Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Chester-based bike seller up for sale

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

Local Post Office & Convenience Store
London, UK

This is a well established and well used local post office situated in a densely populated area of East London. The area surrounding the business is extremely busy through the week and weekends due to the travel links and leisure facilities close by.

Asking Price: Offers Invited
Turnover: £660,000

LEASEHOLD


Online Retailer Of Roof Windows & Lights
UK Wide

Offers an extensive selection of quality products, including pitched and flat roof windows, composite and uPVC windows and doors, and roofing products. Works with leading manufacturers to supply premium, branded products, many of which are exclusive...

Asking Price: Offers Invited
Turnover: £10,600,000

FREEHOLD


B2C E-Cigarette Brand with E-commerce
South England, UK Wide

The company has established a respected brand, offering an extensive selection of e-cigarettes, vapes, refills and accessories, with all ingredients, flavours and e-liquids being made the UK. Benefits from a loyal and long-standing customer base, pre...

Asking Price: Offers Invited
Turnover: £829,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Jan
 

Buyer sought for portfolio of pubs | BUSINESS SALE

Five pubs that formerly operated under the Authentic Alehous...

 
14
 
Jan
 

Acquisitive RSK Group completes trio of deals | BUSINESS SALE

Cheshire-based technical services consultancy RSK Group has ...

 
13
 
Jan
 

Heat transfer equipment manufacturer falls into administration | ADMINISTRATION

Coventry-based Covrad Heat Transfer has fallen into administ...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
06
 
May
 

Cheshire-based wholesaler goes into administration | ADMINISTRATION

Cheshire-based wholesaler Scott Brothers Limited (SBL) has g...

 
15
 
Apr
 

Bristol-based transport training company goes into liquidation | ADMINISTRATION

Bristol-based transport training course provider PB Transpor...

 
24
 
Mar
 

Halifax arts trust calls in administrators | ADMINISTRATION

The Square Chapel Trust and its subsidiary Square Trading Lt...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Daily Financial Alerts
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.