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Raleigh owner files for insolvency with UK bikemaker at risk. Raleigh is 139 years old, having been founded in Nottingham in 1887. (Image: PA) The company responsible for iconic British bikemaker Raleigh has filed for administration. Accell UK and Ireland, part of the Netherlands-based Accell Group, filed a notice of intention to appoint administrators as the wider group kick-started insolvency proceedings. The company bought Raleigh in 2012 for around 100 million US dollars (£74 million), adding to its roster of bike brands throughout Europe including Haibike, Winora and Ghost. The 139-year-old British bikemaker was founded in Nottingham in 1887 and became well-known for its Chopper model, which featured extended handlebars and is now part of its "retro" range. Raleigh was bought by the Netherlands-based Accell Group in 2012. (Image: PA) Chief executive of Accell Group, Jonas Nilsson, said: "This is a deeply sad and frustrating situation given all the hard work and everything we have achieved, with the support of shareholders and lenders, to restructure Accell's operations and finances. "It is an especially difficult moment for our employees, creditors, customers, suppliers, and partners." Although Raleigh no longer manufactures bicycles in Nottingham, its head office is now based in Eastwood, Nottinghamshire. Under Accell's ownership, the brand shifted focus to electric bikes. Readers vote. Have you ever owned a Raleigh bike? Raleigh owner Accell Group files for administration. Earlier this year, Accell restructured, secured additional funding, and reduced debt. But the group said it had now "explored every possible avenue" for the business's future, including discussions with potential buyers. Having failed to secure a viable solution, the company has now begun insolvency proceedings in the Netherlands. Mr Nilsson said: "Every realistic option for the future of the business has been tirelessly explored, and none have resulted in a solution to continue the Group in its current form. "Our immediate focus is to support an orderly process, provide clarity wherever possible, and work with the relevant court-appointed administrators to preserve viable activities and employment where circumstances allow." What Happens When a Company Goes Into Administration? Other major UK companies that have closed or entered administration/liquidation in 2026. It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures. Major high street brands LK Bennett, Claire's, and Quiz have been forced to close all their remaining stores after falling into administration. UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation. Whitbread recently confirmed it will be closing all its UK restaurants in September: * Brewers Fayre (89 locations) - September 7 * Beefeater (106) - September 10 * Bar + Block - September 3 * Table Table - September 3 * Cookhouse + Pub - September 3 TG Jones and the British Heart Foundation will also both be closing around 150 stores across the UK. Other retailers have been forced to close stores this year, including: Several UK travel companies have also ceased trading or entered administration in 2026: Meanwhile, four UK airlines have fallen into administration or liquidation: * Ascend Airways (liquidation) * EcoJet Airlines (liquidation) * Zenith Aviation Limited (administration) * European Cargo (administration) It's also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs. RECOMMENDED READING: It hasn't all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug. Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores. Have you ever owned a Raleigh bike? Let us know in the poll above or in the comments below. More Stories

UK demolition company enters administration after 23 years. A UK demolition company with decades of industry experience has fallen into administration. Forshaw Demolition is a family-owned business that has operated for 23 years and boasts more than 80 years of combined experience. It provides services such as asbestos removal, industrial decommissioning, and the dismantling of concrete and steel structures, including road and rail bridges. The company also delivers residential, city centre, and high-rise demolition projects. The Forshaw website explains that the company takes on schemes right across the UK, usually valued between £10,000 and £2 million. Forshaw Demolition enters administration after 23 years. Now, after 23 years in business, Forshaw Demolition has fallen into administration. Richard Cole, Stephen Kenny, and Amy Lowden from KBL Advisory Limited were appointed joint administrators on July 24, according to The Gazette. When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com. Companies House adds: "When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. This may be to rescue a viable business that is insolvent due to cashflow problems. "An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process." Keep Watching What happens when a company goes into administration? A statutory moratorium is put in place once a company enters administration, giving it "breathing space" to allow for financial restructuring plans to be drawn up free from creditor enforcement actions. A company can continue to trade while in administration, but daily management and control are handed over to the administrators. Companies House continues: "Within 8 weeks it is the administrators' role to formulate administration proposals. "Creditors are then asked to vote by a decision procedure to approve the administrators' proposals. "If the administration involves a sale of all or part of the company's business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority." Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension. Through administration, a company can be: * Rescued and passed back to the directors * Enter liquidation * Be dissolved Other UK companies that have closed or entered administration/liquidation in 2026. It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures. Major high street brands LK Bennett, Claire's, and Quiz have been forced to close all their remaining stores after falling into administration. UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation. Whitbread recently confirmed it will be closing all its UK restaurants in September: * Brewers Fayre (89 locations) - September 7 * Beefeater (106) - September 10 * Bar + Block - September 3 * Table Table - September 3 * Cookhouse + Pub - September 3 TG Jones and the British Heart Foundation will also both be closing around 150 stores across the UK. Other retailers have been forced to close stores this year, including: Several UK travel companies have also ceased trading or entered administration in 2026: Meanwhile, four UK airlines have fallen into administration or liquidation: * Ascend Airways (liquidation) * EcoJet Airlines (liquidation) * Zenith Aviation Limited (administration) * European Cargo (administration) It's also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs. RECOMMENDED READING: It hasn't all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug. Meanwhile, brands including Evans and Bodycare have returned to the UK high street this year after previously closing all their stores. Which business/store closure in 2026 has impacted you the most? Let us know in the comments below. More Stories

UK construction firm collapses into administration. Agile Property and Homes has fallen into administration following increasing costs for the industry (Image: Getty) A UK construction company which builds low-carbon and modular homes has gone into administration. Agile Property and Homes, based in Oxfordshire with offices also in Bristol, specialises in affordable housing "while minimising environmental impacts." The company, which has been in operation since 2019, appointed administrators on July 6, The Gazette says. Agile Property and Homes builds homes using natural and renewable materials such as timber and straw. What Happens When a Company Goes Into Administration? UK construction company goes into administration. The company says on its website: "We use Zero Waste manufacturing processes, all the materials used in our homes can be re-used and recycled. "We will reduce waste during construction on site to a minimum, in operation and over the lifetime of every project." Houses built by the company range from one to 3.5 storeys and they can be "designed as a traditional home or as an innovative, contemporary home". Back in June, The Telegraph reported the company was heading towards administration, with Andy Pear, one of the proposed (now assigned) administrators at Moorfields, saying Agile had various financial pressures which have been affecting the wider industry, such as increasing build costs. Discussions with a potential buyer were underway, but administrators have now been brought in. UK high street shops that no longer exist. In its latest accounts on Companies House - for the year to June 30, 2025 - it listed creditors falling within one year of £1,862,792 and debtors of £259,636. Newsquest has contacted Agile Property and Homes for comment. Other UK companies that have closed or entered administration/liquidation in 2026. It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures. Major high street brands LK Bennett, Claire's, and Quiz have been forced to close all their remaining stores after falling into administration. UK fashion retailer Leading Labels is also set to close its remaining 15 stores after falling into liquidation. TG Jones will also be closing 150 stores across the UK as part of a "restructuring" plan approved by the High Court on Wednesday (July 1). Other retailers have been forced to close stores this year, including: Several UK travel companies have also ceased trading or entered administration in 2026: Luxury UK holiday company Salamander Voyages shut down back in April after entering administration. Meanwhile, four UK airlines have fallen into administration or liquidation: * Ascend Airways (liquidation) * EcoJet Airlines (liquidation) * Zenith Aviation Limited (administration) * European Cargo (administration) UK delivery company Yodel is set to be phased out over the coming months after being acquired by InPost. Recommended reading: It's also been reported that Morrisons is looking to sell some of its in-store pharmacies as it continues to cut costs. It hasn't all been bad news for the UK high street, with several major brands announcing new store openings for 2026, including Aldi, M&S, and Superdrug. Plus-size clothing brand Evans also returned to the UK high street recently after closing all its stores and concessions in December 2020. Which company/store closure in 2026 has impacted you the most? Let us know in the comments below. More Stories