Brompton Bikes' CEO Will Butler-Adams has addressed the issues facing brands in the industry, and points to enduring problems from Brexit, rising energy bills, the pandemic and the cost-of-living crisis for contributing to a challenging time for the folding bicycle manufacturer.

Speaking at length with Raconteur (link is external), Butler-Adams noted the hit on the company's pre-tax profit for the year ending March 2022, down 24 per cent to £7.3 million despite revenues rising 40 per cent year-on-year, and puts the fall down to wage inflation and a rise in the cost of materials.

He also raised the issue of ongoing problems caused by "bloody Brexit", the like of which have been well-documented since the end of the transition period in January 2021 and saw many British-based cycling businesses lose sales, suffer due to VAT changes, have to complete time-consuming paperwork and in extreme cases even cease business altogether.

https://road.cc/content/news/brompton-ceo-bemoans-bloody-brexit-299317

On 14/02/2023 07:56 pm, swldx...@gmail.com wrote:

> Brompton Fairy Bikes' CEO Will Butler-Adams has addressed the issues facing brands in the industry, and points to enduring problems from Brexit, rising energy bills, the pandemic and the cost-of-living crisis for contributing to a challenging time for the folding fairy-bicycle manufacturer.
>
> Speaking at length with Raconteur (link is external), Butler-Adams noted the hit on the company's pre-tax profit for the year ending March 2022, down 24 per cent to £7.3 million despite revenues rising 40 per cent year-on-year, and puts the fall down to wage inflation and a rise in the cost of materials.
>
> He also raised the issue of ongoing problems caused by "bloody Brexit", the like of which have been well-documented since the end of the transition period in January 2021 and saw many British-based fairy-cycling businesses lose sales, suffer due to VAT changes, have to complete time-consuming paperwork and in extreme cases even cease business altogether.
>
> https://road.cc/content/news/brompton-ceo-bemoans-bloody-brexit-299317

Who (of the slightest importance) CARES?

On Tuesday, February 14, 2023 at 7:56:33 PM UTC, swldx...@gmail.com wrote:
> Brompton Bikes' CEO Will Butler-Adams has addressed the issues facing brands in the industry, and points to enduring problems from Brexit, rising energy bills, the pandemic and the cost-of-living crisis for contributing to a challenging time for the folding bicycle manufacturer.
>
> Speaking at length with Raconteur (link is external), Butler-Adams noted the hit on the company's pre-tax profit for the year ending March 2022, down 24 per cent to £7.3 million despite revenues rising 40 per cent year-on-year, and puts the fall down to wage inflation and a rise in the cost of materials.
>
> He also raised the issue of ongoing problems caused by "bloody Brexit", the like of which have been well-documented since the end of the transition period in January 2021 and saw many British-based cycling businesses lose sales, suffer due to VAT changes, have to complete time-consuming paperwork and in extreme cases even cease business altogether.
>
> https://road.cc/content/news/brompton-ceo-bemoans-bloody-brexit-299317

But but - here's the upside.

https://pbs.twimg.com/media/FpBsRJMWAAY7Iwb?format=jpg&name=medium

On 15/02/2023 06:02 pm, swldx...@gmail.com...

....pretending only to respond to himself again (!!), says:

> On Tuesday, February 14, 2023 at 7:56:33 PM UTC, swldx...@gmail.com wrote:

>> Brompton Bikes' CEO Will Butler-Adams has addressed the issues facing brands in the industry, and points to enduring problems from Brexit, rising energy bills, the pandemic and the cost-of-living crisis for contributing to a challenging time for the folding fairy-bicycle manufacturer.

Is the company "folding", then?

>> Speaking at length with Raconteur (link is external), Butler-Adams noted the hit on the company's pre-tax profit for the year ending March 2022, down 24 per cent to £7.3 million despite revenues rising 40 per cent year-on-year, and puts the fall down to wage inflation and a rise in the cost of materials.
>> He also raised the issue of ongoing problems caused by "bloody Brexit", the like of which have been well-documented since the end of the transition period in January 2021 and saw many British-based fairy-cycling businesses lose sales, suffer due to VAT changes, have to complete time-consuming paperwork and in extreme cases even cease business altogether.
>
>> https://road.cc/content/news/brompton-ceo-bemoans-bloody-brexit-299317
>
> But but - here's the upside.
> https://pbs.twimg.com/media/FpBsRJMWAAY7Iwb?format=jpg&name=medium

No-one of the slightest importance *cares*.

