Raleigh owner starts insolvency proceedings
Accell, based in the Netherlands, has owned the famous bike brand since 2012.
Accell, the Dutch company that owns Raleigh, has initiated insolvency proceedings according to reports. Raleigh, a British bicycle manufacturer founded in Nottingham in 1887, was purchased by Accell for $100 million in 2012. Although Accell recently secured additional funding from shareholders and lenders to reduce debts, it has exhausted all available options and is unable to meet financial obligations, according to Jonas Nilsson, Accell's chief executive.
The company had to vacate its headquarters in Eastwood in 2024 to move to new premises nearby. Raleigh faced redundancies in 2024 and losses of £30 million in the following year. Nilsson stated that every realistic option for the business's future has been explored, and none have resulted in a solution to continue the group in its current form.
The company's immediate focus is to support an orderly process and provide clarity while working with court-appointed administrators to preserve viable activities and employment where possible.
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