Stanton Bikes goes into administration
Stanton Bikes has announced it has called in administrators and is up for sale. The company is known for designing, manufacturing and selling both mountain bikes and gravel bikes, including the titanium Stanton Switchpath.
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Stanton, like many smaller bike manufacturers, was impacted by the global bike industry supply chain difficulties, leading to long wait times for bikes. Even though the company announced earlier this year that they were back on track with production, it has seemingly not been enough to keep the business running as before.
The company, founded by Dan Stanton in 2010, is now administrated by Dean Nelson, and Nick Lee, business recovery and insolvency partners at PKF Smith Cooper, since last Friday.
“We will be providing creditors with relevant information regarding the administration process to allow them to participate in proceedings. We are currently dealing with all enquiries. We will strive to achieve the best outcome for everyone involved at this difficult time,” Dean Nelson said.
Stanton Bikes’ business is continued under the supervision of the new joint administrators, while the company searches for a buyer.