Accell UK and Ireland, the British subsidiary of the Netherlands-based Accell Group, has filed a notice of intent to appoint administrators for Raleigh.
The move marks a significant shift for the Nottinghamshire-based bicycle manufacturer, which traces its origins back 139 years.
The filing indicates that the company is seeking formal insolvency protection to manage its financial obligations.
Administrators will now take control of the business to evaluate options, which typically include attempting to sell the business as a going concern or managing an orderly wind-down.
This development underscores the ongoing pressures facing traditional bicycle manufacturers in the UK market.
While the broader Accell Group remains operational in the Netherlands, the decision to place the UK entity into administration suggests localized financial distress that could impact supply chains and retail partners.