Dean Nelson and Nick Lee, our Business Recovery and Insolvency Partners, were appointed Joint Administrators of Derbyshire-based bicycle manufacturer and retailer Stanton Bikes Limited on Friday 11th November 2022. The appointment was made following a petition to the court by a creditor.
Stanton Bikes Limited has developed both a national and international reputation in the biking industry for designing, manufacturing and selling hardtail and full suspension bicycle frames.
Trading of the business is being continued, under the supervision of the Joint Administrators, whilst a purchaser is sought for either the shares or the business and assets. Should this business be of interest to you, please do not hesitate to contact the Joint Administrators by calling 01332 332021 or emailing [email protected].
Dean Nelson, Business Recovery and Insolvency Partner at PKF Smith Cooper, commented: “We will be providing creditors with relevant information regarding the administration process to allow them to participate in proceedings. We are currently dealing with all enquiries. We will strive to achieve the best outcome for everyone involved at this difficult time.”
If your business is experiencing financial issues, contact us today for confidential advice and support from our expert Business Recovery and Insolvency team. Prevention is always better than cure — the sooner you act, the more rescue and restructure options you will have.