Applied Nutrition recently filed their latest accounts to July 2023, and reported a whopping 74% growth in sales and an 80% rise in EBITDA! Based In Liverpool, England, they manufacture 85% of our products at our 100,000 ft2 BRC grade AA factory and distribution centre in Knowsley, employing over 180 people.
Since the COVID-19 period in 2020, they have increased their revenue from £11m in the year ending July 2020, up to £61.2m in their latest audited accounts to July 2023, 446% growth in 3 years!
In December 2022, they opened their first overseas office in Plano, Texas, which they subsidised whilst in their growth phase. This adopted strategy seems to be paying dividends as ABE Ultimate Pre-Workout is now listed nationwide in the world’s largest retailer, Walmart.
Available in over 65+ countries worldwide, Applied Nutrition have become Europe’s fastest growing sports nutrition brand, named in the Sunday Times Fastest Growth and have won the prestigious SME brand of the year at The Grocer awards.
Applied Nutrition CEO, Thomas Ryder said “Our growth over the past few years has been phenomenal and has come from a variety of drivers such as new products, new channels (e.g. Grocery and Convenience), new geographies and new flavours.
Our margins have remained strong despite our rapid growth and these latest results also include the setup of our US operation which is now growing at a healthy rate. Now we’re aiming for £100m turnover in the current financial year and the first 4 months are ahead of plan.”
Applied Nutrition COO, Steven Granite added: “It’s fantastic to be part of a business which is growing so rapidly but, in a healthy and controlled way. Thomas (CEO) has major ambitions for the brand and we’re now in the process of extending our production facility to add 2 more high output powder lines which will help make his vision a reality. Demand for the brand is exceptionally high across the world and the increased capacity in both production and a new warehouse we’re in the process of securing, will ensure we can meet the continued growing demand.”