RCS - Frontier IP Group - Portfolio news- Alusid £500k pre-IPO funding round

Frontier IPAnnouncement

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RNS Number : 4665L  Frontier IP Group plc  15 December 2025

Reach - a non-regulatory announcement

AIM: FIPP

15 December 2025

 

Frontier IP Group Plc

("Frontier IP" or the "Group")

 

 

Portfolio news - Alusid raises £500,000 through pre-IPO funding round

 

Frontier IP, a specialist in commercialising intellectual property, today
announces that portfolio company Alusid Limited ("Alusid" or the "Company")
has raised £500,000 through a pre-IPO equity funding round.

 

The fundraising values the Company at £10 million and investors included
existing backer, Octopus Investments ("Octopus"), through its Octopus AIM VCT
plc and Octopus AIM VCT 2 plc funds, and the University of Lancashire. As part
of the round, Frontier IP converted loans of £250k into equity. The Group now
holds a 36.16% per cent equity stake in the Company.

 

Proceeds from the round will support the Company as it prepares for a
potential IPO on AIM. They will also be used to accelerate development of
further product ranges, expansion of its international distribution network
and continued development of Alusid's proprietary low carbon tile
manufacturing technology. This includes the Company's patented dry granulation
process, which eliminates spray drying and delivers significant CO2 and water
use reductions.

 

Alusid's sustainable tiles typically use more than 95 per cent recycled
materials and its novel recipes and processes mean they have one of the lowest
carbon footprints in the global ceramics industry.

 

The Company is also developing new product categories to broaden target
markets and further strengthen its proposition ahead of an IPO. It is
innovating to branch into moulded surface products, including shower trays,
basins and architectural components using a novel mineral and alkali
geopolymer based binder system designed to be made from UK waste streams.
These new categories will broaden Alusid's addressable market and strengthen
its proposition ahead of an IPO.

 

Market demand for Alusid's products continues to grow across both retail and
commercial channels at home and abroad.

 

To date, Topps Tiles plc has launched two Alusid-made ranges, Principle and
Mas through its UK retail chain of more than 300 stores, and a third called
Ashton will launch early in 2026. The Company has also signed three
international distribution agreements with Dutch sustainable materials
specialist FRONT Materials BV, Italian firm 3D Wall Panels Italia, and most
recently with one of Sweden's largest tile suppliers Kakelspecialisten, a
subsidiary of Saint-Gobain.

 

Other customers include Starbucks EMEA and Topps Tiles plc in the UK, Topps
Tiles commercial arm, Parkside Architectural Tiles, recently launched the
Alusid-make Luca range, the first of the Company's products to use its own
recycled glaze delivering its most recycled product yet at 99% recycled.

 

Dominic Weller, Fund Manager, Octopus Investments said: "We are proud to
continue to support Dr Alasdair Bremer and the Alusid team as they build on
their progress to date. Their mission to make sustainable tiles from recycled
waste the industry standard remains compelling, and we look forward to
supporting their next phase of growth."

 

Alasdair Bremner, Alusid's CEO said: "Closing this round marks another
important step towards bringing Alusid to the public markets. We are seeing
strong and growing demand from retailers and distributors across Europe for
genuinely low-carbon tile ranges, and this investment will allow us to
accelerate new product development and scale our distribution network with
confidence. Our ambition is to demonstrate that sustainability and commercial
performance can go hand in hand, and we are now well-positioned for the next
stage of growth."

 

Frontier IP Chief Executive Neil Crabb said: "Alusid continues to go from
strength to strength as the strong support from investors for this funding
round shows. The Company is powering ahead internationally and in developing
new branches of products as it continues to explore options for an IPO."

 

University of Lancashire, Deputy Vice-Chancellor, Ruth Connor said: "We're
delighted that the University's first spin-out company has seen considerable
success in its first 10 years and with this latest investment round we look
forward to seeing the next stage of its growth."

 

 

ENQUIRIES

 

 Frontier IP Group Plc                                                  T: 020 7332 2338
 Neil Crabb, Chief Executive                                            neil@frontierip.co.uk

 Andrew Johnson, Communications & Investor Relations                    M: 07464 546 025

 Company website: www.frontierip.co.uk (http://www.frontierip.co.uk/)
 Allenby Capital Limited (Nominated Adviser)                            T: 0203 328 5656

 Nick Athanas

ABOUT ALUSID

Alusid creates beautiful, premium-quality tiles and architectural surfaces by
recycling industrial waste ceramics, glass and other materials, much of which
would otherwise end up in landfill.

 

The company's Sustainable Tile ranges are distributed in the UK by Topps Tiles
and Parkside Architectural Tiles. Its products have garnered widespread
industry acclaim and have won multiple awards over the years. The Mas floor
tile range, launched last year, was shortlisted for Interior Surface of the
Year at the Surface Design Awards 2025.

 

As well as Topps Tiles plc and Starbucks EMEA, Alusid's customers also include
Amazon, Nando's, Pret A Manger, Selfridges, Harrods and the BBC.

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