A Companies House update has detailed the list of Planet X’s creditors after the Rotherham-based company filed for administration last month. The statement of affairs, uploaded on Wednesday, June 28, shows more than £1.8 million of unsecured trade and non-preferential creditors owed funds by the firm. A statement of affairs …
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The future of independent British bicycle designer and retailer Planet X Limited has been secured following a sale of the business and its assets to Winlong Garments Limited, a company funded by Baaj Capital LLP. Concerns over the future of the Rotherham-based business arose last week after it appeared to …
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Rotherham-based bike company Planet X could be set to enter administration, according to documents filed Companies House and the High Court. On Thursday, June 1, Richard Mostyn-Jones, a Planet X director, applied to the High Court to notify the company’s intention to appoint an administrator. Then earlier this week, Cycling …
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Rotherham-based Planet X has secured a £3.225 million funding package through Santander UK. In 2020, Planet X’s 50 employees acquired the business from its founders and set up an Employee Owned Trust. The business has now moved its banking to Santander UK and is accessing a range of facilities to …
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