Highlights

  • Alusid raises GBP 500,000 in pre-IPO funding to support product development and expansion.
  • Frontier IP converts GBP 250,000 of loans into equity, increasing its 36.16% stake.
  • International distribution expands with agreements across the Netherlands, Italy, and Sweden.

Frontier IP Group Plc (LSE:FIPP), which specialises in commercialising intellectual property, announced that portfolio company Alusid Limited has completed a pre-IPO equity funding round, raising GBP 500,000. The fundraising values Alusid at GBP 10 million. Investors in this round included Octopus Investments via Octopus AIM VCT plc and Octopus AIM VCT 2 plc, along with the University of Lancashire. Frontier IP converted GBP 250,000 of loans into equity, resulting in a 36.16% holding in the company.

Use of Funds for Product and Market Expansion
Proceeds from the funding round will support Alusid’s preparations for a potential IPO on AIM. The capital will also be allocated to accelerating new product development, expanding the international distribution network, and further developing Alusid’s low-carbon tile manufacturing technology. This includes the company’s patented dry granulation process, which removes the need for spray drying and reduces CO2 emissions and water consumption.

Alusid’s tiles typically incorporate over 95% recycled materials. The company is also developing moulded surface products, such as shower trays, basins, and architectural components, using a mineral and alkali geopolymer-based binder system derived from UK waste streams. These new product categories aim to increase the company’s market reach.

Growing International Presence
Alusid’s products are distributed across retail and commercial channels domestically and internationally. Topps Tiles plc has launched two Alusid ranges, Principle and Mas, through its UK network of over 300 stores, with a third range, Ashton, planned for early 2026. International agreements include partnerships with FRONT Materials BV (Netherlands), 3D Wall Panels Italia (Italy), and Kakelspecialisten, a Saint-Gobain subsidiary in Sweden.

Other clients include Starbucks EMEA and Topps Tiles’ commercial division, Parkside Architectural Tiles, which recently introduced the Luca range. This range uses Alusid’s recycled glaze and achieves 99% recycled content.

Share Price Snapshot
FIPP was trading at GBX 16.00 per share as of 15 December 2025.