- First-half distributions increase 40 per cent
- Strong growth forecast for full-year payouts
Sandy Chadha first tried to take Supreme (SUP) public in 2018, but backed away because he "couldn’t quite get the price” he was looking for to sell a stake in the business.
That changed in February when the Manchester-based manufacturer and distributor of consumable products such as batteries and e-cigarettes floated on Aim, raising gross proceeds of £67.5m through an offer that valued the business at £156m. Its shares have gained 35 per cent since listing, with the company’s market cap currently standing at just over £235m.