Planet X is based at Ignite Business Park, Magna Way, and designs and builds award-winning performance bikes, selling worldwide to riders online, by telephone and through boutique retail outlets in Sheffield, Barnsley, Ireland and Oregon, in the USA.
The company is one of the fastest growing in the Sheffield City Region and is growing thanks to a combination of innovation, quality and service and by harnessing the skills and talents of the region.
Planet X describes itself as “passionate about bikes and cycling”.
“We believe in the positive power of cycling and we have allied that passion with a highly professional approach to business. The effectiveness of this combination is evident through very strong financial and physical growth, the creation of jobs and a commitment to further innovation,” says the company.
Planet X’s competitive model, coupled with its innovative, high-quality products and the growing popularity of cycling in the UK has led to strong sales growth.
Turnover more than doubled from £5.2 million to £11.2 million last year and growth has continued apace this year, with like-for-like sales up by 100 per cent.