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Folding bike brand insists it is committed to "exciting and inspiring prospect" of new factory in Kent, but local politician brands delay "disappointing" and questions if "other firms may be interested" in the site
Folding bicycle manufacturer has seen profits plummet by 99%, its CEO predicting things would "not get better" this year
Profits at Brompton plummeted by over 99% in 2024, the bike brand's chief now warning that removing tariffs would flood the UK market with "sophisticated, well-organised and well-resourced" Chinese competitors
The folding bike brand’s profits fell from £10.6m in 2023 to just £4,602 last year, as total bike sales dropped by almost 7,000 and operating costs increased
Will Butler-Adams said manufacturers and retailers remain at risk, the folding bike brand bucking the industry trend and posting profits up a third in its most recent financial report
"We've got poor quality stuff coming into the UK and if we're not careful, that will affect the whole momentum of light electric vehicle transport, which would be an absolute chronic shame"
CEO Will Butler-Adams cited the "need to move faster" with "the impact of climate change being felt by us all" and the greatest carbon emissions coming from cities
"The moment you finally put it on the market, all of that innovation, all of that risk, someone comes along and says 'oh, thanks for telling me how to do it, I'm just going to rip you off'."
Speaking at length, Will Butler-Adams also commented on urban mobility, saying "it's not sensible to carry a human five miles in a two-tonne metal box"
If you want a portable bike for convenient commuting, this is right up there with the very best