A scaffolder who started his business as a teenager has landed a multi-million payout after a wise move on the London Stock Exchange. Thomas Ryder, 41, became obsessed with the gym as a teenager.
Ryder, who now holds a 35 per cent stake in his business, was paid out £62million. Speaking to the Telegraph, Ryder said he had "always been passionate" about sports supplements, and when he first started, the industry was "nowhere near what it is today". Following Thursday’s initial public offering, shares in Applied Nutrition jumped more than 7 per cent to 150p, with Ryder noting that listing the business was "by far the best all-round option we had." Now, Ryder is hoping the business will make its mark in the US.
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He said: “There is a huge consumer base taking prescribed drugs that’s stopping them from eating. But you then are lacking protein, minerals, vitamins, etc, and we can supplement that. It’s great you are losing weight but you’ve got to replace the goodness in your body. And we’d love to work with the NHS and anyone else prescribing these drugs."
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