Ribble Cycles on rebound from £5m loss after Covid and Brexit take toll

Firm says 2023 trading has been a “significant improvement” from 2022

Ribble
(Image credit: Ribble)

Ribble Cycles has reported a £5m loss for the 2022 financial year, but also noted that 2023 has proved a much more stable and positive trading environment.

In accounts filed at Companies House, the Preston-based company reported a pre-tax loss of £4.9m in the year to 6 November 2022, down from a profit of £91,000 the previous year.

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Having trained as a journalist at Cardiff University I spent eight years working as a business journalist covering everything from social care, to construction to the legal profession and riding my bike at the weekends and evenings. When a friend told me Cycling Weekly was looking for a news editor, I didn't give myself much chance of landing the role, but I did and joined the publication in 2016. Since then I've covered Tours de France, World Championships, hour records, spring classics and races in the Middle East. On top of that, since becoming features editor in 2017 I've also been lucky enough to get myself sent to ride my bike for magazine pieces in Portugal and across the UK. They've all been fun but I have an enduring passion for covering the national track championships. It might not be the most glamorous but it's got a real community feeling to it.