Plans for a £100m headquarters and factory for Brompton Bikes on a 100-acre wetlands site near Ashford, Kent, were approved last night by Ashford Borough Council, despite the company recently announcing the project is on hold.

The decision comes after Brompton revealed a significant drop in profits, with pre-tax earnings for the year ending March 2024 falling to just £4,602, down from £10.7m the previous year. The company has cited a faltering global bicycle market and an oversupply of cheaper bikes as reasons for the delay.

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