Chester-based bike seller up for sale

Thu, 26 Apr 2018 | ADMINISTRATION

A firm based near Chester that sells bicycles and cycling accessories has called in the administrators with the aim of finding a new owner for the company.

Global Adventure Sport, founded in Tattenhall, near Chester, has appointed Patrick Lannagan and Conrad Pearson from Manchester firm Mazars to oversee the administration.

Though the firm’s creditors are hoping for a sale of property and assets in order to settle up matters, the administrators are prioritising selling on the company as a going concern.

A statement on Mazars’ website says: “Offers are invited from interested parties who are seeking to purchase the business, website/domain-name and assets as a whole in the first instance.

“In the event that no purchaser is sought, the assets will be auctioned by our agents in due course.”

Global Adventure Sport stopped trading earlier this year but still kept its cycle-selling website - globalbike.co.uk - alive and selling to customers from its leasehold offices and custom retail space in Tattenhall, which had recently benefited from a number of improvements.

The company’s main assets, say the administrators, are its “mature online presence” - which generates 60 per cent of its sales - and stock held.

The firm was established in 2009, selling cycles, accessories and parts and one of the UK’s largest dealers of several specialist brands, including Ghost Bikes, Lapierre and Nukeproof. It started as a family-run business started up by James Cooper, a mechanic, and his relatives.

The company also sponsored the WD40 Velocity indoor cycle race team in the 2013, when they rode Kona bikes that they provided.

A sign on the door of Global Bike’s offices simply reads: “Global Adventure Sports Limited in administration. Any queries to Mazars LLP”.


Share this article



Latest Businesses for Sale

Hardware & DIY
Derbyshire, Yorkshire and the Humber, UK

Very busy hardware and DIY store situated in the centre of this busy small town in Derbyshire – substantial freehold property which offers spacious retail and ancillary space together with super family accommodation. Offers invited.

Asking Price: £450,000
Turnover: £360,000

LEASEHOLD


Licensed Convenience Shop
Newcastle, Yorkshire and the Humber, UK

This is one of the best convenience stores seen for some time – the premises have been fitted and equipped to the highest of standards more usually associated with the corporate national traders. Offers invited.

Asking Price: Offers Invited
Turnover: £912,000

LEASEHOLD


News & Convenience
Dudley, Yorkshire and the Humber, UK

Superbly fitted news and convenience store which has been in the same hands for over 20 years and has proved itself to be a highly profitable business for our clients who have earned a very good living indeed. Offers invited.

Asking Price: Offers Invited
Turnover: £384,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
Aug
 

Egg supplier enters administration | ADMINISTRATION

Egg producer Blackdown Hills Enterprises Limited has been pl...

 
17
 
May
 

London exteriors firm up for sale after administration | ADMINISTRATION

Both the business and assets belonging to a London-based con...

 
05
 
Jul
 

Buyer sought for construction machinery supplier in administration | ADMINISTRATION

A buyer is being sought for a construction machinery supplie...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources