![\"Raleigh](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/08\/1_JAJ_TEM_200623Chopper_009JPG.jpg\")
<\/p>\nIt once employed thousands of people in Nottinghamshire<\/p>\n
Raleigh’s Chopper is iconic but the Nottinghamshire business had suffered multi-million-pound losses in recent years(Image: Joseph Raynor\/ Nottingham Post)<\/p>\n
Historic Nottinghamshire firm Raleigh <\/a>is set to enter administration after the Dutch company that owns the iconic brand announced it could not solve its financial problems<\/a>.<\/p>\n The well-known bike manufacturer, which was once the world’s largest and helped define the 1970s with its iconic Chopper <\/a>models, will likely be placed into administration <\/a>after its parent company announced it could no longer meet its financial obligations.<\/p>\n Established in 1887 in Nottingham, Raleigh <\/a>was purchased by Netherlands-based Accell Group for around \u20ac60 million in 2012. It was renamed Accell UK & Ireland Ltd last year.<\/p>\n On Wednesday, August 5, Accell – which is one of Europe’s largest bike sellers – said that despite extensive efforts to restructure it had not found a viable way to continue operations and that “initiating local insolvency proceedings of the relevant group subsidiaries is the necessary next step”.<\/p>\n A Notice of Intention (NOI) to appoint an administrator was filed for Eastwood-based Accell UK & Ireland Ltd (formerly Raleigh) on the same day.<\/p>\n An NOI is a document filed at court, stating a company\u2019s intention to appoint administrators in an attempt to save the business from liquidation.<\/p>\n The measure helps businesses by temporarily halting existing or pending creditor action, giving the business 10 days of protection so it can look at rescue options.<\/p>\n Jonas Nilsson, CEO of Accell Group, said: \u201cThis is a deeply sad and frustrating situation given all the hard work and everything we have achieved, with the support of shareholders and lenders, to restructure Accell\u2019s operations and finances.<\/p>\n “It is an especially difficult moment for our employees, creditors, customers, suppliers, and partners.<\/p>\n “Every realistic option for the future of the business has been tirelessly explored,and none have resulted in a solution to continue the group in its current form.<\/p>\n “Our immediate focus is to support an orderly process, provide clarity wherever possible, and work with the relevant court-appointed administrators to preserve viable activities and employment where circumstances allow.\u201d<\/p>\n The group added it would share more information once it becomes available. The Nottingham Post has approached Accell for comment on what the move will mean for its Nottinghamshire employees and the Raleigh brand.<\/p>\n While Raleigh was once an industrial behemoth, recent redundancies and its parent firm’s restructurings have taken a toll.<\/p>\n Accell UK & Ireland recorded a loss before tax of more than \u00a330 million in its most recent financial accounts – which cover 2023 – and at that time the company employed an average of 130 people.<\/p>\n