It's only people like you.

It's Russan gas, apparently.

https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
> It's Russan gas, apparently.

> https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900

It’s amazing what you can hide by taking an average and comparing that with
a non-averaged value. It’s the sort of sleight-of-hand that’s directed at
morons.

--
Spike

On Thursday, February 16, 2023 at 1:19:08 PM UTC, swldx...@gmail.com wrote:
> It's Russan gas, apparently.
>
> https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900

Bloody EU!

https://pbs.twimg.com/media/FpGcfD7XsAQeECP?format=jpg&name=small

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
> On Thursday, February 16, 2023 at 1:19:08 PM UTC, swldx...@gmail.com wrote:
>> It's Russan gas, apparently.
>>
>> https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900
>
> Bloody EU!
>
> https://pbs.twimg.com/media/FpGcfD7XsAQeECP?format=jpg&name=small

<https://www.startpage.com/av/proxy-image?piurl=https%3A%2F%2Fencrypted-tbn0.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcSozG69tr-Dbs53xknpdQq7wy-q_fU2Cl2gwNm5g9yubDtJ7UM%26s&sp=1676565483Tf01fea6a42213fd13e091255388927f5e01481f4c15b6b57c67e24cbf38e3393>

--
Spike

On Thursday, February 16, 2023 at 4:12:00 PM UTC, swldx...@gmail.com wrote:

Brextards are holding these graphs upside down.

https://pbs.twimg.com/media/FpGfAc3XgAIHWxy?format=jpg&name=medium

On 16/02/2023 01:19 pm, swldx...@gmail.com wrote:

> It's Russan gas, apparently.
>
> https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900

Is that similar to Russian gas?

On 16/02/2023 02:17 pm, Spike wrote:

> swldx...@gmail.com <swldxer1958@gmail.com> wrote:

>> It's Russan [sic] gas, apparently.
>
>> https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900
>
> It’s amazing what you can hide by taking an average and comparing that with
> a non-averaged value. It’s the sort of sleight-of-hand that’s directed at
> morons.

At least you can't say it doesn't work when directed at its target audience.

On Thursday, February 16, 2023 at 5:00:18 PM UTC, swldx...@gmail.com wrote:
> On Thursday, February 16, 2023 at 4:12:00 PM UTC, swldx...@gmail.com wrote:
>
> Brextards are holding these graphs upside down.
>
> https://pbs.twimg.com/media/FpGfAc3XgAIHWxy?format=jpg&name=medium

Farage lying again - surely not?

https://pbs.twimg.com/media/FpG1KgdWYAI2qKm?format=jpg&name=900x900

JNugent <jenningsandco@mail.com> wrote:
> On 16/02/2023 02:17 pm, Spike wrote:
>
>> swldx...@gmail.com <swldxer1958@gmail.com> wrote:
>
>>> It's Russan [sic] gas, apparently.
>>
>>> https://pbs.twimg.com/media/FpF06QNWcAAfVa0?format=jpg&name=900x900

>> It’s amazing what you can hide by taking an average and comparing that with
>> a non-averaged value. It’s the sort of sleight-of-hand that’s directed at
>> morons.

> At least you can't say it doesn't work when directed at its target audience.

<vbg>

--
Spike

> Farage lying again - surely not?
>
> https://pbs.twimg.com/media/FpG1KgdWYAI2qKm?format=jpg&name=900x900

Are the arseholes "taking back control" yet?
Wasn't that the racist Brextard's greatest wish?

Simon Mason <swldxer2022@gmail.com> wrote:
>
>> Farage lying again - surely not?
>>
>> https://pbs.twimg.com/media/FpG1KgdWYAI2qKm?format=jpg&name=900x900

> Are the arseholes "taking back control" yet?
> Wasn't that the racist Brextard's greatest wish?

