Supreme Share Discussion Threads

[danb45] 09/8/2022 19:45

so you are privy to inside information, tell us more - how much did Supreme pay ?

[petersingh550] 09/8/2022 15:56

Have a look in a week as it takes companies house a few days …

[taursus] 09/8/2022 15:41

It will be interesting to see eventually how much Supreme has paid. When Lloyds Development Capital acquired a stake in 2016 the businesses were valued at £37m. The holding company for the two companies Supreme has acquired owed Lloyds Development Capital £15.3m in Feb 2021 so it is unlikely that LDC will even get its money back on its loan. This is especially so as Supreme has a £25m acquisition facility from HSBC and £9.75m (including deferred consideration)is presumably earmarked for the Liberty Flight Holdings acquisition earlier this year; this suggests that £15m at most was paid and most probably a lot less given Supreme’s canny track record with acquisitions. The embarrassing disparity (from LDC’s point of view) between the value of the business now and in 2016 may explain why the purchase price has been kept under wraps for the time being.

[danb45] 09/8/2022 15:05

totally agree - what's this @petesingh up to ? making up false information that's what

[sharw] 09/8/2022 14:35

Can we please stop this false info.

Companies House shows:

CUTS ICE LIMITED Company number 07512911

Company status Active

FLAVOUR CORE LIMITED Company number 10267583

Company status Active


both are 100% owned by ROCKET SCIENCE HOLDINGS LIMITED Company number 10300031

also Company status Active

[danb45] 09/8/2022 09:58

Can you offer a source for this info please ?

[petersingh550] 09/8/2022 09:54

Cuts ice was bought by supreme in administration from the receivers .. the debt falls away along with all other creditors the only lybility supreme have is TUPE

[danb45] 09/8/2022 09:45

I presume that's referring to the ongoing deal / acquisition - not the business being bought. T-Juice trading now online

[shanklin] 09/8/2022 09:44

No idea whether its correct, but its post 609 that says its in administration

[danb45] 09/8/2022 09:40

agreed - I think / hope we look back in 2-5 years and see this acquisition as a master stroke - it gives Supreme a foothold in a premium E-liquid business - very different to 88vape - with incredible products and knowledge - the flavours T-Juice offer I haven't seen anywhere else in the market, go and have a look at what the offer

[spectoacc] 09/8/2022 09:20

Personally, SSC has enough skin in the game for me to trust his judgement on acquisitions.

[taursus] 09/8/2022 09:12

None of the companies is in administration according to records at Companies House. Too little information provided to evaluate the deal. It would have been worrying were the deal not to be earnings accretive at the adjusted EBITA level! Also no detail as to how & when these companies will be fully integrated into Supreme’s Vaping division. Will they eventually be relocated to Manchester?

[danb45] 09/8/2022 08:59

who said they were in administration ?

[shanklin] 09/8/2022 08:26

Anybody any idea why the previous owner went into administration please? Presumably not due to the quality of the product, as mentioned above. So any idea what caused the problems?

[danb45] 09/8/2022 08:18

so what happens to the debt ? maybe they pay that with the acquisition proceeds ?

[actscap] 09/8/2022 08:18

Hope we got this at a very good price. Not sure I'd continue to use any of the management team from Rocket Science Holdings. I'd be very interested to see the terms of the acquisition. Guess now we wait for more info

[petersingh550] 09/8/2022 08:07

Supreme won’t take on lybilities or debt
As just bought the assets ..

[actscap] 09/8/2022 07:59

Worries.......£7.196m of short term debt on the books at Cuts Ice Limited. Cuts Ice have had four directors resign over 2020 to 2022. I need to have a rummage around Rocket Science Holdings Limited to see what's been happening.

[robbnw] 09/8/2022 07:53

Looks very positive news

[petersingh550] 09/8/2022 07:44

I think because it’s in administration and
Maybe the fund that backed it originally rather not say we see it soon on the accounts

[actscap] 09/8/2022 07:39

Is the "for an undisclosed amount" standard? Why not publish it? Why do the equity analysts get to see it?

[edmonda] 09/8/2022 07:22

Acquisition of Cuts Ice Limited and Flavour Core Limited - link to note from Equity Development:

Supreme has announced the acquisition of independent vaping products manufacturer Cuts Ice Limited, and Flavour Core Limited, developer of flavours and e-liquids regulatory practices compliance. The acquisitions bring e-liquid technical and regulatory compliance knowhow, plus offering manufacturing synergies and bring additional access to European markets.

The acquisitions are funded from existing resources, where Supreme has proven experience in the integration process, and are expected to be immediately EBITDA (adj.) earnings enhancing, with integration into its Vaping division systems and operations to follow.

The acquisitions bring to Supreme important vape flavourings, scientific and regulatory expertise, and practices to augment the vaping brand and commercial success Supreme has established in the UK. We leave our existing outlook in place for now with the proviso to revise at the next earnings update.

[danb45] 09/8/2022 07:20

Red Astaire is my all day vape - it's the only one I use, easily the best I've ever tried, and I'm not alone as it's a big seller, many vapers know about it - T-Juice have always offered great service, their other flavours are good to - they always seem 'clean' - not cheap though

[masurenguy] 09/8/2022 07:05

Looks like an interesting and synergetic acquisition !

Acquisition of trade and assets of Cuts Ice Ltd and Flavour Core Ltd

Acquisition of premium developer and manufacturer of branded and white label e-liquids, expanding Supreme's European sales footprint

Supreme (AIM:SUP), announces the purchase of trade and assets of Cuts Ice Limited ("Cuts Ice") and Flavour Core Limited ("Flavour Core") (the "Acquisition"). Cuts Ice is an independent vaping manufacturer with major own brands as well as OEM manufacturing contracts, and Flavour Core is a flavour development and regulatory compliance business in e-liquids. Cuts Ice has also developed a leading vape brand 'T Juice', which has successfully developed a single flavour 'Red Astaire', which has achieved significant brand recognition in key European markets.

The Acquisition, whilst delivering a number of integration synergies, will see Supreme acquire a renowned vaping brand alongside absorbing vape flavouring and mixing expertise. In addition, Cuts Ice has established a growing European sales footprint, with the majority of sales being to continental Europe, including France, Germany, Italy, Spain, Belgium, which will add geographic diversity to Supreme's more UK-centric vaping division. The Acquisition is firmly in line with the Company's strategy to support a tobacco free society by offering both credible and safer alternatives for nicotine consumption. The undisclosed cash consideration will be satisfied from existing resources, and the Acquisition is expected to be immediately earnings enhancing at an Adjusted EBITDA level. Cuts Ice & Flavour Core are expected to be fully integrated into Supreme's wider Vaping division.

Sandy Chadha, CEO of Supreme, commented:"We are delighted to be acquiring assets from Cuts Ice and Flavour Core, a highly innovative and hugely popular brand both in the UK and across Europe. We continue to see significant growth from within our vaping activities and see this transaction as an excellent example of how we can continue to add both scale and expertise into the Group."