Scaffolder who founded business in his teens lands £62m payout

  • 📰 nottslive
  • ⏱ Reading Time:
  • 39 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 52%

Your Money News

Asda,NHS

Thomas Ryder, 41, sold 19% of his shares in sports supplements brand Applied Nutrition on the London Stock Exchange this week, valuing his stake at £62million

A scaffolder from Liverpool, Thomas Ryder, has secured a massive payout of £62million after making a significant business move this week. The 41 year old established his sports supplements brand, Applied Nutrition, a decade ago and on Thursday, he sold 19% of his shares in the business, which is valued at £350million, on the London Stock Exchange.

He continued to work as a scaffolder while running Body Fuel for six years before transitioning to selling supplements full-time. In 2014, he launched his now multimillion-pound company, Applied Nutrition, from a small factory in Knowsley, Merseyside. Speaking to the Telegraph, Ryder said: "You can't take away the credibility and recognition it gives you to be a listed company on the London Stock Exchange."

He explained: "The US is the big goal. We are in an industry worth £189 billion and the US is 50% of that. You can't ignore the fact that it's by far the biggest opportunity. Our priority is to keep growing. We have not scratched the surface of where we can be. The growth opportunity ahead of us is huge."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Council scaffolder from Liverpool scores £62m payday after listing his protein shakes business on...A Liverpudlian scaffolder, Thomas Ryder, 41, has bagged a £62 million pay day after putting his sports supplement business on the London Stock Exchange.
Source: DailyMailUK - 🏆 7. / 90 Read more »

Council scaffolder from Liverpool scores £62m payday after listing his protein shakes business on...A Liverpudlian scaffolder, Thomas Ryder, 41, has bagged a £62 million pay day after putting his sports supplement business on the London Stock Exchange.
Source: DailyMailUK - 🏆 7. / 90 Read more »

Scaffolder who launched business as struggling council estate teen lands £62million payoutThomas Ryder, 41, started his sports supplement business at the age of 18 after developing a passion for working out.
Source: Daily_Record - 🏆 9. / 89 Read more »

Scaffolder who launched business on council estate as teen lands £62mil payoutThomas Ryder, 41, started his sports supplement business at the age of 18 after developing a passion for working out.
Source: Daily_Record - 🏆 9. / 89 Read more »