What’s upset you today?

Amsterdam and Paris turns out to be more polluted than London?

Death rate for Dutch cyclists far greater than that of London?

Welcome to the real world.

--
Spike

QUOTE:He also raised the issue of ongoing problems caused by "bloody Brexit", the like of which have been well-documented since the end of the transition period in January 2021 and saw many British-based cycling businesses lose sales, suffer due to VAT changes, have to complete time-consuming paperwork and in extreme cases even cease business altogether. ENDS

In other news, a muddy field went bust.

Britishvolt was meant to be the UK’s answer to Tesla. By 2024, it was supposed to be producing hundreds of thousands of lithium-ion batteries a year for the British automotive sector, and driving an industrial renaissance for the economically deprived northeast of the country.

Since its launch in 2019, the company had amassed nearly $2.5 billion in funding promises, including £100 million ($123 million) from the UK government, and preliminary deals to supply batteries to Aston Martin and Lotus..

But barely nine months after it broke ground on its “gigafactory” in Northumberland in August 2022, Britishvolt has gone into administration.

swldx...@gmail.com <swldxer1958@gmail.com> wrote:

> QUOTE:He also raised the issue of ongoing problems caused by "bloody
> Brexit", the like of which have been well-documented since the end of the
> transition period in January 2021 and saw many British-based cycling
> businesses lose sales, suffer due to VAT changes, have to complete
> time-consuming paperwork and in extreme cases even cease business altogether. ENDS

Caused by in inflexible business model?

The Germans seem to have coped, why can’t Brompton?

> In other news, a muddy field went bust.

> Britishvolt was meant to be the UK’s answer to Tesla. By 2024, it was
> supposed to be producing hundreds of thousands of lithium-ion batteries a
> year for the British automotive sector, and driving an industrial
> renaissance for the economically deprived northeast of the country.

> Since its launch in 2019, the company had amassed nearly $2.5 billion in
> funding promises, including £100 million ($123 million) from the UK
> government, and preliminary deals to supply batteries to Aston Martin and Lotus.

> But barely nine months after it broke ground on its “gigafactory” in
> Northumberland in August 2022, Britishvolt has gone into administration.

Caused by an unrealistic business model.

Like the dinosaurs, it’s a case of adapt or die.

--
Spike

>
> But barely nine months after it broke ground on its “gigafactory” in Northumberland in August 2022, Britishvolt has gone into administration.

Honda could be the canary in the coal mine: those in the know worry that Japanese businesses are quietly unpicking themselves from the fabric of British society, 30 years after they first laid down significant roots in the UK.. From Swindon to Sunderland, from automobiles to insurance, Japanese companies are suddenly turning cold on the UK. Why they’re doing it may seem obvious to many, but it’s not something most want to admit.

BREXIT AGAIN.

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
>
>>
>> But barely nine months after it broke ground on its “gigafactory” in
>> Northumberland in August 2022, Britishvolt has gone into administration.
>
> Honda could be the canary in the coal mine: those in the know worry that
> Japanese businesses are quietly unpicking themselves from the fabric of
> British society, 30 years after they first laid down significant roots in
> the UK. From Swindon to Sunderland, from automobiles to insurance,
> Japanese companies are suddenly turning cold on the UK. Why they’re doing
> it may seem obvious to many, but it’s not something most want to admit.
>
> BREXIT AGAIN.

The Japanese don’t like change, so to avoid it they are having to change.

Or, in other words, they don’t like it up ‘em.

--
Spike

On Friday, February 17, 2023 at 10:44:36 AM UTC, swldx...@gmail.com wrote:
> >
> > But barely nine months after it broke ground on its “gigafactory” in Northumberland in August 2022, Britishvolt has gone into administration.
> Honda could be the canary in the coal mine: those in the know worry that Japanese businesses are quietly unpicking themselves from the fabric of British society, 30 years after they first laid down significant roots in the UK. From Swindon to Sunderland, from automobiles to insurance, Japanese companies are suddenly turning cold on the UK. Why they’re doing it may seem obvious to many, but it’s not something most want to admit.
>
> BREXIT AGAIN.

