Why Shop at Valecycles
Have you ever shopped at the following stores:
Raleigh
Wiggle
Chain reaction cycles
Halfords (Tredz, Wheelies)
Decathlon
Evans cycles
As a independent Bicycle store over the past 10 plus years of trading we would like to highlight how YOUR hard earned money is spent when you buy a bike online or in store from the below traders in the uk.
Raleigh has announced job losses will be made and confirmed its move from its Nottinghamshire headquarters, according to reports. Iconic bike manufacturer Raleigh has reportedly announced a restructuring plan which will see some staff made redundant and finalize the move away from its current Nottinghamshire base on Church Street, Eastwood.
Raleigh's parent company Accell told ITV the move reflected challenging market conditions, with formal consultations now underway. Its parts and accessories business would close under the proposals, and its warehousing and logistics department would be contracted out to an external company.
Accell has reasserted the brand would still be based in Nottinghamshire, although it has not disclosed where its new HQ will be set up. It is not clear how many jobs will be cut - in 2019 the firm employed 100 employees at the Eastwood assembly centre.
Accell Group N.V. is a bicycle company based in Heerenveen, Netherlands
Online Wiggle Chain Reaction Cycles, the cycling, running and swimming ecommerce giant, has entered administration, meaning that the direct running of the business has been handed over to administrators appointed by the court.
In a statement, the administrators have said they are preparing to sell the business, writing, "The group has a quality stable of brands and a leading market position, so we expect there to be interest and encourage potential buyers to come forward."
At present, all staff of WiggleCRC have been retained by the administrators.
SIGNA Holding, the parent company of SSU, terminated €150m funding. It wasn't clear whether SSU would be able to continue.
Under increased pressure from above, Wiggle CRC faced trouble. The brand had previously stated that Wiggle CRC "relies on funding from its shareholder, Signa Sports United GmbH."
Subsequently, rumours emerged last week that the brand would enter self-administration, wherein the business could reorganise its finances itself under the same protection from creditors.
Signa was founded in 2000 by the Tyrolean entrepreneur René Benko. Over the years, it has become a pan-European real estate group with more than 150 employees
Halfords owns: Tredz and Wheelies:
The joint business of Tredz and Wheelies of Wales has been acquired by Halfords. Founded and owned by brothers Keith and Michael Jones the bike shop and insurance replacement business employs 250 people. The businesses – which had a turnover of £32m in 2016 – will continue to trade with their existing names, and will be led by Keith Jones as group managing director.
Halfords Group plc is a United Kingdom-based provider of motoring and cycling products and services. The Company operates through two segments: Retail and Car Servicing. The operations of the Retail segment comprise the retailing of automotive, leisure and cycling products and services through retail stores and online platforms. The operations of the Car Servicing segment comprise car servicing and repair performed from garages and vans. The Company has an approximately 393 Halfords Retail and two Performance Cycling stores offering a wide range of motoring and cycling products and on demand services. It has an approximately 643 garages offering MOT, service, maintenance and repair services. It has approximately 264 mobile service vans, 479 Commercial vans and five Cycling vans. The Company's product categories include motoring products, mainstream cycling products and performance cycling products. Its services include retail motoring, retail cycling and auto centers/mobile expert.
86 percent company owned by the below Shareholders
Name Equities % Valuation
FIL Investment Advisors (UK) Ltd. 16,137,032 7.371 % 39 M p
Schroder Investment Management Ltd. 13,272,225 6.062 % 32 M p
Jupiter Asset Management Ltd. 12,887,711 5.887 % 31 M p
Janus Henderson Investors UK Ltd. 11,195,199 5.114 % 27 M p
Polaris Capital Management LLC 9,899,020 4.522 % 24 M p
JPMorgan Asset Management (UK) Ltd. 9,080,917 4.148 % 22 M p
J.O. Hambro Capital Management Ltd. 8,077,974 3.690 % 20 M p
The Vanguard Group, Inc. 7,580,753 3.463 % 18 M p
BlackRock Investment Management (UK) Ltd. 7,225,383 3.300 % 17 M p
Norges Bank Investment Management 7,207,385 3.292 % 17 M p
Decathlon - (French owners - Didier Decramer, Stéphane Delesalle, Nicolas Dubrulle, Stanislas Ernoult, Hervé Valentin, Benoit Poizat and Michel Leclercq)
According to Decathlon's website, the company registered sales of 11.4 billion euros ($12.9 billion). The Mulliez family, which also owns the Auchan supermarket chain, owns the majority shareholding in Decathlon.
