Beloved British bike maker reports £30m loss

Turbulent industry conditions push Raleigh deep into the red

TI-Raleigh
(Image credit: Raleigh)

Long-standing British bike manufacturer Raleigh has posted losses of more than £30 million.

The Nottingham-based brand has revealed in newly released company accounts that its losses deepened fourfold year on year, from £6,826,000 in 2022 to £30,146,000 in 2023. The business was profitable in 2021.

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Tom Davidson
Senior News and Features Writer

Tom joined Cycling Weekly as a news and features writer in the summer of 2022, having previously contributed as a freelancer. He is fluent in French and Spanish, and holds a master's degree in International Journalism, which he passed with distinction. Since 2020, he has been the host of The TT Podcast, offering race analysis and rider interviews.

An enthusiastic cyclist himself, Tom likes it most when the road goes uphill, and actively seeks out double-figure gradients on his rides. His best result is 28th in a hill-climb competition, albeit out of 40 entrants.

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