Raleigh owner starts insolvency proceedings
Summary
The Dutch company Accell, which owns the famous bike maker Raleigh, has started legal steps for insolvency because it cannot pay its debts. Raleigh has faced financial troubles recently, including staff cuts and big losses.Key Facts
- Accell, based in the Netherlands, bought Raleigh for $100 million in 2012.
- Accell said it can no longer meet its financial responsibilities and began insolvency proceedings.
- Raleigh had £30 million in losses reported in 2025 accounts.
- The company made job cuts in 2024 during a difficult period.
- Raleigh was founded in Nottingham in 1887 and was once the largest bike maker in the world.
- Raleigh stopped making bikes in Nottingham many years ago and moved headquarters nearby in 2024.
- Accell’s CEO said all options to save the business were tried but none worked.
- The company aims to manage the insolvency process carefully to protect jobs and viable parts of the business where possible.
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