Oatein Ltd., the North East nutritional snack company, has a net worth of PS1 million after a successful year of trading. With new deals in global distribution and an expanding presence in the Middle East, the company is well on its way to PS1 billion within three years. The company was founded less than two years ago and has since expanded to 55 countries, selling 1.2 million of its products. But how much money does Oatein have left in its bank account?
The company’s rapid growth has surprised investors and analysts alike. The company went from selling two mixed pallets a year in 2015 to over 15 pallets a day by 2021, a growth that the company attributes to a close-knit team, transparency with consumers and a strong belief in the products they produce. It also surprised analysts with the strong sales it has seen in the Middle East. Middle Eastern markets have great appeal for UK health products, and the company’s ranges feature Arabic translations on the packaging. The company’s Union Jack is prime positioning in the market as an icon of quality, trust, and innovation.
With Oatein’s success in Dragons’ Den and new deals with major outlets, the North East snack company has risen quickly in the net worth stake. Founders Andy Dixon and John-Paul Gardner have secured a Â£1 million investment and secured a lucrative deal with Aldi. Founded in 2011, the Whitley Bay firm has now become an international brand with sales in over 55 countries. Its snacks have already won the hearts of consumers in countries like Australia, France, Germany, and Scandinavia. Indeed, exports make up 90% of the brand’s sales.