Sturmey Archer will be liquidated

[Uploaded to BikeBiz.co.uk on 5th October]

And as theres no likelihood of a Lenark cash injection, Robinson has decided to let the company be liquidated. The application for an administration order has been withdrawn.

The liquidation will go ahead on Monday, allowing parts of the company to be bought (sans debts).

Sturmey employees are the third prefential creditors and should receive up to half of the cash owed to them.