Raleigh Director claims iconic manufacturer is in ‘strong position’ despite suffering £30 million loss

The Director of iconic British bicycle manufacturer Raleigh believes the company is still in a “strong position” despite a loss of £30 million in 2023 being revealed in its up-to-date accounts.

Raleigh last reported a pre-tax profit in 2021 of £127,000, with 2022 taking in a loss of £6,826,000 and 2023 seeing that figure more than quadruple to a loss of £30,146,000.