Applied Nutrition moves to new premises to fuel ‘super growth’
Applied Nutrition, the UK’s fastest growing sports nutrition business, has signed a long-term lease to occupy a 45,000ft facility in Knowsley to enable it to continue its growth trajectory.
The new premises on Acornfield Road, Knowsley will be the new headquarters of Applied, complete with a state-of-the-art production facility, fully racked food grade warehouse and modern offices for its staff.
The company had previously operated from several smaller units in Knowsley but due to growing 160% in FY19 and FY20, the business secured the new facility to create more capacity to allow it to achieve its ambitious growth plans.
Having just finished its financial year on 31 July 2020, Applied is expecting revenue to be 160% up on FY19 with net profit margins of circa 40%. However, the company says they’re “only just getting started” and has set a new strategy which will see the business achieving sales of £40m within three years.
Applied Nutrition managing director, Thomas Ryder, said: “Over the past few years we have seen demand for our product range growing and growing on a global scale. We’re now the UK’s fastest growing sports nutrition company and I am delighted that we have secured a new site which will enable us to continue growing our revenues and profit.
“Our products are in high demand and we’re constantly innovating to bring new and improved products to market. Our global distribution network continues to grow, and I cannot wait to watch the business develop over the next few years as we’re only just getting started.
“Applied has an unbelievable team of people and with our extensive product range and global network of distributors, we have the right ingredients to become one of the largest sports nutrition brands in the world over the next few years.”
The company is currently transitioning from its existing premises into the new site and expects to be fully operational from October 2020.