for gym-goers, said it is considering an initial public offering on the main market of the London Stock Exchange.
The company reported £86 million in sales of its powders, tablets, bars and shakes in the last financial year, and £26 million in EBITDA.
The company was founded in 2014 by Thomas Ryder, Chief Executive Officer. It has launched four ranges under the umbrella of the Applied Nutrition brand: Applied Nutrition, ABE, BodyFuel and Endurance. Across the four ranges, the Group sells approximately 100 different products.
The company estimates the global sports nutrition, health and wellness market to be worth £189 billion a year.
“Since launching our first Applied Nutrition product just over ten years ago, we have demonstrated a consistent track record of delivering strong profitable growth, becoming a trusted, premium sports nutrition, health and wellness brand in an industry that continues to grow at pace,” Ryder said.
“I am incredibly proud that a large proportion of our manufacturing and new product development is based in Knowsley, Liverpool. Keeping manufacturing and new product development in-house means we can innovate faster and bring new products to market efficiently. Our team’s ability to design, test, and refine products under one roof gives us an edge – it’s a streamlined process that allows us to move from concept to shelf in a matter of weeks.”
“We are only scratching the surface of our growth opportunity and this IPO positions us ideally for the next step of our development. With an exciting new product roadmap and opportunities to grow with new and existing customers, we are confident it will enable us to build the world’s most trusted and innovative sports nutrition, health & wellness brand.”
Andy Bell, founder of investment platform AJ Bell, who is Non-Executive Chair of Applied Nutrition, said: “A float on the London Stock Exchange would mark the next step in Applied Nutrition’s journey to becoming the world’s most trusted and innovative sports nutrition, health & wellness brand.”
“The Company has delivered impressive growth to date, driven by the increasing consumer interest in health and wellness, and the consistent delivery of new products to Applied Nutrition’s global customer base. We are excited at the prospect of widening our shareholder base and we are confident that a London-listing would further enhance our brand awareness and provide a platform for continued growth.”