Since the investment, Protein Works has demonstrated significant growth, driven by:
- Product Innovation: Developing a diverse range of high-quality, nutrition-packed products that cater to evolving consumer preferences.
- Market Expansion: Increasing its presence in both domestic and international markets, with notable revenue growth in the UK and strategic EU regions.
- Operational Excellence: Investing in a new £10 million state-of-the-art facility, the “PW Campus,” in Speke, Liverpool City Region, to increase capacity and improve efficiency through automation.
Impact and Future Plans
In the year to August 2024, Protein Works achieved a turnover of £50.7 million, marking an 18% increase from the previous year, and a 36% rise in profit before tax to £8.8 million. The company has experienced five consecutive years of double-digit turnover growth, successfully balancing the drive for growth whilst maintaining market leading gross margins in a competitive market.
The upcoming move to the “PW Campus” in 2025 is set to further bolster Protein Works’ operational efficiency and support its ambitious goal of reaching £100 million in revenue in the coming years. This vertically integrated facility will consolidate all functions, including food manufacturing, supply chain, logistics, marketing, technology, and data, under one roof, providing a solid platform for future growth and scale.
Under the leadership of CEO Laura Keir, who was recognised as one of the UK’s Top 50 Most Ambitious Leaders in 2024, Protein Works continues to focus on delivering exceptional value to its customers and maintaining its trajectory of sustained growth in the functional foods industry.
