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The job losses suggest the company has yet to find new ownership
Popular children's bike brand insists "all parties are committed to securing a positive outcome for the business" and remain hopeful of attracting investment
In February, Frog Bikes said "the day to day issues in fulfilling orders have dominated most of our trade relationships with the EU", but the bike brand has now spoken of being able to "envision expanded exports to countries like Singapore and Canada"
Administrators of business say that it is proving “incredibly attractive” to potential buyers as sale process continues
Award-winning wall-mounted bike storage firm says current trading environment left it with “no choice”
The Preston-based bike retailer cited supply chain disruption and lead time uncertainty post-pandemic and Brexit as reasons behind its "challenging" year, and has restructured while taking on additional funding from investors
"The day to day issues in fulfilling orders have dominated most of our trade relationships with the EU"
Speaking at length, Will Butler-Adams also commented on urban mobility, saying "it's not sensible to carry a human five miles in a two-tonne metal box"
The German brand has made permanent reductions to numerous models such as the Aeroad, Grail and Ultimate, telling road.cc it has "...been able to reduce the cost of importing bikes to the UK" and pass on the savings
The London-based wall-mounted bike storage manufacturer attracted 50% of its business from the EU pre-Brexit and has been left with a £100,000 hole in revenues