Nissan will be the next to flee the UK when their bung runs out.

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
> On Friday, February 17, 2023 at 10:44:36 AM UTC, swldx...@gmail.com wrote:

>>> But barely nine months after it broke ground on its “gigafactory” in
>>> Northumberland in August 2022, Britishvolt has gone into administration.

>> Honda could be the canary in the coal mine: those in the know worry that
>> Japanese businesses are quietly unpicking themselves from the fabric of
>> British society, 30 years after they first laid down significant roots
>> in the UK. From Swindon to Sunderland, from automobiles to insurance,
>> Japanese companies are suddenly turning cold on the UK. Why they’re
>> doing it may seem obvious to many, but it’s not something most want to admit.

>> BREXIT AGAIN.

> Nissan will be the next to flee the UK when their bung runs out.

Here is a lesson written in Special English:

President Biden has passed an Inflation Reduction Act into law. It is
intended to subsidise those industries regarded as being ‘green’.

This includes Electric Vehicle production and its supporting industries.

The sum being pledged is $360bn.

Car makers are moving production to the US to take advantage of this money.

That means they are ending production in countries offering smaller sources
of public money.

President Biden’s Act was not influenced by Brexit.

--
Spike

On Friday, February 17, 2023 at 2:14:16 PM UTC, swldx...@gmail.com wrote:
> On Friday, February 17, 2023 at 10:44:36 AM UTC, swldx...@gmail.com wrote:
> > >
> > > But barely nine months after it broke ground on its “gigafactory” in Northumberland in August 2022, Britishvolt has gone into administration.
> > Honda could be the canary in the coal mine: those in the know worry that Japanese businesses are quietly unpicking themselves from the fabric of British society, 30 years after they first laid down significant roots in the UK. From Swindon to Sunderland, from automobiles to insurance, Japanese companies are suddenly turning cold on the UK. Why they’re doing it may seem obvious to many, but it’s not something most want to admit..
> >
> > BREXIT AGAIN.
> Nissan will be the next to flee the UK when their bung runs out.

Honda has already buggered off.

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
> On Friday, February 17, 2023 at 2:14:16 PM UTC, swldx...@gmail.com wrote:
>> On Friday, February 17, 2023 at 10:44:36 AM UTC, swldx...@gmail.com wrote:
>>>>
>>>> But barely nine months after it broke ground on its “gigafactory” in
>>>> Northumberland in August 2022, Britishvolt has gone into administration.
>>> Honda could be the canary in the coal mine: those in the know worry
>>> that Japanese businesses are quietly unpicking themselves from the
>>> fabric of British society, 30 years after they first laid down
>>> significant roots in the UK. From Swindon to Sunderland, from
>>> automobiles to insurance, Japanese companies are suddenly turning cold
>>> on the UK. Why they’re doing it may seem obvious to many, but it’s not
>>> something most want to admit.
>>>
>>> BREXIT AGAIN.
>> Nissan will be the next to flee the UK when their bung runs out.
>
> Honda has already buggered off.

Bad business decision. They should have waited for Biden’s Inflation
Reduction Act then took the money.

--
Spike

Brompton isn't alone in seeing these effects. Brexit has hit UK investment by the equivalent of £1000 per household (link is external). And yet some people still say they don't regret voting for it because they did so due to a deep, abiding love for sovereignty. That's a bit like saying you don't regret buying a half-built, rat-infested holiday timeshare because you have a deep, abiding love for sunshine and sangria. Fine, but you were still taken in by a false prospectus. You're still a victim of fraud.

swldx...@gmail.com <swldxer1958@gmail.com> wrote:
> Brompton isn't alone in seeing these effects. Brexit has hit UK
> investment by the equivalent of £1000 per household (link is external).
> And yet some people still say they don't regret voting for it because
> they did so due to a deep, abiding love for sovereignty. That's a bit
> like saying you don't regret buying a half-built, rat-infested holiday
> timeshare because you have a deep, abiding love for sunshine and sangria.
> Fine, but you were still taken in by a false prospectus. You're still a victim of fraud.

Without the link (which is external) the above whinge is, well, just that.

--
Spike