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A protein powder company set up by a scaffolding builder who grew up on a Liverpool council estate is listed on the London stock exchange with a value of £500m.
In a big boost for the city, sports health brand Applied Nutrition confirmed its plans to list its shares in the UK this month.
The float is expected to value the company, based in Knowsley, Liverpool, at around £500m.
Entrepreneur: Applied Nutrition’s founder and CEO is Thomas Ryder, father of four and raised by his grandparents in a council house in Kirkby.
That would make the 55 per cent stake held by founder and chief executive Thomas Ryder (pictured), father of four and raised by his grandparents in a council house in Kirkby, outside Liverpool, worth £275m .
He created Applied Nutrition in 2014 and grew it into a company with more than 200 employees that sells products from herbal powders and tablets to isotonic gels in more than 80 countries.
The company is backed by JD Sports, which bought a 32 per cent stake from Ryder, 40, in 2021, and is the official nutrition partner of football clubs Fulham and Glasgow Rangers.
Revenue topped £86m in the 12 months to the end of July (up from £35m in 2022 and £61m in 2023), while profits hit £26m .
The initial public offering (IPO) would come at an important time for London stock markets, which have grappled with a dearth of IPO activity as well as a number of UK-listed companies being bought out or defecting to overseas markets. .
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