Strategy

At Angling Direct, we have a long-term strategy to become the leading fishing tackle retailer in Europe by inspiring and delighting increasing numbers of customers, focusing on sustainable profitable growth and enhancing local fishing communities. We will grow revenue, increase market share and generate sustainable healthy profits.

This strategy is underpinned by our market leading customer-centric offering, best in class, high-quality product range and passionate people, supported by efficient operational processes:

Investment Case

Leader in attractive and fragmented market

UK £550m TAM; target £1.8bn European TAM

c.8x larger than next UK competitor providing significant product purchasing power

Deepening relationships with supply chain, record product availability

Track record of delivering our strategic goals

47% UK revenue CAGR over last three full years

European distribution capability established, growth accelerating

Sustainability leadership in ESG leveraging key partnerships

UK quality of earnings starting to develop

Building gross margin flightpath

Stores and online double-digit EBITDA % margins

Leveraging Group cost base

>30% Net assets is free cash to invest in sustainable growth

Supported by positive operating cashflow

Underpins investment further market consolidation in UK

Enables 'bricks and mortar' investment in Europe

Further working capital opportunity exists

Compelling Strategy

Our Purpose

Group of four anglers holding carp, Team AD.

Inspiring everyone to get outdoors and enjoy an exceptional fishing experience

Our Ambition

Three fishing rods setup at lakeside

To become Europe’s first choice omni-channel fishing tackle destination for all anglers, regardless of experience or ability

Strategic Pillars

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Product Authority

The most comprehensive range for all major fishing disciplines

Always delivering choice, value, quality and availability

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Customer Experience

The very best digital and physical retail interactions to drive conversion

Create loyal customers who prompt recommendation

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Inspiration and Advice

Making fishing inclusive and accessible to all

Providing friendly advice, education and inspiration to all sections of the angling community

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Responsibility

Actively engaging the fishing community

Promoting environmental best practices

Best employers in our market

Underpinned By Key Enablers

Our founding philosophies

Inspirational, passionate, trustworthy and genuine - these are the values that form our frame of reference for the business decisions we take each day.

Our colleagues’ knowledge, passion and experience

Crucial to inspiring anglers of all backgrounds and abilities to stretch themselves and seek more from their fishing.

Our contemporary digital technologies

Facilitate our growth, stand us apart and uniquely position us to grow market share.

Our value based, data driven decision making

Underpins and directs all that we do, ensuring we maximise value for all stakeholders.

Strategic Pillars

Underpinned By Key Enablers