Owner of Raleigh bikes files for insolvency after 139 years

Accell UK and Ireland, part of the Netherlands-based Accell Group, filed a notice of intention to appoint administrators. The company, which acquired Raleigh for around $100 million (£74 million) in 2012, has initiated insolvency proceedings in the Netherlands. Jonas Nilsson, chief executive of Accell Group, said: “This is a deeply sad and frustrating situation given…

Owner of Raleigh bikes files for insolvency after 139 years

Accell UK and Ireland, part of the Netherlands-based Accell Group, filed a notice of intention to appoint administrators. The company, which acquired Raleigh for around $100 million (£74 million) in 2012, has initiated insolvency proceedings in the Netherlands. Jonas Nilsson, chief executive of Accell Group, said: “This is a deeply sad and frustrating situation given…

Unclarity surrounding BFG Supply

Unclarity surrounds the status of North American greenhouse distributor BFG Supply, with a number of employees publicly announcing on LinkedIn that they are looking for new roles. With a history of more than 50 years, BFG Supply is one of the longest-standing brands in the North American horticultural industry. Only last month, the company…

Heliospectra declared bankrupt

Heliospectra AB filed for bankruptcy on July 27, 2026. The Gothenburg District Court approved the application later that day and declared the Swedish company bankrupt. As a result, Heliospectra’s shares have been delisted from the Nasdaq First North Growth Market. Christian Andersch, Attorney-at-Law at Setterwalls Advokatbyrå AB in Gothenburg, has been appointed as bankruptcy…

Heliospectra declared bankrupt

Heliospectra AB filed for bankruptcy on July 27, 2026. The Gothenburg District Court approved the application later that day and declared the Swedish company bankrupt. As a result, Heliospectra’s shares have been delisted from the Nasdaq First North Growth Market. Christian Andersch, Attorney-at-Law at Setterwalls Advokatbyrå AB in Gothenburg, has been appointed as bankruptcy…

UK construction firm enters administration after 70 years

Breyer Holdings Limited, based in Harold Hill, Romford, Essex, has appointed Dominik Thiel-Czerwinke and Jamie Taylor of BTG Begbies Traynor as joint administrators, according to a public notice posted on August 3. The company, which was founded in 1956 by Fred Breyer, operates under the divisions Breyer Roofing, Breyer Repar, and Breyer Renew. Breyer described…

UK construction firm enters administration after 70 years

Breyer Holdings Limited, based in Harold Hill, Romford, Essex, has appointed Dominik Thiel-Czerwinke and Jamie Taylor of BTG Begbies Traynor as joint administrators, according to a public notice posted on August 3. The company, which was founded in 1956 by Fred Breyer, operates under the divisions Breyer Roofing, Breyer Repar, and Breyer Renew. Breyer described…