Branson-backed bike sharing firm Beryl more than doubles losses Transport and infrastructure Losses at Beryl, a bike sharing company backed by two of Sir Richard Branson’s children, have more than doubled despite an uptick in its turnover. In accounts filed almost four months late with Companies House, the business has posted a pre-tax loss of £7.5m for the 12 months to 31 March, 2024. That total compares [...]
Skarper: Sir Chris Hoy-backed start-up surges in value Business A start-up backed by Sir Chris Hoy surged in value by almost £2m ahead of securing a major funding boost, it has been revealed. Mobility technology company Skarper was founded in 2020 by Alastair Darwood and collaborates with Formula One team Oracle Red Bull Racing. The business patented a lightweight, portable drive system which connects [...]
RideLondon cancelled for 2025 as organisers make new plans Sport Business London sporting staple RideLondon has been cancelled for 2025 with organisers planning on revamping the event. The two-wheeled cycling stage was first held in 2013 as part of the London 2012 Olympic Games legacy and now sees mass participation, alongside UCI WorldTour racing, across 100 miles around the capital and Essex, having initially been in [...]