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Historic British bicycle brand Raleigh could enter administration

Historic British bicycle brand Raleigh could enter administration after Dutch parent Accell Group began insolvency proceedings. Accell received a ‘suspension of payments’ after concluding it could…

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Historic British bicycle brand Raleigh could enter administration
Historic British bicycle brand Raleigh could enter administration after Dutch parent Accell Group began insolvency proceedings. Accell received a ‘suspension of payments’ after concluding it could no longer meet its financial obligations.

Accell UK and Ireland - the Nottingham-based entity known as Raleigh UK - has now also filed a notice of intention to appoint administrators. This move gives the historic brand approximately 10 business days to restructure or find a buyer before entering full administration.

The crisis follows repeated attempts to stabilise the group after KKR’s €1.8bn takeover in 2022. Accell lost €390m in 2023, while Raleigh recorded a £30.1m pre-tax loss during the first year of KKR ownership. Accell says it will work with court-appointed administrators to preserve viable operations and jobs where possible.

Read more at Road.cc
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