William Butler-Adams, who was appointed managing director of Brompton Bicycle in 2002 at the age of 28, has been awarded an Order of the British Empire, OBE, in the New Year’s honours, “for services to UK Manufacturing.”

The award comes as the firm posts a 28 per cent surge in sales last year when it peddled 44,755 of the cycles beloved of commuters.

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In accounts filed to Companies House, Brompton said pre-tax profits rose 42 per cent to £3.46million from £2.44million a year earlier.

Lorne Vary, Brompton’s finance director, said: ‘Particularly pleasing is the growth in exports across the 42 territories.’ Among the principal risks and uncertainties Brompton outlined in its accounts was competition from rivals selling folding bicycles.

Source: DailyMail