Cycling clothing company CHPT3 has entered liquidation and immediately ceased trading.
The firm, founded by ex-pro David Millar, recently shared a short statement via its website confirming the company’s situation.
“The directors of CHPT3 Limited have instructed Wilson Field Limited to assist in the formalities of a Creditors Voluntary Liquidation,” the statement read. “The Company has now ceased to trade. Creditors will be contacted by Wilson Field Limited in due course.”
News of the firm’s collapse further underlines the turbulant nature of the wider cycling industry.
Just three weeks ago, staff at British retailer i-ride and its bike brand Orro were made redundant, with the parent company of both, the Martlett Group,…
