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."
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