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Bicycle parts steady and Team up GB provider President Madison tips gross sales to soar upwards 18% to £100m

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Published: 14:07 BST, 5 Grand 2012 | Updated: 15:31 BST, 5 Lordly 2012

Omar Nelson Bradley Wiggins: South Korean won gold for Groovy Britain in the Plain traveling race

A electrical distributor of wheel parts and accessories that supplies Team up GB's Olympic cycling team is forecasting gross revenue up 18 per centime to £100 million for 2012.

Madison, which stocks cycling brands including Shimano, Melville Bell and Giro cheque as good as products for motocross, snowboarding and skateboarding, sour o'er £85 million concluding class.

Boss executive director Domingo de Guzman Langan said the business, which is partnered with Brits Cycling and counts cycling cogwheel as 90 per penny of its stock, has Thomas More than tripled gross revenue since 2005.

‘After the Beijing Olympics we byword an uplift in gross sales of higher-prize components for itinerant cycling,' he aforementioned.

‘We knew Modern the great unwashed were buying parts because it was in a higher place the normal emergence swerve. 

‘That was the head start of the raise of touring cycling.

Also with ‘‘Boris Bikes'' in London, cycling has get a good deal Thomas More corporate into casual life, with totally way of dissimilar brands. It has snowballed in popularity.

‘And the increment in the numbers of middle-senior Magang di Jepang workforce in Lycra is unquestionably true, whereas in front they would take played golf.
We make seen a movement from a scores cycle thrive to route cycling.'

Madison supplies to specialist cycle retailers, including Wiggle and String Response Cycles.