Accell Group insolvency and restructuring process

Raleigh owner starts insolvency proceedings

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Accell was forced to hand over the business to creditors.

In February, Accell was forced to hand over the business to a group of undisclosed European banks and investors. The company's chief executive, Jonas Nilsson, described the situation as deeply sad and frustrating, noting that every realistic option to continue the group in its current form had been explored without a resulting solution.

Nilsson stated that the immediate focus would be to support an orderly process and work with court-appointed administrators to preserve viable activities and employment where circumstances allow.

Raleigh suffered losses of £30 million according to released accounts.

In accounts released in 2025, the Raleigh bicycle brand reported losses of £30 million. The fate of the brand, which maintains offices in Nottinghamshire, is set to be determined by administrators.

The brand has been owned by the Netherlands-based Accell since 2012, ending 125 years of British ownership.

Accell was acquired by the US private equity firm KKR in a buyout.

In 2022, the US private equity firm KKR acquired Accell in a buyout valued at €1.4 billion (£1.2 billion).