THE company which brought a fleet of 500 rentable electric bikes to Plymouth made a loss of more than £4m last year and twice breached banking covenants. London-based sports goods company Smidsy Ltd, which runs the Beryl Bikes scheme, has racked up huge debts but stressed it has had to invest large sums of money, is spreading to more locations and has the backing of a major shareholder.
The company has just announced revenues of £5,183,017 for the year to the end of March 2022, up from £3,583,557 in 2021. But it made a loss of £4,262,442, after making a loss of £3,825,119 the year before.
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OPPORTUNITY KNOCKS
HATCH BENEFITS FROM THE MISFORTUNE OF TEAM-MATES
Randell relishing his new role for Pilgrims
MIDFIELDER IS LEARNING A LOT UNDER HEAD COACH ROONEY
McPhee delighted with the response of Parkway players
IT was the former Prime Minister, Harold Wilson, who famously said that a week is a long time in politics.
Making a song and dance of it
JOAQUIN PHOENIX AND LADY GAGA UNITE FOR A JOKER SEQUEL WHICH DITCHES THE FIRST FILM'S BLOOD, GORE AND ACTION FOR A MORE MELODIC APPROACH
Historic 'house of pleasure' is to be restored
A GEORGIAN 'pleasure house' in the grounds of Mount Edgcumbe Country Park is to undergo a restoration and revival.
Law change plan for assisted dying
PROPOSALS to change the law to give terminally ill people \"choice at the end of life\" are to be introduced in Parliament this month.
Jenrick claim blasted
SAS: Who Dares Wins star Mark \"Billy\" Billingham has said Robert Jenrick's claim that the special forces are \"killing rather than capturing\" terrorists is \"absolutely ridiculous\".
Israeli order to evacuate
THE Israeli military yesterday ordered the evacuation of villages and towns in southern Lebanon that are north of a United Nationsdeclared buffer zone established after the 2006 war.
Prison sentence for sex offender
INDECENT IMAGES OF CHILDREN DISCOVERED
MP to join Warrior Women Walk
EVENT SUPPORTS DOMESTIC ABUSE VICTIMS