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Birmingham Post

Business

Tom Pegden

Future of mountain bike builder Stanton Bikes secured

PKF Smith Cooper Derbyshire

A mountain bike maker which went into administration last autumn has been bought out by a new company set up by its founder.

Derbyshire-based bike manufacturer and retailer Stanton Bikes bought in administrators from PKF Smith Cooper on Friday, November 11.

A statement of affairs for Stanton Bikes Ltd published on Companies House suggests it was in the red to the tune of £2.145 million when administrators were called in. However it was able to continue trading while a buyer was sought.

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