Major bike retailer posts profits despite 'downward trend' in cycling industry

Tredz records £1.4m profit after parent company Halfords issues warning

A silhouette of a road cyclist
(Image credit: Getty Images)

Major online cycling retailer Tredz has recorded a profit in its latest accounts, bucking a trend of losses across the industry. 

The company's newly published financial report, covering the year to April 2023 and filed under Performance Cycling Limited, revealed a pre-tax profit of £1,438,843. 

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Tom Davidson
Senior News Writer

Tom joined Cycling Weekly as a news and features writer in the summer of 2022, having previously contributed as a freelancer. He is the host of The TT Podcast, which covers both the men's and women's pelotons and has featured a number of prominent British riders. 


An enthusiastic cyclist himself, Tom likes it most when the road goes uphill and actively seeks out double-figure gradients on his rides. 


He's also fluent in French and Spanish and holds a master's degree in International Journalism.