'Amazing' UK sports store chain crashes into administration — open since 2014

'Amazing' UK sports store chain crashes into administration — open since 2014 The shop, which had different locations as well as an online store, appointed administrators earlier this week. A beloved sports retailer has gone into administration after 12 years of trading. J's Cycle Shack, which operated branches in different UK locations including Wakefield and Epworth, alongside an online store, appointed administrators earlier this week according to a notice published in the Gazette. The shops specialise in bikes, repairs, cycling equipment and other services, while the online store also sold running gear, nutrition supplements, trainers and much more. At present, no explanation has been provided for the appointment of administrators. The business was founded by James Wagner back in 2014, and what began as a small local bike shop expanded into four stores and showrooms scattered across the country. At the time of writing, the branches in Wakefield, Leeds and Epworth are displaying as 'temporarily closed' on Google, and the website features a message saying: "We are sorry that we're currently unavailable but, fear not, we'll be back soon." Another section of the website says: "Please note that we are not taking online orders at this time." John Hedger of Seneca IP Limited has been appointed as administrator. When a company enters administration, creditors are legally barred from taking any action against the company without the administrator's or court's permission. This covers winding-up petitions, bailiff visits and legal proceedings. After this point, a company's options are typically assessed to determine what steps can be taken. If no viable solution emerges, then the company may ultimately face liquidation, whereby a company's assets are sold off to settle its outstanding debts. As well as selling and repairing bikes, J's Cycles worked alongside local running and cycling clubs to organise events and encourage more participation in the sport. The shops are popular among customers, with numerous glowing five-star reviews appearing for the business on Google. One person wrote: "I ordered a new bike J's cycles and the service from Josh was nothing short of exceptional. He went well above and beyond to get me the exact bike I wanted and was so helpful and understanding in the process. He always tried to keep the cost as low as possible as well. Great service, great prices and wonderful staff. Very highly recommend." Another said: "Amazing service, bikes were delivered next day and everything as per order. The team was helpful and friendly throughout. Thank you!" And a third commented: "Ordered a bike over the phone and Josh was really helpful throughout the whole process. Bike arrived so quickly and we are 100% delighted with it. We are London based but if I ever need to buy another bike, I will definitely use these guys again."