Raleigh Owner Starts Insolvency Proceedings Amid Financial Missteps The iconic Nottingham bicycle manufacturer, Raleigh, has been a stalwart of British industry for over a century.
Founded in 1887 by Woodhead and his sons, it was once the largest bike maker in the world, employing over 8,000 people at its peak.
However, beneath its storied facade lies a complex web of financial missteps and strategic blunders that have ultimately led to the initiation of insolvency proceedings by Accell, the Dutch parent company.