Accell Begins Insolvency Proceedings After Raleigh Owner Exhausts Options on $100 Million 2012 Deal
Updated
Updated · bbc.co.uk · Aug 6
Accell Begins Insolvency Proceedings After Raleigh Owner Exhausts Options on $100 Million 2012 Deal
3 articles · Updated · bbc.co.uk · Aug 6
Summary
Accell said Wednesday it can no longer meet its financial obligations and has started insolvency proceedings after failing to find a way to continue the group in its current form.
The Dutch owner of Raleigh said it had exhausted all realistic restructuring options and is now working with court-appointed administrators to preserve viable activities and jobs where possible.
£30 million in losses, disclosed in Raleigh accounts released in 2025, followed a difficult stretch that also included redundancies in 2024.
Raleigh, founded in Nottingham in 1887 and once the world’s biggest bicycle maker with about 8,000 workers at its peak, was bought by Accell for $100 million in 2012.