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. 

Thank you for reading 20 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1

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.