Scott McTominay has been ruled out of Manchester United's Europa League quarter-final first leg against Sevilla through injury.
29.03.2023 - 05:53 / manchestereveningnews.co.uk
Jobs are set to be lost at a Manchester-based push bike brand after racking up losses of almost £4m.
Insync Bikes is also planning to leave its headquarters, which it only moved into last year. The company has outlined restructure plans after saying the UK market suffered a 'huge erosion' of demand in 2022.
It is also seeking a £3m cash injection from its Indian parent company Hero Cycles by no later than the end of March next year.
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According to its newly-filed accounts with Companies House, the business made a pre-tax loss of £3.7m for the 12 months to March 31, 2022, compared to a loss of £769,822 in the prior year.
The Trafford Park firm also made a pre-tax loss of £4m in the year to March 2020 and last made a profit in the year to January 31, 2015.
The figures come after the company, in May 2022, outlined plans to double its UK market share to 20% by 2024 after it relocated to a new 60,000 sq ft headquarters at Centenary Link.
On its latest set of accounts, a statement signed off by the board said: "Post Covid-19 pandemic global supply chains presented some challenges.
"The company was able to procure stocks. This diluted any material impact on the sales throughout this period, unlike many organisations who suffered greatly in 2021. Sales were flat during the year as markets saw a return to normalcy.
"2022 saw the group incurring losses on account of high upstream and downstream inventories across bards and channels. This has resulted in serious margin erosion coupled with socio-economic factors.
"The group continues to receive unwavering support from the group, with £4.85m of equity being introduced by Hero Cycles during the financial
Scott McTominay has been ruled out of Manchester United's Europa League quarter-final first leg against Sevilla through injury.
Brenda Edwards has waded into the controversy surrounding audiences in theatres following an incident at the Palace Theatre in Manchester. Last Friday night's performance of The Bodyguard had to be abandoned and police were called to the Oxford Street venue when 'staff reported a number of people in the audience causing a disturbance' and two women were captured on video being dragged out of the upper circle of the theatre.
Premier League pundit Peter Schmeichel singled out a trio of Manchester United players for particular praise after their performances against Everton.
Marcus Rashford has broken a number of personal records this season and has now matched a feat recorded by Wayne Rooney 13 years ago.
Manchester United manager Erik ten Hag delivered a mix bag of injury news ahead of the Premier League game with Everton.
Eredivisie champions Ajax are reportedly considering a return for Donny van de Beek following his frustrating spell at Manchester United.
Former Manchester United manager and club legend Ole Gunnar Solskjaer is being considered for the vacant role at Belgian Pro League side Club Brugge, according to reports.
North west property developer Salboy has said there was "no explosion" at a high-rise tower building site after a construction worker was taken injured to hospital.
Brand new images have revealed how the former Debenhams store on Market Street will look after a huge £70m transformation.
With the sun making a few more appearances over the past couple of weeks as spring starts to kick into gear, the desire for a nice pint after work or at the weekend increases ever so slightly.
A violent thug threatened a woman with a machete - but when she fought back he squirted ammonia into her eyes, leaving her in 'excruciating pain'.
Manchester is home to the biggest NHS trust in the country, employing more than 28,000 people in the region. Today, the mammoth organisation's new leader is starting - a former nurse who worked at three Greater Manchester hospitals.
A warren of characterful Victorian streets and alleyways was sacrificed for the building of Manchester's Arndale Centre.
A drunk newlywed pinched a cabin crew member's bottom - and threatened to burn another 'like Guy Fawkes' and 'bite her ear and nose off' during a 'terrifying' plane rampage.
Charlene White penned a sweet farewell to one of her Loose Women colleagues as they left the show after 15 years.The former I'm A Celebrity... Get Me Out Of Here! campmate took to Instagram to share sweet tribute to Loose Women's deputy editor Tom Sage, who left the show last week. Charlene said goodbye on Instagram, posting two photos of herself and Tom alongside a length caption.
Manchester United will return to action after the international break fighting on three fronts.
A national food critic has heaped praise on a new Manchester restaurant that she’s described as ‘pointedly bonkers’.
Manchester United's pre-season tour to the United States of America can be the ideal opportunity for Donny van de Beek to stake his claim for a place in Erik ten Hag's first-team squad next season.
A man found dead in a canal following a three-week search fell into the water 'unintentionally', a coroner has concluded. Peter Curphey's body was pulled from the Leeds and Liverpool Canal in Wigan on April 11 last year.
Manchester United booked their second Wembley visit of the season with Sunday's 3-1 FA Cup quarter-final victory over Fulham at Old Trafford.