Forum menu
BORINGGGGGGG
I’m interested in why a new user signs up to an account to post one thing on an old thread about a company they’re not invested in and having not read things fully.
Yes, very odd behaviour.
I don't recall AK claiming to be profitable, IIRC they had some redundancies just before the 2nd round.
I like Alpkit's talk in their sustainability brochure. They're trying to be Patagonia but don't have the quality or reputation with a legacy of being a "value" ("budget" is perhaps unfair) brand. I don't confess to understanding the investment thing but...
I get the impression people are investing because the like the company and it’s ethos rather than because they think it will make the best return
...sounds more like charity to me.
Yes, very odd behaviour.
I don’t recall AK claiming to be profitable, IIRC they had some redundancies just before the 2nd round.
Having just re-reviewed the documents from the 2022 funding round....
From the 'outside together document'
Growing and profitable. We’ve grown at almost 50% compound annual growth over 8 years to £15m sales. Viable, vibrant and sustainable. Voted TGO Online Retailer of the Year for a record 8thtime.
Certainly call themselves profitable.
All stores profitable and generate cash. They’re integral to greater engagement and web growth: 9 flagship stores across the country with unique proposition: full range stores; instore repairs; local events; bike hire and bouldering mat hire. Stores deliver average 15% contribution and are a key recruiter of web customers.
Profitable: Strong year-on-year underlying EBITDA growth. £930,000 adjusted EBITDA in 2021. We expect £224,000 adjusted EBITDA in 2022 following year of currency volatility, supply disruption, cost inflation and investment in reshoring production from Far East.
They actually did 199 EBITDA, so not miles off.
Our Adjusted EBITDA has grown every year to £931,000 in 2021. This year our performance has been affected by UK web demand returning to pre-pandemic levels, supply chain disruption, currency volatility and investment in reshoring wheel production from the Far East.
Reading between the lines, they're not saying 2022 was going to be great.
I mean surely anyone who invested did so as a massive punt (I did at least) - there were enough warnings on the site!