Raleigh brand files for administration in UK

The historic British bicycle brand Raleigh is set to enter administration after its parent company, the Netherlands-based Accell Group, announced it could not solve its financial problems. A notice of intention to appoint administrators was filed for Accell UK and Ireland Ltd., the subsidiary that owns the Raleigh brand, on Wednesday, August 5, 2026. The move initiates insolvency proceedings for the 139-year-old company, which was founded in Nottingham in 1887 and became famous for its iconic Chopper model in the 1970s.

Accell Group, one of Europe's largest bicycle sellers, stated that despite extensive restructuring efforts, securing additional funding, and reducing debt earlier this year, it had explored every possible avenue for the business's future without finding a viable solution. The company said initiating local insolvency proceedings for its relevant subsidiaries was the necessary next step. The notice of intention provides a 10-day period of protection from creditor action to explore rescue options.

Jonas Nilsson, chief executive of Accell Group, described the situation as deeply sad and frustrating, acknowledging the hard work undertaken to restructure operations and...