Historic coin company enters administration after 20 years

The London Mint Office, which distributes commemorative coins and medals, appointed administrators on July 31 after 20 years in business. The company’s website now displays a message confirming the appointment of Michael Magnay and Jonny Marston of Alvarez & Marsal Europe LLP as joint administrators. A spokesman for Alvarez and Marsal said: “On July 31…

UK furniture company enters administration after 8 years

It operates a store in Buntingford and sells to customers across the UK through its website. The company, incorporated in June 2018, had built a positive reputation with a 4.2-star rating from 149 reviews on Trustpilot. Many customers praised its “excellent” products, service, and efficient delivery. Furneo falls into administration after 8 years Despite favourable…

UK furniture company enters administration after 8 years

Furneo is a family business offering “quality furniture at affordable prices”. It operates a store in Buntingford and sells to customers across the UK through its website. The company, incorporated in June 2018, had built a positive reputation with a 4.2-star rating from 149 reviews on Trustpilot. Many customers praised its “excellent” products, service, and…

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Haibike, LaPierre parent company begins insolvency proceedings

File photo: Gerow Yesterday, European bike conglomerate Accell Group announced that the company has initiatedlocal insolvency proceedings in the Netherlands. The company, which claims to be “the European market leader in e-bikes and second largest in bicycle parts and accessories,” is “no longer able to meet its financial obligations.” Accell Group operates multiple bike brands…

EXEC: Cycling Giant Accell Group Files for Insolvency

Accell Group has filed for insolvency just months after U.S. private-equity giant Kohlberg Kravis Roberts & Co. (KKR) lost its equity investments following a $1.8 billion pandemic-era purchase of the Dutch company. The owner of bike brands, including Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe, and Carqon, said it was no longer able…