Liverpool city region sports nutrition business Applied Nutrition will be valued at around £350m when it floats on the stock market. Tony McDonough reports

Applied Nutrition exports to more than 60 countries around the world

Sports nutrition business Applied Nutrition will be valued at around £350m following its entry onto the London Stock Exchange, the company said on Thursday.

Last week Knowsley-based Applied Nutrition said the price of the initial public offering (IPO) will be 140p per share. Previously the firm said the IPO would see it valued at between £340m and £400m so it will be at the lower end of expectations.

Founded in 2014 by Kirkby-born Tom Ryder, the company has established itself as one of the fastest-growing privately owned sports nutrition brands in Europe. Its ABE workout products are stocked in hundreds UK gyms.

Operating from a 100,000 sq ft manufacturing facility in Knowsley, Applied Nutrition exports its products to more than 60 countries. It partners with football clubs, including Glasgow Rangers and Fulham, as well as MMA, basketball and rugby professionals.

In the 12 months to July 31, 2023, the firm saw revenues rise 73% to £61.2m and an 82% uplift in pre-tax profits to £17.7m.

Thomas Ryder said on Thursday: “As a homegrown UK business based in Knowsley, Liverpool, we could not be prouder to be listing on the London Stock Exchange.

“We are delighted with the support shown by investors during our roadshow, and the top-quality shareholder register that we have secured.

As we reach this important milestone in our journey, I would like to thank our employees for their continuing hard work and dedication.

“We are only scratching the surface of our growth opportunity and this IPO positions us ideally for the next step. We are confident it will assist in our vision to create the world’s most trusted and innovative sports nutrition, health and wellness brand.”

Coleen Rooney is a brand ambassador for Applied Nutrition

Last week LBN revealed that Liverpool-born Coleen Rooney, a TV personality and businesswoman who is married to former Everton, Manchester United footballer, Wayne Rooney, would be investing in the IPO.

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Coleen started working with Applied Nutrition earlier this year. Details of how much she’ll invest in the flotation is not disclosed.

Alongside JD Sports Fashion, Andy Bell and Peter Cowgill, who are current investors in the company, the IPO has already attracted highly successful entrepreneurs such as Mohsin Issa and several others, who are investing personally into the company.