Brompton owners

Bit misleading/sensational/scaremongering title and article.

There's more that had happened in the past year of which was not disclosed.

@general_greyharbour please assist?

I guess bringing a whole new model to market isn’t going to be cheap.

Anyone got a set of black guards knocking about?

Going from £10.7M to £4600 in profit one year to the next is pretty sensational.

Going from £10.7M to £4600 in profit one year to the next is pretty sensational.

So sensational that it sounds like an accounting thing rather than reality. People are still buying (fewer) Bromptons.

All I can say is that the accounts are available from Companies House.

I think Jameo was thinking more about the internal accounting books than the publically declared company accounts.

Did not think my one gym session during Xmas could have done this…

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The numbers (lifted from the article) are from the published accounts.

Going from £10.7M to £4600 in profit one year to the next is pretty sensational.

Not really. Their profit from bike sales was down a few percent and their operating costs were up a few percent. That’s all it takes.

I can’t see anything particular juicy in their Companies House report.

Look harder... ;)

..

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How are the early G-Line crew getting on? Initial impressions.

They are indeed sitting on a massive cash pile but that doesn't explain the so called 'slump' in profit.

What I was drawing attention to was lower sales and higher operating costs (of which does not have a note to disclose why) reconciles better, have the accounts printed out but not had a chance to look into it in detail yet.

80% of their sales come from exports. So currency movements can have a huge impact.

It isn't about London or the UK, it is about how the bike is positioned/perceived abroad.

Page 9 of the financial statements says:

The group are naturally hedged....and following the year end has implemented a more active hedging strategy

I suspect the use of the word

naturally

reveals more than it should; they might have sat on their hedging approach and been hit.

Also who quotes 'operating' position rather than the bottom line of the P&L.
The move from £8.6m to (£1m) might be more accurate?

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Hope everyone is doing well
.
On the subject of bromptons first trip to the covent garden shop today quite liked this one from the first batch produced
.
Also there was a chap in there with a t line that had the frame polished with a neon green front fork which was excellent

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Interesting that on the original the M bar had a brace. Is this still a weak point I have a Kuosac mid-rise which i've been on for ~5 years do i need to be thinking of replacing this (a friend had an OEM one fail whilst riding and i don't fancy that)