Business and people search

Cycle maker Tandem pedals to H1 loss as markets remain weak

20th September 2013


The Dawes Sportif SL produced by Tandem Group

The Dawes Sportif SL produced by Tandem Group

BIRMINGHAM-based cycle manufacturer Tandem has announced half-year losses as a result of business rationalisation and costs associated with the purchase of its premises.The net loss for the six months to the end of June was £475,000, which compared to a profit of £184,000 in the same period last year. Group revenue reduced from £14,372,000 to £11,251,000 over the same period.The purchase of its Castle Bromwich premises was completed in February in a deal worth £2.6m. The transaction utilised more than......for the full story register now for free or login below...

Print this page Have your say Bookmark and Share Send to a friend

More News News Archive

Have Your Say 

Be the first to comment on this article!

Login to submit a comment

TheBusinessDesk is a trading name of Regional Media Services Ltd.
A company registered in the UK, company number : 07111349 VAT Number : 124302954