Iconic British bike brand Raleigh could be set to enter administration after its parent company began insolvency proceedings this week, following a turbulent few years for the historic Nottingham-based company and its owners. That notice of intention means Raleigh has around 10 business days to restructure or sell up before entering full administration. Meanwhile, like many other bike brands in the early 2020s, KKR underestimated the Covid-era overstock of other parts, leading to heavy discounting and falling revenues. However, financial uncertainty continued to plague the company, which earlier this year sold its titanium frame brand Van Nicholas to Italian cargo bike company Velo-ce, and its Nishiki bike brand to Turkey-based Kron Bicycle. However, that takeover fell through, for reasons still unknown, leaving Accell – and one of the most historic bike brands in the world – on the brink.