Evans cycles (owned by Fraser group and Sports direct)
In August 2016, Sports Direct admitted breaking the law and agreed to disburse unlawfully withheld wages totaling about £1m to the affected workers. As of March 2017, some Sports Direct workers were yet to receive backpay for their time worked, because of a disagreement regarding how contracts changing between employment agencies should be handled. In November 2016, six MPs from the Business and Skills Committee visited Sports Direct, and reported that while there, Sports Direct attempted to place them under surveillance. In February 2017, it was reported that Sports Direct had failed to inform its workforce of a data breach of their personal information after an attacker gained access to its internal systems in September 2016. The Information Commissioner's Office stated it was aware of "an incident from 2016 involving Sports Direct" and would "be making enquiries."
The company announced on 16 December 2019 that it would change its name from Sports Direct International plc to Frasers Group plc effective from 17 December 2019.
It was announced in September 2021 that Michael Murray was to be the incoming CEO of Frasers Group, taking over Ashley's role, in May 2022.
In July 2022, chief operating officer David Al-Mudallal announced in a memo that the company will stop allowing its office staff to work from home on Fridays, as had been practice for the last few years. The reason behind this decision was that many workers did not take working from home seriously enough and were often non-contactable.
It is the first of two letters the registrar would have to write to inquire whether a company is still in operation before striking it off the register.
Mike Ashley’s private investment firm Mash Holdings could be struck off after failing to file its accounts.
Companies House has issued Mash Holdings with a notice, threatening to strike off Ashley’s private investment vehicle for failing to submit its accounts by its April 26 deadline.
The missing accounts should cover the year to April 26, 2021.
Mash Holdings has a large holding in Frasers Group, which Ashley founded as Sports Direct in 1982
The FTSE 250 group’s chains include Sports Direct, House of Fraser, Evans Cycles and Flannels, Jack Wills and Game.
It is not the first time Ashley has run into trouble over accounts. The High Court ruled against Sports Direct in 2018 over a request by the Financial Reporting Council to hand over documents the company said were confidential as part of its inquiry into the conduct of Grant Thornton, the firm that audits the company’s accounts.
The company was accused of “obfuscation” and “obstruction” in its approach to the regulator’s investigation.
Mash Holdings’ accounts for the year to April 2020 show Ashley’s interest in Newcastle United football club, which he bought for £135 million in 2007 and sold in October 2021.
Raleigh
Wiggle
Chain reaction cycles
Halfords (Tredz, Wheelies)
Decathlon
Evans cycles
As a independent Bicycle store over the past 10 plus years of trading we would like to highlight how YOUR hard earned money is spent when you buy a bike online or in store from the below traders in the uk.
Raleigh has announced job losses will be made and confirmed its move from its Nottinghamshire headquarters, according to reports. Iconic bike manufacturer Raleigh has reportedly announced a restructuring plan which will see some staff made redundant and finalize the move away from its current Nottinghamshire base on Church Street, Eastwood.
Raleigh's parent company Accell told ITV the move reflected challenging market conditions, with formal consultations now underway. Its parts and accessories business would close under the proposals, and its warehousing and logistics department would be contracted out to an external company.
Accell has reasserted the brand would still be based in Nottinghamshire, although it has not disclosed where its new HQ will be set up. It is not clear how many jobs will be cut - in 2019 the firm employed 100 employees at the Eastwood assembly centre.
Accell Group N.V. is a bicycle company based in Heerenveen, Netherlands
Online Wiggle Chain Reaction Cycles, the cycling, running and swimming ecommerce giant, has entered administration, meaning that the direct running of the business has been handed over to administrators appointed by the court.
In a statement, the administrators have said they are preparing to sell the business, writing, "The group has a quality stable of brands and a leading market position, so we expect there to be interest and encourage potential buyers to come forward."
At present, all staff of WiggleCRC have been retained by the administrators.
SIGNA Holding, the parent company of SSU, terminated €150m funding. It wasn't clear whether SSU would be able to continue.
Under increased pressure from above, Wiggle CRC faced trouble. The brand had previously stated that Wiggle CRC "relies on funding from its shareholder, Signa Sports United GmbH."
Subsequently, rumours emerged last week that the brand would enter self-administration, wherein the business could reorganise its finances itself under the same protection from creditors.
Signa was founded in 2000 by the Tyrolean entrepreneur René Benko. Over the years, it has become a pan-European real estate group with more than 150 employees
Halfords owns: Tredz and Wheelies:
The joint business of Tredz and Wheelies of Wales has been acquired by Halfords. Founded and owned by brothers Keith and Michael Jones the bike shop and insurance replacement business employs 250 people. The businesses – which had a turnover of £32m in 2016 – will continue to trade with their existing names, and will be led by Keith Jones as group managing director.
