Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Brompton’s profit plunges to less than the price of a single high-end bike

by January 3, 2025
January 3, 2025
Brompton’s profit plunges to less than the price of a single high-end bike

Brompton Bicycle has warned of another difficult year ahead after its profit before tax slumped to just £4,602 in the 12 months to the end of March — a staggering fall from the £10.7 million it made the previous year.

The company now finds itself recording a total profit smaller than the retail price of its premium T Line Explore 12 Speed foldable, listed at £4,749 on its website.

Annual sales also took a hit, slipping by 5.3 per cent to £122.6 million. Brompton sold 84,899 bikes in 2024, down from 91,875 the year before, a decline it attributed to ongoing global economic uncertainty, inflated inventories across the cycling industry, and higher staffing and marketing outlays.

Despite the tough conditions, Brompton emphasised that exports accounted for 80 per cent of its turnover, up from 74 per cent in 2023. It also reported a significant swing towards its higher-margin T Line and P Line models, which helped offset some of the lost revenue from fewer total sales.

In early 2024, Brompton raised £19 million from BGF, securing about 8 per cent of the company for the fund and valuing the business at £200 million, including the new investment. The extra capital was intended to support growth and the planned relocation from its current Greenford facility in west London to a new, elevated factory in Kent, initially slated to open in 2027. Planning setbacks have delayed those ambitions, although the company says the new site will help regenerate local wetlands and encourage more cycling and walking in Ashford.

Brompton reached a milestone last November by producing its one-millionth bike. Founded by Andrew Ritchie in 1975 while overlooking London’s Brompton Oratory, the firm joins other British bicycle brands grappling with tougher trading conditions after the pandemic boom subsided, with notable collapses in the sector including Mercian and Orange Mountain Bikes.

Read more:
Brompton’s profit plunges to less than the price of a single high-end bike

0
FacebookTwitterGoogle +Pinterest
previous post
Nick Clegg leaves Meta as Joel Kaplan takes helm of global affairs
next post
The Rise of Mobile Gaming: How Smartphones Have Transformed the Casino Experience

You may also like

Elon Musk to scale back White House advisory...

April 2, 2025

How Your Business Can Harness the Power of...

September 11, 2023

Online Casino: Why Digital Gambling Has Become So...

January 14, 2025

BMW admits ‘irregularities’ with 100 Russian car sales...

December 24, 2024

Cambridge warns UK must scale up investment to...

May 27, 2025

Maison Sport Secures £3M Investment to Expand European...

November 30, 2023

eBay UK launches climate training scheme for SMEs

May 12, 2023

NatWest launches £1 million competition to accelerate small...

April 1, 2025

GB News boss claims ‘far-left’ groups are orchestrating...

March 18, 2025

Vinted triples profits to £80m as second-hand fashion...

May 14, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

      June 7, 2025
    • Deadly drone wars are already here and the US is horribly unprepared

      June 7, 2025
    • Week Ahead: NIFTY’s Behavior Against This Level Crucial As The Index Looks At Potential Resumption Of An Upmove

      June 7, 2025
    • FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

      June 7, 2025
    • ‘Right down the line’: Medicaid reform in ‘big, beautiful bill’ divides lawmakers by party

      June 7, 2025
    • FAST distribution and IA

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,562)
    • Stocks (3,135)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved