Tandem Group
{{Use dmy dates|date=November 2019}}
{{Infobox company
| name = Tandem Group
| logo = Image:Tandemgroup logo.gif
| caption =
| type = Public limited company
| traded_as = {{aim|TND}}
| genre =
| fate =
| predecessor =
| successor =
| foundation =
| founder =
| defunct =
| location_city = Castle Bromwich, Solihull, West Midlands
| location_country =
| locations =
| area_served = United Kingdom
| key_people = Stephen Grant (Non-Executive Chairman)
Peter Kimberley (CEO)
Phil Ratcliffe(Group Commercial Director)
| industry = Sporting goods
| products =
| services =
| revenue = £36.8 million (2017){{cite web|url=http://tandemgroupplc.co.uk/wp-content/uploads/2018/04/Tandem-AR2017-WEB.pdf|title=Tandem Group plc - Annual report and accounts Year ended 31 December 2017|publisher=Tandem Group|accessdate=21 June 2018}}
| operating_income = £2.4 million (2017)
| net_income = £2.2 million (2017)
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| owner = Public Company
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| parent =
| divisions = Tandem Group Cycles
MV Sports & Leisure
Expressco Direct
| subsid =
| homepage = {{URL|http://www.tandemgroup.co.uk}}
| footnotes =
| intl =
}}
Tandem Group is a British-based designer, developer, distributor, and retailer of sports, leisure, and mobility products. Based in Castle Bromwich, West Midlands, the company is listed on the Alternative Investment Market of the London Stock Exchange.
Operations
The group structure comprises three main divisions:
=Tandem Group Cycles=
Tandem Group Cycles designs, manufactures, and distributes bicycles and bicycle accessories under the Boss, Claud Butler, British Eagle, Dawes, Elswick, Pulse, Falcon, Squish, and Townsend brands.{{Needs citation|date=April 2024}}
=MV Sports and Leisure=
MV Sports and Leisure owns and licenses various rights to design, develop and distribute sporting goods products under various brands, including: Ben Sayers, Hedstrom, Pot Black, Kickmaster, Marvel Avengers, Barbie, Batman, Bing, Bored, Cars, Disney Princess, E-Moto, Fireman Sam, Frozen, Hot Wheels, Incredibles, Jurassic World Fallen Kingdom, Justice League, Li-Fe, The Lion King, L.O.L Surprise!, Minions, Minnie Mouse, Miraculous, My Little Pony, Nerf, Nickelodeon Slime, Paw Patrol, Peppa Pig, PJ Masks, Ricky Zoom, Spider-Man, Sponge Bob, Street Quins, Stunted, Thomas and Friends, Toy Story, Transformers, Trolls, Twista, U-Move, Wigwam, Wired, and Zoomies.{{Needs citation|date=April 2024}}
=Expressco Direct=
Expressco sells garden and outdoor products (Garden Comforts), mobility scooters (Pro Rider Mobility), home (At Home Comforts) and leisure products Pro Rider Leisure). The company sells gazebos, party tents, trampolines, and outdoor play products through its brand Airwave, home products including radiator covers with the Jack Stonehouse brand, Pro Rider branded mobility scooters, and electric golf trolleys and snap frames through the SnapFrames website.{{Needs citation|date=April 2024}}
Acquisitions and partnerships
In August 2014, the group purchased Pro Rider Mobility Limited for £2.5M with additional consideration of up to £1 million.{{cite web|title=Tandem on right road to growth with Pro Rider Mobility deal|url=https://www.birminghampost.co.uk/business/business-news/tandem-right-road-growth-pro-7560448|website=Birmingham Post|date=4 August 2014 |accessdate=30 March 2018}}
On 2 September 2015, the group took over E.S.C (Europe) Ltd in a deal of £2.1 million with additional consideration of up to £750,000.{{cite web|title=Tandem expands again with online retailer buyout|url=http://www.birminghampost.co.uk/business/business-news/tandem-expands-again-online-retailer-9976508|website=Birmingham Post|date=2 September 2015 |accessdate=4 August 2017}}
On 20 June 2018, BikeZaar collaborated with Tandem Group Cycles.{{Cite web|url=https://cyclingindustry.news/bikezaar-to-launch-with-ibd-facing-tandem-group-cycles-partnership-in-place/|title=BikeZaar to launch with IBD-facing Tandem Group Cycles partnership in place|last=Sutton|first=Mark|date=2018-06-20|website=Cycling Industry News|language=en-GB|access-date=2019-10-04}}
In July 2023, Tandem Group announced a partnership with Cyclefit.{{Cite web |last=Cox |first=Simon |date=6 July 2023 |title=Tandem Group Cycles partners with Cyclefit, expanding dealer network |url=https://cyclingindustry.news/tandem-group-cycles-partners-with-cyclefit-expanding-dealer-network/ |access-date=30 April 2024 |website=Cycling Industry News}}
References
{{reflist}}
External links
- [http://www.tandemgroupplc.co.uk Company website]
{{Authority control}}
Category:Companies based in Solihull
Category:Sporting goods manufacturers of the United Kingdom
Category:Companies listed on the Alternative Investment Market
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