Halfords Group plc is a United Kingdom-based provider of motoring and cycling products and services. The Company operates through two segments: Retail and Car Servicing. The operations of the Retail segment comprise the retailing of automotive, leisure and cycling products and services through retail stores and online platforms. The operations of the Car Servicing segment comprise car servicing and repair performed from garages and vans. The Company has an approximately 393 Halfords Retail and two Performance Cycling stores offering a wide range of motoring and cycling products and on demand services. It has an approximately 643 garages offering MOT, service, maintenance and repair services. It has approximately 264 mobile service vans, 479 Commercial vans and five Cycling vans. The Company's product categories include motoring products, mainstream cycling products and performance cycling products. Its services include retail motoring, retail cycling and auto centers/mobile expert.
86 percent company owned by the below Shareholders
Name Equities % Valuation
FIL Investment Advisors (UK) Ltd. 16,137,032 7.371 % 39 M p
Schroder Investment Management Ltd. 13,272,225 6.062 % 32 M p
Jupiter Asset Management Ltd. 12,887,711 5.887 % 31 M p
Janus Henderson Investors UK Ltd. 11,195,199 5.114 % 27 M p
Polaris Capital Management LLC 9,899,020 4.522 % 24 M p
JPMorgan Asset Management (UK) Ltd. 9,080,917 4.148 % 22 M p
J.O. Hambro Capital Management Ltd. 8,077,974 3.690 % 20 M p
The Vanguard Group, Inc. 7,580,753 3.463 % 18 M p
BlackRock Investment Management (UK) Ltd. 7,225,383 3.300 % 17 M p
Norges Bank Investment Management 7,207,385 3.292 % 17 M p
Decathlon - (French owners - Didier Decramer, Stéphane Delesalle, Nicolas Dubrulle, Stanislas Ernoult, Hervé Valentin, Benoit Poizat and Michel Leclercq)
According to Decathlon's website, the company registered sales of 11.4 billion euros ($12.9 billion). The Mulliez family, which also owns the Auchan supermarket chain, owns the majority shareholding in Decathlon.
Evans cycles (owned by Fraser group and Sports direct)
In August 2016, Sports Direct admitted breaking the law and agreed to disburse unlawfully withheld wages totaling about £1m to the affected workers. As of March 2017, some Sports Direct workers were yet to receive backpay for their time worked, because of a disagreement regarding how contracts changing between employment agencies should be handled. In November 2016, six MPs from the Business and Skills Committee visited Sports Direct, and reported that while there, Sports Direct attempted to place them under surveillance. In February 2017, it was reported that Sports Direct had failed to inform its workforce of a data breach of their personal information after an attacker gained access to its internal systems in September 2016. The Information Commissioner's Office stated it was aware of "an incident from 2016 involving Sports Direct" and would "be making enquiries."
The company announced on 16 December 2019 that it would change its name from Sports Direct International plc to Frasers Group plc effective from 17 December 2019.
It was announced in September 2021 that Michael Murray was to be the incoming CEO of Frasers Group, taking over Ashley's role, in May 2022.
In July 2022, chief operating officer David Al-Mudallal announced in a memo that the company will stop allowing its office staff to work from home on Fridays, as had been practice for the last few years. The reason behind this decision was that many workers did not take working from home seriously enough and were often non-contactable.
It is the first of two letters the registrar would have to write to inquire whether a company is still in operation before striking it off the register.
Mike Ashley’s private investment firm Mash Holdings could be struck off after failing to file its accounts.
Companies House has issued Mash Holdings with a notice, threatening to strike off Ashley’s private investment vehicle for failing to submit its accounts by its April 26 deadline.
The missing accounts should cover the year to April 26, 2021.
Mash Holdings has a large holding in Frasers Group, which Ashley founded as Sports Direct in 1982
The FTSE 250 group’s chains include Sports Direct, House of Fraser, Evans Cycles and Flannels, Jack Wills and Game.
It is not the first time Ashley has run into trouble over accounts. The High Court ruled against Sports Direct in 2018 over a request by the Financial Reporting Council to hand over documents the company said were confidential as part of its inquiry into the conduct of Grant Thornton, the firm that audits the company’s accounts.
The company was accused of “obfuscation” and “obstruction” in its approach to the regulator’s investigation.
Mash Holdings’ accounts for the year to April 2020 show Ashley’s interest in Newcastle United football club, which he bought for £135 million in 2007 and sold in October 2021.