Profits are up at Planet X following two years of restructuring at the Rotherham-based specialist in providing bikes at no-nonsense prices.

With a showroom at Templeborough, Planet X previously invested in new 47,000 sq ft warehouse facilities across Rotherham, at Aldwarke.

Profit before tax for the year has risen from £1.1m to £1.8m, a 64% increase on the previous year.

Dave Loughran, chief executive at Planet X, said: “Our strategy to focus upon great quality at sensible prices really resonates with an ever-savvy customer base. We are very excited with the growth opportunities of the business as we resurrect some iconic cycling brands.”
Read the full story at Rothbiz.